Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater
to the rising demand of data centers for AI.
The mining firm will expand to
9.1 EH/s (exahashes per second) and revitalize its high-performance computing
(“HPC”) data center strategy, as per a press release.
An exahash (EH/s) is a measure of the computational power
that Bitcoin mining networks possess, indicating how quickly they can perform calculations required
to secure transactions.
These changes are expected
to expand the company’s potential operating capacity
by over 63% (from 5.6 EH/s to 9.1 EH/s1).
Iris Energy aims to complete the shift
to high-performance computing by early 2024.
The announcement
comes amid the heightened interest
in Artificial Intelligence (AI).
The Bitcoin mining company said in
its press release that they have been exploring the strategy to expand
for four years.
In March 2020, the company signed a strategic memorandum of understanding
with Dell Technologies to test and develop potential data center solutions
for energy-intensive applications, including leveraging
Dell Technologies’ HPC and
artificial intelligence expertise.
