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Iris Vitality to double hash charge in 2024 with $22M Bitmain T21 mining rig order



Renewable Bitcoin mining agency Iris Vitality is about to extend its whole hash charge to 10 exahash per second (EH/s) in 2024 by buying new Bitmain T21 mining rigs.

The corporate announced that it had acquired a further 1.6EH/s of Bitmain T21 miners, set for supply within the second quarter of 2024. The corporate presently has 5.6 EH/s of operational capability as of Dec. 2023.

The latest technology of Chinese language producer Bitmain’s mining {hardware} will even enhance the effectivity of Iris’ operations from 29.5 joules per terahash (J/TH) to 24.8 J/TH. Iris invested $22.3 million within the newest order from Bitmain, pricing the {hardware} at $14 per terahash.

Related: Iris Energy to nearly triple hash rate with estimated 44,000 new BTC miners

Iris expects to carry 1.4EH/s of mining output by powering up a earlier order of Bitmain S21 miners within the first quarter. It’s also awaiting a distinct batch of Bitmain T21 miners, growing its capability by 1.3 EH/s.

Iris announced the 80MW enlargement of its Childress knowledge middle operation in Texas in June 2023. The corporate has indicated that further operational capability shall be delivered from Jan. 2024 onwards, permitting for the rise in working hash charge as much as 10EH/s because it receives new {hardware} from Bitmain.

The corporate additionally plans to construct one other 100MW of knowledge facilities on the web site, which is made doable by offering a further 500MW of energy capability that’s already out there to the operation.

Whereas Iris has primarily been targeted on Bitcoin mining, it has expanded its knowledge middle to service the rising demand for generative synthetic intelligence (AI) computing. Iris invested $10 million in Aug. 2023 to purchase 248 state-of-the-art Nvidia H100 GPUs, which have been set to be delivered by way of the rest of the 12 months.

The corporate presently operates knowledge middle amenities in several websites throughout North America, together with Canal Flats, Mackenzie, Prince George in Canada’s British Columbia, and its Childress web site in Texas.

Iris maintains that its 4 operations make 100% use of renewable vitality, with the respective knowledge facilities drawing energy from a mixture of wind, photo voltaic and hydroelectric energy sources. A disclaimer on its web site notes that its three Canadian websites draw 98% of energy from renewables. The rest of its vitality use is offset by buying renewable vitality certificates. 

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