Iris is currently completing the first phase of construction of its data center in Childress, Texas, with an estimated capacity of 600 MW. In addition to Texas, Iris Energy data centers are located in the Canadian province of British Columbia.
The company’s management is also considering the possibility of expanding production by 100 MW. This could increase the company’s hash rate to 13.6 EH/s in the long run. Since the announcement of expansion plans, the company’s shares have jumped 21% on the day, from $3.55 to $4.14.
In February, Iris Energy announced that it had almost tripled the hashrate of its hardware lately. This was done thanks to the purchase of 44,000 new ASIC miners. And last year, the company spent $71 million on the purchase of new mining equipment.
Source: Bits
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