● |
600MW binding connection agreement executed with AEP Texas and $19m security deposit and connection fee paid
|
● |
Power capacity expected to increase from 165MW (4.6 EH/s) to 765MW (~22 EH/s1)
|
o |
15.2 EH/s (~530MW) of miners previously secured; and
|
o |
~7 EH/s1 (~235MW) of potential additional capacity
|
● |
~22 EH/s1would represent >10%2 of the total global network hashrate if operating today
|
● |
>300 acre freehold site (100% owned), with direct grid access located in the renewables heavy Panhandle region of Texas, USA
|
● |
Electrical connection expected to be completed during Q1 2023
|
● |
15.2 EH/s execution plan now clear
|
o |
4.6 EH/s (165MW) - operating and under construction (BC, Canada)
|
o |
10.6 EH/s (365MW) - procurement and construction activities underway (Texas)
|
◾ |
3.0 EH/s (100MW) targeted for 20223 |
◾ |
7.6 EH/s (265MW) targeted for 2023
|
● |
15.2 EH/s (~530MW) of miners previously secured; and
|
● |
~7 EH/s1 (~235MW) of potential additional capacity.
|
Site Overview
|
Capacity
(MW)
|
Capacity
(EH/s)
|
Timing
|
Status
|
Canal Flats (BC, Canada)
|
30
|
0.7
|
Complete
|
Operating
|
Mackenzie (BC, Canada)
|
50
|
1.5
|
Q2-Q3 2022
|
Under construction
|
Prince George (BC, Canada)
|
50
|
1.4
|
Q3 2022
|
Under construction
|
35
|
1.0
|
2023
|
Under construction
| |
Panhandle (Texas, USA)
|
100
|
3.0
|
Q4 20223 |
Under construction
|
265
|
7.6
|
2023
|
Under construction
| |
Total (miners secured)
|
530
|
15.2
| ||
Panhandle (Texas, USA)
|
235
|
~71 |
Potential capacity
| |
Total (potential expansion)
|
765
|
~221 |
● |
Focus on low-cost renewables: Iris Energy targets entry into regions where there are low-cost, abundant and attractive renewable energy sources, and where the Company can support local communities
|
● |
Long-term security over infrastructure, land and power supply: Iris Energy owns its electrical infrastructure and data centers, providing security and operational control over its assets. Iris Energy also focuses on grid-connected power access which helps to ensure it is able to utilize a reliable, long-term supply of power
|
● |
Seasoned management team: Iris Energy's team has an impressive track record of success across energy, infrastructure, renewables, finance, digital assets and data centers
|
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Iris Energy Ltd. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 12:12:04 UTC.