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IREN / Iris Energy reveals big boost in Bitcoin mining capacity

Iris Energy Limited (NASDAQ:IREN) announced that it is increasing its self-mining capacity by 25% from 5.6 exahashes per second (EH/s) to 7.0 EH/s through the acquisition of about 7,000, or 1.4 EH/s, of the latest-generation Bitmain S21 miners. The sustainable Bitcoin mining company said the $19.6 million purchase price will consist of $16.7 million to be paid before shipment, with the remaining 15% of the purchase price being deferred until one year after shipment. Read More

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Posted: Oct 6 2023, 10:07

Author Name: Proactive Investors

IREN News

By Proactive Investors
October 24, 2023

Iris Energy partners WEKA for entry into generative AI market

Iris Energy Limited (NASDAQ:IREN) said it has formed a partnership with WEKA as part of its entry into the generative AI market, using WEKA's Data Pla

By Proactive Investors
October 6, 2023

Iris Energy reveals big boost in Bitcoin mining capacity

Iris Energy Limited (NASDAQ:IREN) announced that it is increasing its self-mining capacity by 25% from 5.6 exahashes per second (EH/s) to 7.0 EH/s thr

By Proactive Investors
October 5, 2023

Iris Energy steadily advancing 80MW expansion at Childress bitcoin mining operation

Iris Energy Limited (NASDAQ:IREN) said in its monthly update that its plan to add another 80MW to its Childress bitcoin mining operation in Texas is c

By Proactive Investors
September 18, 2023

Iris Energy FY23 results: a deeper look at its Bitcoin mining success

Iris Energy Limited (NASDAQ:IREN)'s FY23 financial report revealed a dynamic year marked by substantial growth in the Bitcoin mining sector, ambitious

By Seeking Alpha
September 15, 2023

Iris: Good Cash Generation And Energy Advantages Becoming Apparent

Iris Energy reported FY 2023 results, with profitability since the June update being excellent. The company's access to cheap power in Texas and parti

By Proactive Investors
September 14, 2023

Iris Energy wraps up ‘transformational' year with record revenue

Iris Energy Limited (NASDAQ:IREN) has reported record revenue for its 2023 financial year as it increased its operating hashrate and mined more bitcoi

By Seeking Alpha
September 13, 2023

Iris Energy Limited (IREN) Q3 2023 Earnings Call Transcript

Iris Energy Limited (NASDAQ:IREN ) Q3 2023 Earnings Conference Call September 13, 2023 5:00 PM ET Company Participants Robert Lincoln - Senior Manager

By GlobeNewsWire
September 7, 2023

Iris Energy to Release FY23 Results and Host Conference Call on September 13, 2023

SYDNEY, Australia, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the �

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