IREN capacity increased to 40 EH/s
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided an update on its Bitcoin mining expansion. “We’re proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target,” said Daniel Roberts, IREN Co-Founder and Co-CEO. “The site team’s rapid expansion of data center capacity at Childress coupled with our best-in-class fleet efficiency and low electricity costs has positioned IREN as one of the largest scale, lowest-cost producers of Bitcoin. We expect to maintain this momentum as we continue to scale mining capacity towards 50 EH/s over the coming months.” IREN has increased its installed self-mining capacity from 37 EH/s to 40 EH/s (15 J/TH efficiency), following the commissioning of additional mining hardware within its Childress Phase 4 (150MW) data centers. The Company remains well-positioned to achieve 50 EH/s in H1 2025. Forward-Looking Statements This press release in
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- Better AI Infrastructure Stock: Nebius Group vs. Iren Limited [Yahoo! Finance]Yahoo! Finance
- IREN (NASDAQ:IREN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
- Why The Next 12-18 Months Are Crucial For IREN's Growth [Seeking Alpha]Seeking Alpha
- IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible NotesGlobeNewswire
IREN
Sec Filings
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- IREN's page on the SEC website