Australian Bitcoin Mining Company Expands Operations: New Orders from Bitmain!

• Bitcoin mining company Iris Energy Limited announced its plans to receive 8,380 new-generation T21 miners from Bitmain on December 15.
• It is expected that the T21s, along with the S21s, will improve the overall fleet efficiency of Bitcoin mining from 29.5 J/TH to 24.8 J/TH.
• The delivery of mining machines will assist Iris Energy in achieving its goal of increasing its mining capacity.

Bitcoin mining company Iris Energy Limited has announced that it will receive new mining machines from Bitmain: Here are the details!

Mining Company to Receive New Machines

Bitcoin mining company Iris Energy Limited announced its plans to receive 8,380 new-generation T21 miners from Bitmain on December 15. The delivery of mining machines will help Iris Energy reach its goal of increasing its mining capacity to 10 EH/s (exahashes per second).

Australian Bitcoin mining company Iris Energy Limited has disclosed its intention to purchase 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited, with a total value of $22.3 million, on December 15. It is expected that the T21s, along with the S21s, will improve the overall fleet efficiency of Bitcoin mining from 29.5 J/TH to 24.8 J/TH.

Iris Energy stated in its announcement that the shipment of T21s is scheduled for the second quarter of 2024. The delivery of mining machines will assist Iris Energy in achieving its goal of increasing its mining capacity.

Delivery scheduled until the second quarter of 2024

“The company’s expansion of the 80 MW data center in Childress is planned to be delivered gradually starting from January 2024 and lasting until the second quarter of 2024, supporting the increase in operational hash rate from 5.6 EH/s to 10 EH/s,” noted the Bitcoin mining company.

Iris Energy mentioned that the expansion of the 80 MW data center in Childress is in the process of being delivered gradually from January 2024 to the second quarter of 2024, supporting the expected increase in the operational hash rate. According to the announcement, the purchase price for Bitcoin miners is paid with installment payments expressed as 14 dollars/TH (terahash).