Iris Energy doubles hash rate after reaching 50 megawatts at Mackenzie site

Quick Take

  • Iris Energy doubled its hash rate by completing the second phase of development at its Mackenzie site, in Canada.
  • The miner expects to add an additional 1.4 EH/s by the end of the month at Prince George, Canada.

Bitcoin miner Iris Energy doubled its hash rate to 2.3 exahash per second (EH/s) after completing phase two of its Mackenzie site, in Canada, last Friday.

The company expects to add an additional 1.4 EH/s (or 50 megawatts in energy capacity) by the end of the month at its site in Prince George, Canada, according to a statement on Monday. This will bring its total hash rate up to 3.7 EH/s.

"We are particularly pleased to continue our track record of delivering projects on schedule, despite the current market backdrop and ongoing international supply chain challenges," co-founder and co-CEO Daniel Roberts said.

Iris Energy announced recently that it was increasing its expected total operating capacity from 4.3 EH/s to 6.0 EH/s by the end of the year.

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