Iris Energy (IREN) has released an update.
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Iris Energy Limited (IREN) has achieved a significant milestone by increasing its installed capacity to 20 EH/s, surpassing its target ahead of schedule and with plans to further expand to over 30 EH/s in the next quarter. The company’s construction of Childress Phase 3 is progressing, with the deployment of Bitmain S21 XP miners expected to contribute to a substantial increase in hashrate efficiency. Iris Energy also projects competitive costs for Bitcoin mining, estimating electricity costs at $20k and all-in cash costs at $30k per Bitcoin at the 31 EH/s capacity.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
