Iris Energy Limited announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s. The Company now also expects to achieve 10 EH/s in May 2024. IREN?s fully funded expansion to 20 EH/s in 2024 remains on track, which will improve nameplate fleet efficiency to 21.9 J/TH. Furthermore, the Company now expects to commission an additional 50MW of data center capacity as part of Childress Phase 3 this year.

This increases planned data center capacity from 460MW to 510MW by the end of 2024. The additional 50MW of capacity has been enabled partly through a new substation design, as well as ongoing improvement and optimization of the Company?s construction and procurement process.