Bitcoin

IREN has announced an increase in its installed capacity to 20 EH/s with an efficiency of 16 J/TH. This is a significant milestone in the Bitcoin mining sector.
The capacity boost will allow IREN to enhance productivity and strengthen its position among leading crypto <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a>. The company previously stated plans to reach 31 EH/s in Q4 2024.
With increased capacity, IREN can utilize resources more efficiently, reducing costs and increasing profitability. Investors have responded positively to the news, anticipating a rise in the company's revenues.

IREN Increases Installed Capacity to 20 EH/s with 16 J/TH Efficiency

Ultramining_Eng

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