: All new capacity is powered by 100% renewable energy infrastructure across sites in British Columbia and Texas. Infrastructure & Execution
: The transaction fully resolved Iris Energy's remaining obligations under its previous 10 EH/s contract with Bitmain.
: By leveraging prepayments and avoiding new debt, the company maintained a strong balance sheet during a volatile market period.
Strategic Milestone: Iris Energy Expands to 5.5 EH/s Iris Energy achieved a major operational milestone in February 2023 by increasing its Bitcoin self-mining capacity from . This expansion was strategically significant because it was funded entirely by utilizing $67 million in existing prepayments to Bitmain, requiring no additional cash outlay from the company. Operational & Financial Impact