Renewable Bitcoin (B T c) Mining firm Iris Energy is set to increase its total hash rate to 10 exahash per second (EH/s) by acquiring a new Bitmain T21 mining rig in 2024.
company announced It had acquired an additional 1.6 EH/s Bitmain T21 miners scheduled for delivery in Q2 2024. The company currently has 5.6 EH/s operational capacity through December 2023.
The latest generation of mining hardware from Chinese manufacturer Bitmain will also increase the efficiency of Iris’s operations from 29.5 joules per terahash (J/TH) to 24.8 J/TH. Iris invested $22.3 million in Bitmain’s latest order, pricing the hardware at $14 per terahash.
Iris expects to build on previous orders for Bitmain S21 miners to bring mining output to 1.4EH/s in the first quarter. It is also waiting for a separate batch of Bitmain T21 miners, which will increase its capacity by 1.3 EH/s.
Eye pupil announced An 80 megawatt (MW) expansion of its Childress data center operation in Texas in June 2023. The company has indicated that additional operating capacity will be delivered from January 2024, allowing the operating hash rate to increase to 10 EH/s. It receives new hardware from Bitmain.
The company also plans to build another 100 MW data center at the site, made possible by providing additional power capacity to the 500 MW already available for operation.
While Iris focuses primarily on Bitcoin mining, it has expanded its data center to meet the growing demand for generative artificial intelligence computing. Eye pupil Invested 10 million dollars in August To purchase 248 state-of-the-art Nvidia H100 GPUs, which will be delivered by the end of 2023.
The company currently operates data center facilities at various sites in North America, including Canal Flats, Mackenzie, Prince George in British Columbia, Canada, and its Childress site in Texas.
Eye pupil Claim Its four operations use 100% renewable energy, with the data centers generating electricity from a mix of wind, solar and hydroelectric sources. A disclaimer on its website states that its three Canadian sites generate 98% of their electricity from renewable energy. The remainder of its energy use is met by purchasing renewable energy certificates.