Bitcoin miner Iris Energy will increase capacity to 9.1 EH/s

Iris Energy is engaged in mining the first cryptocurrency. It stated that it is going to increase its own capacity to 9.1 EH/s before the beginning of next year.

What kind of power increase is being talked about

At the moment, the company's hashrate is 5.6 EH/s. Further growth will be made after the construction of the first stage of the data center is completed. It is located in Texas, and its capacity does not reach 100 MW.

The miner is going to expand the enterprise by one more of the same capacity. In total, it will be able to get about 13.6 EH/s in the long term. To do this, it is planned to purchase ASIC equipment of the Antminer S19 XP series, which is produced by Bitmain. At the moment, the company is monitoring the market to find more extensive opportunities to purchase devices.

They also updated the strategy regarding high-performance computing. This direction was chosen as the second key, after mining. 3-4 years were spent on the analysis of this industry. Dell Technologies became a partner.

To do this, the company decided to expand the existing centers that are engaged in mining. Additionally, the hashrate of those enterprises that are just being built will be increased.

The GRIN4 ecosystem

We have created a bot to make money on crypto exchanges. You set the settings, and he trades 24/7. Manage all assets from one service: with your own hands or with the help of algorithmic trading. Anonymously. Simply. Stress-free.