Australian bitcoin
miner IREN (IREN) stated 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 called previously Iris Power, said in an announcement on Tuesday.
Sydney-based IREN’s consideration is now on Horizon 1, a 50MW AI information middle 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 growth 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 stated within the assertion.
IREN’s Nasdaq-listed shares closed over 4% larger at $14.57 on Monday. They had been not too long ago 4.12% decrease in pre-market buying and selling.