Bitcoin mining firm Iris Energy is expanding its fleet ahead of the halving expected to take place next year.
According to the statement made by Iris Energy today, in line with the agreement it made with Bitmain, the company received approximately 7 thousand will buy a mining device.
The mining company will ensure that the devices it will purchase are the latest models. From Bitmain S21s announced that it would occur. Thanks to these devices, Iris Energy has achieved today’s 5.6 EH/s production capacity increase by 25%, to 7 EH/s will take it out.
Devices to Iris Energy early 2024 it will be delivered. Before these devices were delivered to Bitmain, the company $16.7 million; One year after devices are received $2.9 million will pay.
Bitmain’s S21 model devices are known for their advanced efficiency. According to Iris Energy management, these devices are resilience to the next halving can provide.
Bitcoin halving occurs approximately every four years and the next To be held in April 2024 Waiting. Miners’ block reward after this halving From 6.25 BTC to 3.125 BTC will decline.
Iris Energy, which plans to expand its mining facilities at the beginning of 2024, will increase its production capacity in the near future. It aims to increase it to 9.4 EH/s.