Australian bitcoin
miner IREN (IREN) mentioned it reached its midyear hashrate goal of fifty exahashes per second (EH/s) put in self-mining capability.
The expansion from 31 EH/s on the finish of final yr is anchored by IREN’s 750MW web site in Childress, Texas, the corporate previously often known as previously Iris Power, mentioned in an announcement on Tuesday.
Sydney-based IREN’s consideration is now on Horizon 1, a 50MW AI information heart at Childress, which it says it set for supply within the fourth quarter.
Hashrate is a measurement of the computing energy behind the Bitcoin community. The upper an organization’s hashrate, the upper its possibilities of mining new BTC and receiving the rewards that include it. Rival CleanSpark (CLSK) additionally reached the milestone of fifty EH/s final month.
“With 50 EH/s of mining enlargement full, we’re now turning to our subsequent frontier, leveraging the identical execution self-discipline to scale AI infrastructure throughout high-growth compute markets,” co-founder Daniel Roberts mentioned within the assertion.
IREN’s Nasdaq-listed shares closed over 4% larger at $14.57 on Monday. They have been lately 4.12% decrease in pre-market buying and selling.
