Iris Vitality Will increase Mining Capability to 10 EH/s

Iris Vitality Restricted (IREN) (along with its subsidiaries, “Iris Vitality” or “the Firm”), a number one proprietor and operator of institutional-grade, extremely environment friendly Bitcoin mining knowledge facilities powered by 100% renewable vitality, in the present day introduced the acquisition of 1.6 EH/s of Bitmain T21 miners to extend self-mining capability to 10 EH/s.

Key Highlights

• 1.6 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH)
• $14/TH buy value ($22.3 million)1
• Fulfills the Firm’s objective of increasing self-mining capability to 10 EH/s:
  • Present: 5.6 EH/s working
  • Delivery Q1 2024: 1.4 EH/s Bitmain S21 miners
  • Delivery Q1 2024: 1.3 EH/s Bitmain T21 miners
  • Delivery Q2 2024: 1.6 EH/s Bitmain T21 miners
• 80MW enlargement at Childress is on monitor, supporting the rise in working hashrate from 5.6 EH/s to 10 EH/s
• Improved general fleet effectivity from 29.5 J/TH to 24.8 J/TH

Iris Vitality is buying 8,380 new-generation T21 miners from Bitmain Applied sciences Delaware Restricted for a purchase order value of $14/TH ($22.3 million, payable in progressive instalments). Delivery is scheduled for Q2 2024.

The newly acquired S21 and T21 miners, as soon as put in, will enhance general fleet effectivity from 29.5 J/TH to 24.8 J/TH.

The Firm’s 80MW knowledge middle enlargement at Childress stays on monitor to be progressively delivered from January 2024 by to Q2 2024, supporting the rise in working hashrate from 5.6 EH/s to 10 EH/s.

Early works and procurement for the subsequent 100MW of knowledge facilities at Childress are ongoing, with 500MW of extra energy instantly accessible on website.About Iris Vitality

Iris Vitality is a sustainable Bitcoin mining firm that helps the decarbonization of vitality markets and the worldwide Bitcoin community.

• 100% renewables: Iris Vitality targets websites with low-cost, under-utilized renewable vitality, and helps native communities
• Lengthy-term safety over infrastructure, land and energy provide: Iris Vitality builds, owns and operates its electrical infrastructure and proprietary knowledge facilities, offering long-term safety and operational management over its belongings
• Seasoned administration crew: Iris Vitality’s crew has a powerful monitor file of success throughout vitality, infrastructure, renewables, finance, digital belongings and knowledge facilities with cumulative expertise in delivering >$25bn in vitality and infrastructure initiatives globally