Daniel Roberts, Iris Energy co-founder, said the firm had energized the ability on time “despite this market scenery and current international offer chain challenges.” 



Australian Bitcoin miner Iris Energy said it had increased its hash rate to over 2.3 exahashes per second following the completion of section 2 of its operations in Mackenzie, Canada. 

In a Mon announcement, Iris Energy said it had brought 41 megawatts of operating capacity within the British Columbia municipality on-line roughly 2 months ahead of schedule, adding 1.5 EH/s to its existing hash rate. additionally, the Bitcoin (BTC) labourer expects to bring another 50 MW on-line in aristocrat martyr by the tip of the third quarter of 2022, increasing its operative capability to 3.7 EH/s. 

Iris Energy co-founder and co-CEO Daniel Roberts said the firm had energized the facility on schedule “despite this market scenery and ongoing international offer chain challenges.” The firm planned to deploy extra miners in August to extend its total hash rate to 6 EH/s. 

The mining firm secured $19.5 million in equity funding and $3.9 million in debt during a pre-IPO funding round in Dec 2020, and shares started commercialism on the NASDAQ in November 2021. At the time of publication, the value of shares was $5.30, having up by roughly 12% within the last twenty four hours.

( Turner Wright, Cointlelegraph, 2022 )