Renewable Bitcoin mining agency Iris Power is about to extend its complete hash charge to 10 exahash per second (EH/s) in 2024 by buying new Bitmain T21 mining rigs.
The corporate introduced that it had acquired a further 1.6EH/s of Bitmain T21 miners, set for supply within the second quarter of 2024. The corporate at the moment has 5.6 EH/s of operational capability as of Dec. 2023.
The latest technology of Chinese language producer Bitmain’s mining {hardware} will even enhance the effectivity of Iris’ operations from 29.5 joules per terahash (J/TH) to 24.8 J/TH. Iris invested $22.3 million within the newest order from Bitmain, pricing the {hardware} at $14 per terahash.
Associated: Iris Power to almost triple hash charge with estimated 44,000 new BTC miners
Iris expects to convey 1.4EH/s of mining output by powering up a earlier order of Bitmain S21 miners within the first quarter. It’s also awaiting a distinct batch of Bitmain T21 miners, rising its capability by 1.3 EH/s.
Iris introduced the 80MW enlargement of its Childress information middle operation in Texas in June 2023. The corporate has indicated that further operational capability will likely be delivered from Jan. 2024 onwards, permitting for the rise in working hash charge as much as 10EH/s because it receives new {hardware} from Bitmain.
The corporate additionally plans to construct one other 100MW of knowledge facilities on the website, which is made doable by offering a further 500MW of energy capability that’s already out there to the operation.
Whereas Iris has primarily been targeted on Bitcoin mining, it has expanded its information middle to service the rising demand for generative synthetic intelligence (AI) computing. Iris invested $10 million in Aug. 2023 to purchase 248 state-of-the-art Nvidia H100 GPUs, which have been set to be delivered by way of the rest of the yr.
The corporate at the moment operates information middle amenities in several websites throughout North America, together with Canal Flats, Mackenzie, Prince George in Canada’s British Columbia, and its Childress website in Texas.
Iris maintains that its 4 operations make 100% use of renewable power, with the respective information facilities drawing energy from a mixture of wind, photo voltaic and hydroelectric energy sources. A disclaimer on its web site notes that its three Canadian websites draw 98% of energy from renewables. The rest of its power use is offset by buying renewable power certificates.
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