Bitcoin Miner IREN Hits 50 EH/s Midyear Hashrate Target, Eyes AI Expansion
Main Idea
Bitcoin miner IREN achieved its midyear hashrate target of 50 EH/s and plans to expand its AI infrastructure in Childress, Texas, with a new data center expected by the end of 2025.
Key Points
1. IREN reached 50 EH/s installed self-mining capacity, up from 31 EH/s at the end of the previous year.
2. The growth is supported by IREN's 750MW site in Childress, Texas.
3. IREN is focusing on Horizon 1, a 50MW AI data center at Childress, set for delivery in Q4 2025.
4. Rival CleanSpark also achieved 50 EH/s last month.
5. IREN's Nasdaq-listed shares closed over 4% higher at $14.57 but were 4.12% lower in pre-market trading.
Description
Australian bitcoin (BTC) miner IREN (IREN) said it reached its midyear hashrate target of 50 exahashes per second (EH/s) installed self-mining capacity. The growth from 31 EH/s at the end of last year is anchored by IREN's 750MW site in Childress, Texas, the company formerly known as formerly Iris Energy, said in an announcement on Tuesday . Sydney-based IREN's attention is now on Horizon 1, a 50MW AI data center at Childress, which it says it set for delivery in the fourth quarter. Hashrate is ...
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