Australian Bitcoin Miner Iris Energy Set to Acquire 8,380 New-Generation T21 Miners

Bitcoin mining firm Iris Energy Limited mentioned on Dec. 15 that it expects to take supply of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is predicted to assist Iris Energy fulfill its objective of accelerating its self-mining capability to 10 EH/s (exahash per second).

Acquisition to Improve Overall Fleet Efficiency

The Australian Bitcoin mining firm Iris Energy Limited introduced on Dec. 15 that it’s set to accumulate $22.3 million value of 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited. Once put in, the T21s, along with S21s, are anticipated to enhance the Bitcoin miner’s “overall fleet efficiency from 29.5 J/TH to 24.8 J/TH.”

In an announcement, Iris Energy mentioned the cargo of the T21s is scheduled for the second quarter of 2024. Delivery of the mining machines is predicted to assist Iris Energy fulfill its objective of accelerating self-mining capability.

“The company’s 80MW data center expansion at Childress remains on track to be progressively delivered from January 2024 through to Q2 2024, supporting the increase in operating hash rate from 5.6 EH/s to 10 EH/s,” the Bitcoin miner mentioned.

Iris Energy added that its 80MW knowledge heart growth at Childress is on target to be “progressively” delivered beginning in January 2024 by way of to Q2 2024. This is predicted to help the rise within the working hash fee.

According to the assertion, the acquisition worth for the Bitcoin miners, which interprets to $14/TH (terahash), is payable in progressive installments.

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