8 months ago
According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining cognition has accrued its operating capableness to 6 exahash per 2nd (EH/s) and expects an further 4 EH/s to beryllium online by the archetypal fractional of 2024.
Iris Boosts Mining Capacity to 6 EH/s Amidst IREN Share Dip
The announcement connected Tuesday from Iris Energy (Nasdaq: IREN) highlighted the maturation of its mining operations to 6 EH/s, pursuing the deployment of caller mining hardware. Over the past six months, Iris has reported respective purchases of application-specific integrated circuit (ASIC) mining rigs.
Notably, successful October 2023, the institution disclosed the acquisition of Bitmain S21 Antminers worthy $19.6 million. This was followed successful November by the purchase of 7,000 T21 Antminers from the ASIC manufacturer.
Additionally, successful December, Iris announced the acquisition of different 8,380 T21 Antminers from Bitmain. Iris Energy is projecting an summation successful its mining operations, expecting an further 4 exahash per 2nd (EH/s) to go operational by the extremity of the archetypal fractional of 2024.
The institution besides emphasized its trajectory towards achieving a 20 EH/s people by the second fractional of 2024. This ambitious extremity comes connected the heels of a important acquisition – a acquisition and fixed terms enactment statement for an other 10 EH/s of Bitmain T21 miners.
Shares of IREN person not performed arsenic powerfully arsenic they did successful 2023, experiencing a notable diminution of 47.2% against the U.S. dollar since the commencement of the year. A recent analysis by theminermag.com reveals that publicly-listed mining companies person seen a simplification successful value, amounting to $6 billion, since the year’s commencement.
What bash you deliberation astir Iris expanding its hashrate by adding 6 EH/s of hashpower? Share your thoughts and opinions astir this taxable successful the comments conception below.
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