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Iris Energy Secures Pathway to 20 EH/s in 2024 Via Miner Purchase Option

SYDNEY, Australia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced it is has entered into an agreement with Bitmain Technologies Delaware Limited (“Bitmain”) which provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024. With current operating capacity of 5.6 EH/s, the Company is now purchasing a total of 5.3 EH/s from Bitmain, with options to purchase up to an additional 9.1 EH/s at a price of $14/TH…

It’s the ‘Year of AI’ and robots may be coming for your job. Accenture’s…

The dawn of 2024 is already being billed as the “Year of AI,” when a transformative technology may begin to turn computers into co-workers, tackling everything from legal contracts to ad campaigns. Some tout artificial intelligence as a productivity-enhancing tool that will eliminate drudgery and open the door to creativity and innovation across all industries. Others envision a job-killing dystopian future where a robot becomes the new regional sales manager. Advertisement The commercial reality of generative AI — employing computers that “think” and communicate like humans — remains to be seen, but companies large and small are…

Mapped: UK councils in over £120billion of debt as one owes equivalent to £18k…

Residents may face cutbacks to services as councils face huge debts (Image: Getty) Local authorities and councils are struggling with £122billion in total debts with experts warning of an "extreme and long-lasting" effect on local services. UK councils owe a combined £97.8billion to lenders, according to BBC analysis of data from the Department for Levelling Up, Housing and Communities. That is the equivalent to £1,141 per resident, as of September 2023. Taking into account all types of local authorities however, such as police and crime commissioners and combined authorities, the debt pile rises to £122.2billion. B irmingham…

Explained: How cyclone reinsurance pool must change

Elon Musk leads the packs as Oxfam predicts first trillionaire by 2034

Elon Musk leads the packs as Oxfam predicts first trillionaire by 2034 By John-Paul Ford Rojas Updated: 09:59 GMT, 16 January 2024 e-mail View comments The world could have its first trillionaire within a decade as the gap between the uber-rich and the rest becomes 'supercharged', according to Oxfam. Tesla boss Elon Musk leads the pack among the mega rich but the aid charity said a contender could yet come from nowhere to be the first to amass a fortune of a thousand billion dollars. Oxfam published the report at the World Economic Forum in Davos, an annual gathering of political and business elites, as it sought to draw attention…