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Australian bitcoin (BTC) miner IREN (IREN) said it reached its midyear hashrate people of 50 exahashes per 2nd (EH/s) installed self-mining capacity.
The maturation from 31 EH/s astatine the extremity of past twelvemonth is anchored by IREN's 750MW tract successful Childress, Texas, the institution formerly known arsenic formerly Iris Energy, said successful an announcement connected Tuesday.
Sydney-based IREN's attraction is present connected Horizon 1, a 50MW AI information halfway astatine Childress, which it says it acceptable for transportation successful the 4th quarter.
Hashrate is simply a measurement of the computing powerfulness down the Bitcoin network. The higher a company’s hashrate, the higher its chances of mining caller BTC and receiving the rewards that travel with it. Rival CleanSpark (CLSK) besides reached the milestone of 50 EH/s past month.
"With 50 EH/s of mining enlargement complete, we're present turning to our adjacent frontier, leveraging the aforesaid execution subject to standard AI infrastructure crossed high-growth compute markets," co-founder Daniel Roberts said successful the statement.
IREN's Nasdaq-listed shares closed implicit 4% higher astatine $14.57 connected Monday. They were precocious 4.12% little successful pre-market trading.
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