Iris Energy's Texas mine to reach 765 MW of power capacity

Australian crypto miner Iris Energy (IREN) has signed a partnership agreement with utility service provider AEP Texas to add 600 MW of power capacity to its crypto mining farm in Texas, according to filings with the U.S. Securities and Exchange Commission (SEC). The total capacity increases to 765 MW (approximately 22 EH/s). Iris Energy paid $19 million in security and connection fees. The Texas data center is expected to be powered up in the first quarter of 2023.