Crypto Miner Iris Energy Plans to Increase its Hashrate from 2 EH/s to 5.5 EH/s

Reading Time: < 1 minute

Australia-based mining company Iris Energy has announced it will increase in crypto mining capacity from 2 EH/s to 5.5 EH/s.

According to the company, it has made a $67 million upfront payment to miner maker Bitmain. With this amount, the company will receive Antminer S19j Pro devices with a total hashrate of 4.4 EH/s.

The firm is considering the sale of surplus contracted equipment. According to the agreements with Bitmain, the total supply is 10 EH/s.

Daniel Roberts, co-founder and CEO of Iris Energy, has said:

“I would like to thank Bitmain for their continued support and partnership, especially during a difficult period for both the industry and the market as a whole. We look forward to continuing our relationship in the long term.”

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!