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Bitcoin mining company Iris Energy has doubled its hashrate to 2.3 exahash per second (Eh/s) and, according to a statement released on Monday, expects to add an additional 1.4 Eh/s (or 50 megawatts of power) to its mining platform by the end of the month. facility in Prince George, Canada.
This will increase the overall hashrate of the organization to 3.7 EH/s.
We are very pleased that we are continuing to deliver projects on schedule despite the current market situation and current international supply chain challenges,” said co-founder and CEO Daniel Roberts.
Iris Energy recently announced that it will increase its expected total operating power from 4.3 Eh/s to 6.0 Eh/s by the end of the year.
Initially, the second phase of the Mackenzie facility was expected to be completed by the end of the third quarter of this year. It should reach full capacity (80 MW) by the end of the fourth quarter.
The company also has a number of sites under development, two in Canada and one in Texas.
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