Iris Energy Acquires 7,000 Next-Gen T21 Bitcoin Miners in Deal With Bitmain

The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to a notable 8.3 EH/s.

Iris Energy Secures 1.3 EH/s in Latest Bitmain Deal

Iris Energy (Nasdaq: IREN) announced on Thursday its procurement of 7,000 next-generation T21 bitcoin (BTC) miners from Bitmain Technologies. The deal, amounting to roughly $18.6 million, translates to a cost of $14 per terahash. Bitmain has agreed to postpone 20% of this sum until May 30, 2024, while Iris Energy plans to settle the balance through structured payments.

At the end of October, Bitmain introduced the T21 series, an air-cooled unit boasting up to 190 terahash per second (TH/s) capacity and a 19 joules per terahash (J/T) efficiency rating. Iris Energy highlighted that these T21 units’ enhanced efficiency ratio will elevate their entire fleet’s performance from 29.5 J/TH to 25.8 J/TH.

Concurrently, Iris is advancing an 80 megawatt (MW) expansion at its Childress facility, targeting a 10 EH/s capacity by the second quarter of 2024. “Early works and procurement for the next 100MW of data centers at Childress have commenced, with 600MW of total power available on site,” Iris disclosed on Thursday.

The latest move by Iris follows a trend of major firms securing thousands of mining rigs from Bitmain and Microbt. Earlier in the month, Hive Digital purchased 4,800 Bitmain S19k bitcoin miners, and Cleanspark obtained 4.4 EH/s capacity in Bitmain’s new S21 model Antminers. Moreover, Northern Data’s subsidiary, Peak Mining, has acquired equipment from Bitmain’s competitor, Microbt.

In a related move mid-October, Iris invested $19.6 million in Bitmain’s S21 Antminers. Following Thursday’s announcement, Iris’ stock saw an approximate 6% rise, with a 43% increase over the past 30 days. Year-to-date, IREN shares have soared by over 293%, as per data from Tradingview.

What are your thoughts on this story? Share your thoughts and opinions about this subject in the comments section below.

from Bitcoin News https://ift.tt/fqXaxMF

Comments

Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration

Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats On Friday, April 21, the @wallet bot on Telegram announced the addition of bitcoin (BTC) support to its web interface. The development team explained that previously, the leading cryptocurrency by market capitalization was only accessible in the text bot. “Now, all @wallet users will be able to take full advantage of our web interface,” the announcement on Telegram details. Telegram is extremely popular among cryptocurrency users, and according to a report from April 2023, the messaging app has an estimated 1.068 billion users. Bitcoin.com News confirmed that BTC has been added, as our publication tested the @wallet bot on Telegram

Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs

During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Saturday, Jan. 6, 2024. 2024 Brings Chill to Solana’s Market Performance After surging by over 700% in 2023, solana (SOL) has experienced a cool-off period. In the last week, SOL dipped slightly more than 6%, yet it still boasts a 46% increase against the U.S. dollar over the preceding month. As of Jan. 6, 2024, SOL’s intraday value fluctuated between a high near $100 and a low of $92.23, trading at $96.75 per unit at 12:51 p.m. Eastern Time. Notably, SOL commands significant influence in South Korea’s market, trading at $99 on Upbit and $98.81 on Bithumb, surpassing the global average of $96 per unit as noted on aggregate market sites. Tether ( USDT ) is SOL’s primary pair, constituting over 67% of all solana trades, followed by the U.S

LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch

PRESS RELEASE. In an exhilarating development for the decentralized finance (DeFi) community, LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) […] from Bitcoin News https://ift.tt/2ZOt0Vv

Crypto News Updates

Search This Blog