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…