Iris Energy Expands Self-mining Capacity — To 5.5...

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

: To reach the 5.5 EH/s target, Iris Energy successfully sold 2.3 EH/s of its remaining contracted miners to a third party, optimizing its fleet for immediate installation in its own data centers. Iris Energy expands self-mining capacity to 5.5...

: By leveraging prepayments and avoiding new debt, the company maintained a strong balance sheet during a volatile market period. : The transaction fully resolved Iris Energy's remaining

The jump to 5.5 EH/s served as the foundation for IREN's rapid scaling through 2024 and beyond: Iris Energy provides 10 EH/s expansion update | IREN The jump to 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