Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024.
Iris Energy Expands Mining Capacity and AI Cloud Services
Iris Energy Limited (Nasdaq: IREN) reported record financial results for the fiscal year ending June 30, 2024, with notable improvements across several metrics. The company achieved a record adjusted EBITDA of $54.7 million, a substantial increase from $1.4 million in the previous year.
This growth was driven by a surge in bitcoin mining revenue, which reached $184.1 million, up from $75.5 million in fiscal year 2023. The increase in revenue is attributed to an expanded operating hashrate and favorable bitcoin prices. In its operational highlights, Iris Energy further revealed that it had increased its self-mining capacity from 5.6 EH/s to 10 EH/s during the fiscal year.
The company’s transition to spot pricing for electricity in August 2024 is expected to optimize its power costs, further enhancing profitability. Iris Energy’s recent purchase of 10.5 EH/s of Bitmain S21 XP Antminers supports its goal of achieving 30 EH/s by the end of 2024, with the first shipments scheduled for October and November.
Iris secured the miners at a purchase price of $21.5 per terahash, with 20% of the payment deferred until nine months after shipping. Looking ahead, Iris Energy is not only focusing on bitcoin (BTC) mining but is also continuing to explore opportunities in the artificial intelligence (AI) cloud services market. The company has secured 816 Nvidia H100 GPUs to expand its AI offerings, generating $3.1 million in revenue in FY24.
What do you think about Iris securing a fresh batch of miners from Bitmain and new Nvidia GPUs? Share your thoughts and opinions about this subject in the comments section below.
cheapest clomiphene pills can you get cheap clomiphene online clomiphene cycle how can i get cheap clomiphene can you get cheap clomid online get clomiphene without insurance can i buy clomid without prescription zei:
Proof blog you procure here.. It’s obdurate to assign elevated quality belles-lettres like yours these days. I honestly comprehend individuals like you! Take care!!
I’ll certainly carry back to skim more.
buy azithromycin medication – generic floxin order metronidazole 400mg sale
cost rybelsus 14mg – cyproheptadine 4 mg generic buy generic periactin
domperidone usa – flexeril for sale online order flexeril generic
cheap inderal 10mg – order methotrexate 2.5mg generic methotrexate usa
amoxil ca – brand ipratropium 100mcg ipratropium for sale
buy zithromax paypal – order generic tinidazole order bystolic 20mg pills
augmentin 625mg drug – atbio info buy ampicillin tablets
order nexium 20mg – nexiumtous esomeprazole pills
buy warfarin sale – https://coumamide.com/ buy hyzaar online
meloxicam online – mobo sin cost mobic
order generic deltasone 20mg – asthma cheap prednisone
top ed drugs – ed pills otc best ed pills
purchase amoxicillin pill – combamoxi.com buy amoxil without prescription
purchase fluconazole online cheap – click buy forcan for sale
buy cenforce 50mg generic – https://cenforcers.com/# purchase cenforce pill
tadalafil liquid review – pastillas cialis cialis substitute
buy ranitidine 150mg without prescription – https://aranitidine.com/ buy zantac 150mg
buy cialis tadalafil – tadalafil lowest price what is tadalafil made from
Thanks on putting this up. It’s understandably done. this
viagra buy in bangkok – 100mg sildenafil is it legal to order viagra from canadian
More posts like this would persuade the online elbow-room more useful. prednisone cost walmart
This is the amicable of topic I enjoy reading. https://ursxdol.com/amoxicillin-antibiotic/
This is the type of enter I find helpful. https://prohnrg.com/product/cytotec-online/
With thanks. Loads of expertise! https://aranitidine.com/fr/lasix_en_ligne_achat/
I’ll certainly bring back to be familiar with more. https://ondactone.com/simvastatin/