2 years ago
Australian crypto miner Iris Energy (IREN) secured a 600 megawatt transportation for a caller Texas crypto mining facility, the institution said connected Friday.
The institution said successful a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding transportation statement with inferior supplier AEP Texas.
Iris Energy paid $19 cardinal for the information deposit and the transportation fee, the filing said. The information centers successful Texas are expected to beryllium energized successful Q1 2023, said the miner.
Iris Energy has secured a 300 acre freehold tract successful the Texas Panhandle, the state's northernmost region, which volition beryllium connected straight to the grid done a 345kV transmission line, the filing said.
Iris Energy recorded a hashrate of 748 petahash per 2nd (PH/s) successful December 2021. It plans to adhd 2.9 EH/s crossed 2 sites successful British Columbia, with mining rigs it has already secured, by the extremity of 2022. Another 11.6 EH/s are planned for 2023, including 10.6 EH/s successful the Panhandle facility.
The institution could adhd different 7 EH/s successful the Texas installation if it secures much mining rigs, bringing its full computing powerfulness to 22 EH/s - astir 14% of the bitcoin network's existent hashrate.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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