Bitcoin Miner Iris Energy extends capacity as part of the changeover to AI

Von Krypto News Österreich

On June 20, the institutional Bitcoin mining company Iris Energy announced an expansion plan from currently 5.6 EH/s to 9.1 EH/S (Exahashes per second).

The company also explained that there would be a “revitalization” of its data center strategy for high -performance calculation (“HPC”).

iris is a Bitcoin miner that relies 100 % on renewable energies and aims at cost-effective, insufficiently used renewable energies.

$ announced:
-80 MW Childdress construction underway, intended increase in the potential data center capacity of 5.6 EH /s to ~ 9.1 Eh /s until the beginning of 2024
-objects with a long preliminary to unlock ~ 13.6 EH /S
-The previous HPC data center strategy was revitalized
- limited recourse

- Iris Energy (@irisenergyco) 20. June 2023

Bitcoin mining company relies on Ki

The construction of the remaining 80 MW (megawatts) data centers for the first expansion phase at the Childdress location, Texas, is underway. The additional four 20 MW calculation centers should be completed by the beginning of 2024 and increase the capacity of the company by 63 %.

In phase two of the expansion, a further 100 MW capacity is added, which increases the hash performance to 13.6 EH/s in the future. The company explained:

"The short -term focus is still on the construction of data centers, while when we buy miners, we remain flexible, which depends on the financing and market conditions."

The high-performance computing strategy seems to be a linchpin for the area of ​​artificial intelligence (AI), which is currently on everyone's lips. In addition, it is estimated that the demand for data center areas for AI will increase to $ 76 billion by 2028.

The company found that a lot of time was invested in researching the strategy about three to four years ago. This included the signing of a strategic declaration of intent with Dell Technologies in March 2020 in order to "test and develop potential data center solutions for energy -intensive arithmetic applications".

Iris Energy reduced its capacity in November 2022 when the bear market reached its low point.

The Iris Energy (Irish) share rose by 21 % on this day and reached $ 4.19 in post -market trade. The company's shares have increased by more than 250 % since the beginning of the year.

hash installment tip

Since the hash rates continue to reach new highs, Bitcoin mining has become more difficult for smaller operators. According to Bitinfocharts, the current average hash rate is 354 EH/S. She reached its high on June 11th with 433 Eh/s and has risen by 32 % this year.

The level of difficulty that measures the competition between miners is also on an all -time high of 52.35 t.

The hash price or the mining redematability has dropped and, according to Hashrate Index, is currently $ 0.07 per th/s and day.

HASH prices rose in May, when the Bitcoin regulatory craze paralyzed the network, but have fallen by 20 % in the past 12 months.

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