Iris Energy Limited (NASDAQ:IREN) said it has commenced taking delivery of and installing miners in respect of its ramp-up to 5.5 EH/s of operating capacity.
Delivery of the remaining miners is expected by the end of March, with the majority of these miners expected to be operational shortly thereafter, Iris said in a statement.
160MW of data center infrastructure, supporting about 4.9 EH/s, is available immediately, with the commissioning of the first 20MW at its Childress, Texas facility, supporting the remaining about 0.6 EH/s expected in the coming months, the company added.
Further, in respect of recent market events, the bank confirmed it does not hold deposits with Silicon Valley Bank (SVB), Silvergate Capital, or Signature Bank.
Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.
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