Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, depuis 2 exahash par seconde (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain.

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Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion

Bitcoin mining company, Iris Energy, annoncé plans to increase its self-mining capacity to 5.5 exahash par seconde (EH/s) depuis 2 EH/s. The company recently unplugged 3.6 EH/s of mining rigs in November 2022 after receiving a default notice from a lender. To obtain 4.4 EH/s worth of machines, the company is utilizing approximately $67 million in Bitmain credits.

The newly acquired S19j Pro mining rigs will be distributed among Iris Energy’s data centers in British Columbia and Texas. If the company finds it has an excess of machines, it will sell them to invest in corporate purposes and growth initiatives. Daniel Roberts, co-founder and co-CEO of Iris Energy, described the latest move as an essential juncture for the bitcoin mining firm.

“This is a significant milestone for Iris Energy. We are delighted to have been able to utilize our remaining Bitmain prepayments to acquire new miners without any additional cash outlay,” Roberts said in a statement. “In doing so, [it] not only increase[s] our self-mining capacity to 5.5 EH/s, all powered by 100% renewable energy data center infrastructure, but also fully resolve[s] our obligations under our contract with Bitmain,” Roberts added.

Dans 2022, bitcoin mining operations faced challenges due to a significant depreciation of BTC prices. Some operations went bankrupt during the crypto winter. toutefois, 2023 has seen an improvement in crypto prices, although U.S. regulators have increased enforcement, which has temporarily paused the recent rise. As of Monday, Capital BECO 13, 2023, BTC’s price is stable and hovering around its value prior to the FTX collapse.

Tags dans cette histoire
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Jamie Redman

Jamie Redman est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 6,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




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