Iris Energy to Ramp Up Capacity in 2024 Following $22M Spend on Bitmain Rigs Renewable Bitcoin mining company
Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity
to 10 EH/s. In a press release on December 15,
the company disclosed plans to acquire 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited at $14/TH ($22.3 million).
Prior to the latest purchase,
Iris Energy had initially ordered Bitmain S21 miners to generate 1.4EH/s of mining output. These S21 and T21 miners, scheduled for shipping in Q2 2024, are expected to enhance the overall fleet efficiency
from 29.5 J/TH to 24.8 J/TH upon installation. Meanwhile
, Iris Energy’s 80MW data center expansion in Childress is progressing. It is set to deliver incrementally from January 2024 to Q2 2024 and support the operating
hashrate growth from 5.6 EH/s to 10 EH/s. Early works and procurement efforts for an additional 100MW of data centers at Childress are also ongoing, backed by an immediate
500MW power availability on-site. This recent acquisition follows
the June 20 announcement of Iris Energy advancing the construction of 80MW of data centers for Phase 1 (first 100MW) at its 600MW Childress site. These additional
4 x 20MW data centers are expected to boost the company’s potential operating capacity by approximately 63%, reaching
9.1 EH/s from the current 5.6 EH/s, with completion targeted for early 2024.
