Renewable Bitcoin (BTC) mining agency Iris Vitality is ready to extend its whole hash fee to 10 exahashes per second (EH/s) in 2024 by buying new Bitmain T21 mining rigs.
The corporate introduced it had acquired an extra 1.6 EH/s of Bitmain T21 miners, set for supply within the second quarter of 2024. The corporate at present has 5.6 EH/s of operational capability as of December 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.
Associated: Iris Vitality to almost triple hash fee 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 special batch of Bitmain T21 miners, growing its capability by 1.3 EH/s.
Iris introduced the 80-megawatt (MW) enlargement of its Childress information heart operation in Texas in June 2023. The corporate has indicated that extra operational capability will probably be delivered from January 2024, permitting for the rise in working hash fee as much as 10 EH/s because it receives new {hardware} from Bitmain.
The corporate additionally plans to construct one other 100 MW of knowledge facilities on the website, which is made attainable by offering an extra 500 MW of energy capability that’s already obtainable to the operation.
Whereas Iris has primarily been targeted on Bitcoin mining, it has expanded its information heart to service the rising demand for generative synthetic intelligence computing. Iris invested $10 million in August to buy 248 state-of-the-art Nvidia H100 GPUs, that are set to be delivered by the tip of 2023.
The corporate at present operates information heart amenities in several websites throughout North America, together with Canal Flats, Mackenzie, Prince George in Canada’s British Columbia and its Childress website in Texas.
Iris claims that its 4 operations use 100% renewable power, with the info facilities producing energy from a mixture of wind, photo voltaic and hydroelectric sources. A disclaimer on its web site notes that its three Canadian websites generate 98% of their energy from renewables. The rest of its power use is offset by buying renewable power certificates.
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