Iris Energy Expands Self-mining Capacity To 5.5... 【HOT | OVERVIEW】

: The transaction fully resolved Iris Energy's remaining obligations under its previous 10 EH/s contract with Bitmain.

: By leveraging prepayments and avoiding new debt, the company maintained a strong balance sheet during a volatile market period. Iris Energy expands self-mining capacity to 5.5...

Strategic Milestone: Iris Energy Expands to 5.5 EH/s Iris Energy achieved a major operational milestone in February 2023 by increasing its Bitcoin self-mining capacity from . This expansion was strategically significant because it was funded entirely by utilizing $67 million in existing prepayments to Bitmain, requiring no additional cash outlay from the company. Operational & Financial Impact : The transaction fully resolved Iris Energy's remaining