2024

Bitcoin

IREN has announced that it is on track to achieve 31 EH/s of installed capacity by the fourth quarter of 2024. This represents a 55% increase from the current 20 EH/s.
Reaching this milestone will enable the company to significantly boost Bitcoin <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">production</a> and strengthen its market position. With an efficiency of 15 J/TH, IREN aims to reduce operational costs and increase profitability.
Experts believe that these plans could attract new investors and enhance the company's market capitalization. IREN continues to invest in advanced technologies to achieve its ambitious goals.

IREN Aims to Reach 31 EH/s Capacity by Q4 2024

Ultramining_Eng

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