Iris Power (IREN) energized 41 megawatts (MW) of Bitcoin mining machines in British Columbia, Canada greater than a month forward of schedule.
The addition brings the corporate’s hashrate, or computing energy on the bitcoin community, to 2.3 exahash/second (EH/s), it mentioned in a Monday press launch. One other 1.4 EH/s, requiring 50MW of power capability, additionally in British Columbia, is scheduled to be up and operating by the top of September, it mentioned.
Rack area has been a serious constraint for bitcoin miners, a lot of whom have acquired mining rigs however have nowhere to plug them in because of development delays.
Iris Power “continues to work by means of deployment choices for its remaining 2.3 EH/s of miners,” together with 1.7 EH/s of Bitmain Antminer S19j Professionals it purchased from Bitmain earlier this month.
Shares of Iris Power rose greater than 10% on Nasdaq.