Iris Vitality Restricted is about to extend its self-mining capability by a whopping 25%, up from 5.6 exahashes per second (EH/s) to 7.0 EH/s by buying 1.4 EH/s of the latest-generation Bitmain S21 miners, a strategic partnership with Bitmain Applied sciences Delaware Restricted.
The Bitmain S21 miners are recognized for his or her industry-leading effectivity, working at a powerful 17.5 joules per terahash (J/TH). This elevated effectivity not solely enhances fleet resilience post-halving but in addition improves the capital effectivity of knowledge facilities.
Bitmain S21 Miners Acquisition
The entire buy worth for this growth is $19.6 million, with $16.7 million to be paid earlier than cargo and the remaining $2.9 million deferred for one yr post-shipment. Iris Vitality plans to fund this acquisition via varied sources, together with current capital reserves and working money move.
Moreover, Vitality stays on observe with its 80MW growth at Childress, Texas, and is even eyeing a near-term growth potential of as much as 9.4 EH/s. The agency is clearly making strategic strikes to ascertain a robust presence within the crypto-mining {industry}.
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