253 0 Kommentare IREN’s expansion plans increased to 30 EH/s in 2024

Achieved 10 EH/s milestone ahead of schedule

SYDNEY, Australia, May 15, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.

Key Highlights

Operating hashrate currently 10 EH/s, milestone achieved ahead of schedule
2024 expansion plans increased to 30 EH/s
- Secured latest-generation Bitmain S21 Pro miners with nameplate efficiency of 15 J/TH
- Upon completion, nameplate fleet efficiency of 16 J/TH and indicative electricity cost per Bitcoin mined of $17k
- Additional 50MW data center expansion at Childress (announced April 29, 2024)
- Funding through existing cash and other sources
Additional Bitmain S21 Pro miner purchase options (10 EH/s) supporting expansion pathway to 40 EH/s in 1H 2025

2024 expansion plans increased to 30 EH/s

The Company’s previously announced 2024 expansion plan to 20 EH/s has been increased to 30 EH/s.

This accelerated growth is enabled through amended and new agreements with Bitmain, along with the construction of an additional 50MW of data center capacity at Childress in 2024.

Existing agreements – Bitmain T21/S21 purchase (5 EH/s)
Amended agreement – Bitmain T21 options (11 EH/s)
- Flexibility, when exercising the options, to select either Bitmain T21 or S21 Pro miners (or a combination of):
  - $14.0/TH for Bitmain T21 (unchanged); or
  - $18.9/TH for Bitmain S21 Pro (new)
- Contract size of up to 9 EH/s (if T21 selected in full) or 11 EH/s (if S21 Pro selected in full)
- Option expiry in March 2025 (previously September 2024)
New agreement – Bitmain S21 Pro purchase and options (24 EH/s)
- 12 EH/s purchase at $15.1/TH (plus $3.8/TH payable 9 months after delivery); and
- 12 EH/s options at $18.9/TH
  - 10 EH/s of which supports expansion pathway to 40 EH/s in 1H 2025

Childress expansion plan in 2024 increased by 50MW
- Enabled partly through a new substation design, as well as ongoing improvement and optimization of the Company’s construction and procurement process
- Global data center capacity now planned at 510MW by the end of 2024