Summary by Moomoo AI
Iris Energy has reached its year-end target of 31 EH/s installed self-mining capacity, surpassing its original goal of 20 EH/s. The company expanded its operating data centers from 20MW to 350MW at Childress, achieving 15 J/TH efficiency with 510MW of total operating capacity. Childress now supports 350MW, with an additional 400MW available for expansion in 2025.Iris Energy remains on track to achieve 50 EH/s by H1 2025, supported by ongoing construction of Childress Phases 4 & 5 (2 x 150MW), secured long-lead electrical equipment, and pre-purchased S21 Pro Miners at $18.9/TH. The company's execution capabilities and 500+ on-site team have been crucial in achieving growth targets.With industry-leading efficiency, low electricity costs, and strong execution capabilities, Iris Energy positions itself as one of the fastest-growing and lowest-cost Bitcoin miners globally. The company's focus on renewable energy and expansion into AI Cloud Services further diversifies its operations and growth potential.
