Iris Energy to triple Bitcoin mining capacity with purchase of thousands of new rigs
In recent months, crypto miners have faced multiple challenges, such as low Bitcoin prices, high hash rates, great mining difficulty, and high energy prices
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Iris Energy, a BTC mining company based in Australia, has announced that it will significantly increase its mining capacity by adding thousands of new mining rigs.
Specifically, the company has purchased a large number of Bitmain Antminer S19j Pro ASIC miners, which will add 4.4 exahashes per second (EH/s) to its existing capacity. With this addition, Iris Energy's total self-mining capacity will increase to 5.5 EH/s from its previous capacity of 2.0 EH/s.
The newly purchased Bitmain Antminer S19j Pro ASIC miners have a maximum hash rate of 100 terahashes per second (TH/s), so Iris Energy has effectively added around 44,000 miners to its mining fleet.
This purchase is a major achievement for the company, according to Daniel Roberts, one of its co-founders and co-CEOs. He also noted that the recent period has been difficult for the industry and the market as a whole.
Iris Energy has not specified where the new miners will be installed in its centres, but it has four facilities located in British Columbia, Canada, and Texas, United States.
