Mining company Iris Energy installed 44,000 new devices


Australian mining company Iris Energy reported that recently it has almost tripled the hash rate of its equipment.. This was done thanks to the purchase of 44,000 new ASIC miners.

In a press release from Iris Energy, it is noted that now the total hashrate of the company’s equipment reaches 5.5 Eh / s, while until recently the figure was only 2 Eh / s.

Bitmain Antminer S19j Pro devices were chosen to expand the business. The maximum hashrate of such a device reaches 100 Tx / s, and the company has purchased approximately 44,000 devices.

As Iris Energy CEO Daniel Roberts emphasized, the purchase of equipment “was a significant milestone for the company,” especially given the crisis in the cryptocurrency market.

Iris Energy data centers are located in the Canadian province of British Columbia and in the US state of Texas. To purchase additional equipment, the company used debt obligations from Bitmain in the amount of $67 million.

Last fall, two subsidiaries of Iris Energy announced a technical default. They failed to fulfill obligations totaling $103 million.