Iris Energy Acquires 7,000 Bitmain S21 Miners To Increase Self-Mining Capacity

Iris Power Restricted is about to extend its self-mining capability by a whopping 25%, up from 5.6 exahashes per second (EH/s) to 7.0 EH/s by buying 1.4 EH/s of the latest-generation Bitmain S21 miners, a strategic partnership with Bitmain Applied sciences Delaware Restricted.

The Bitmain S21 miners are identified for his or her industry-leading effectivity, working at a formidable 17.5 joules per terahash (J/TH). This elevated effectivity not solely enhances fleet resilience post-halving but additionally improves the capital effectivity of information facilities.

Bitmain S21 Miners Acquisition

The entire buy value for this enlargement is $19.6 million, with $16.7 million to be paid earlier than cargo and the remaining $2.9 million deferred for one 12 months post-shipment. Iris Power plans to fund this acquisition by varied sources, together with present capital reserves and working money circulate.

Moreover, Power stays on observe with its 80MW enlargement at Childress, Texas, and is even eyeing a near-term enlargement potential of as much as 9.4 EH/s. The agency is clearly making strategic strikes to ascertain a robust presence within the crypto-mining {industry}.

DISCLAIMER: The knowledge on this web site is offered as common market commentary and doesn’t represent funding recommendation. We encourage you to do your individual analysis earlier than investing.

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