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IREN Ltd | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Dec 23, 2024 11:26

Summary by Moomoo AI

Iris Energy has successfully reached its year-end target of 31 EH/s installed self-mining capacity, significantly exceeding its initial 20 EH/s goal. The company expanded its Childress facility operations from 20MW to 350MW, achieving 15 J/TH efficiency across 510MW of operating data centers.The company remains on track to reach 50 EH/s by H1 2025, supported by ongoing construction of Childress Phases 4 & 5 (2 x 150MW). Key electrical equipment has been secured, and site teams are maintaining a construction pace of ~50MW monthly. The expansion is further backed by pre-purchased S21 Pro miners at $18.9/TH.Childress now operates at 350MW capacity, with an additional 400MW available power at the 750MW project site for future expansion in 2025. The company's growth is attributed to its 500+ on-site team's disciplined approach to procurement, construction, safety, and innovation.
Iris Energy has successfully reached its year-end target of 31 EH/s installed self-mining capacity, significantly exceeding its initial 20 EH/s goal. The company expanded its Childress facility operations from 20MW to 350MW, achieving 15 J/TH efficiency across 510MW of operating data centers.The company remains on track to reach 50 EH/s by H1 2025, supported by ongoing construction of Childress Phases 4 & 5 (2 x 150MW). Key electrical equipment has been secured, and site teams are maintaining a construction pace of ~50MW monthly. The expansion is further backed by pre-purchased S21 Pro miners at $18.9/TH.Childress now operates at 350MW capacity, with an additional 400MW available power at the 750MW project site for future expansion in 2025. The company's growth is attributed to its 500+ on-site team's disciplined approach to procurement, construction, safety, and innovation.
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