ZEUS MINING
CRYPTO MINING PRO
Home/NEWS/

Bitcoin mining company Iris Energy plans to increase its data center hashrate from 5.6 EH/s to 9.1 EH/s in early 2024

Bitcoin mining company Iris Energy plans to increase its data center hashrate from 5.6 EH/s to 9.1 EH/s in early 2024

2023/6/21

Iris Energy has announced that at its 600 MW Childress site, the remaining 80 MW data center of Phase 1 (first 100 MW) is under construction. The additional four 20 MW data centers are expected to increase the company’s potential operating capacity by approximately 63% (from 5.6 EH/s to 9.1 EH/s), and are targeted for completion by early 2024. Other long-term projects will also continue, including Childress Phase 2 (the second 100 MW), which is expected to release about 13.6 EH/s of hashrate. Iris Energy said that the short-term focus is still on data center construction, while maintaining flexibility in the timing of purchasing miners according to funding and market conditions. The company is well-capitalized with approximately $64 million in cash, no debt, and is currently operating cash flow based on 5.6 EH/s of hashrate, as well as additional options for committed equity arrangements.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Attention!

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here

CLOSE