Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today provided a business update.
"We are pleased to announce that we've reached our 20 EH/s milestone ahead of schedule. This achievement reflects the hard work of our global team. Thank you for your dedication and efforts in making this happen," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We look forward to continuing this momentum as we expand to over 30 EH/s in the next three months."
IREN achieves 20 EH/s milestone
IREN has increased its installed capacity to 20 EH/s (16 J/TH efficiency).
Through optimization of its existing data center infrastructure, IREN now expects to increase its installed capacity to 21 EH/s in the coming days.
On track for 31 EH/s in 4Q 2024
Childress Phase 3 (150MW) construction is well underway, with approximately 430 people mobilized to site.
As part of the expansion from 21 EH/s to 31 EH/s, previously purchased Bitmain S21 XP miners (13.5 J/TH) are scheduled for shipping over the next 2 months.
Based on 31 EH/s (15 J/TH efficiency):
- $20k electricity cost per Bitcoin mined
- $30k all-in cash cost per Bitcoin mined
