Renewable Bitcoin mining firm Iris Power plans to extend its whole hash price to 10 exahash per second (EH/s) in 2024 with the acquisition of the brand new Bitmain T21 mining rig.
firm announced The corporate introduced that it has acquired a further 1.6EH/s for the Bitmain T21 miner, scheduled for supply in Q2 2024. The corporate at the moment has an operational capability of 5.6EH/s as of December 2023.
The most recent era of mining {hardware} from Chinese language producer Bitmain additionally will increase Iris’ operational effectivity from 29.5 joules per terahash (J/TH) to 24.8 J/TH. Iris invested $22.3 million in its newest order from Bitmain, with {hardware} priced at $14 per TeraHash.
Associated: Iris Power almost triples hashrate with estimated 44,000 new BTC miners
Iris expects to energy up its beforehand ordered Bitmain S21 miner within the first quarter, leading to 1.4EH/s of mining manufacturing. We’re additionally ready for an additional batch of Bitmain T21 miners, which can improve its capability by 1.3 EH/s.
iris announced The corporate plans to increase its Childress knowledge middle operations in Texas by 80MW in June 2023. The corporate has indicated that from January 2024 onwards, extra operational capability can be offered and with the introduction of recent {hardware} it will likely be potential to extend the operational hash price as much as 10EH/s from Bitmain.
The corporate additionally plans to construct a further 100MW knowledge middle on web site, which can be made potential by offering a further 500MW of energy capability already accessible for operations.
Though Iris has primarily targeted on Bitcoin mining, it has expanded its knowledge facilities to fulfill the rising demand for generative synthetic intelligence (AI) computing. Iris mentioned he invested $10 million in August 2023 to buy 248 of his state-of-the-art Nvidia H100 GPUs, which had been scheduled to ship inside the 12 months.
The corporate at the moment operates knowledge middle amenities at varied websites throughout North America, together with Canal Flats, Mackenzie and Prince George in British Columbia, Canada, and the Childress web site in Texas.
iris maintain Its 4 operations are 100% renewable-powered, with every knowledge middle powered by a mixture of wind, photo voltaic and hydropower. A disclaimer on the web site states that the corporate’s three Canadian websites derive 98% of their electrical energy from renewable power. The remaining power utilization is offset by buying renewable power certificates.
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