Iris Power acquires 8,380 miners for $22.3 million, aiming for 10 EH/s mining capability.
Iris Power Restricted, a pc utility firm based mostly in Australia, has confirmed the procurement of 8,380 T21 miners from Bitmain Applied sciences Delaware Restricted in a Dec. 15 press launch.
The price of the miners is alleged to be $22.3 million, which shall be payable in incremental funds.
According to the Firm’s goal to increase its self-mining capability to 10 EH/s, it’s price noting the present working capability stands at 5.6 EH/s.
Upcoming shipments to succeed in this aim will embody 1.4 EH/s of Bitmain S21 miners scheduled for Q1 2024 and 1.3 EH/s of Bitmain T21 miners slated for Q1 2024. Moreover, a cargo of 1.6 EH/s of Bitmain T21 miners is anticipated in Q2 2024.
In keeping with the announcement, the addition of the newly acquired S21 and T21 miners, as soon as operational, is anticipated to reinforce general fleet effectivity from 29.5 J/TH to 24.8 J/TH.
Regardless of Bitcoin mining growing in problem since September, on Dec. 10, Bitcoin (BTC) witnessed a 0.96% lower in mining problem, aligning with a median hashrate of 462.60 EH/s. This shift occurred amid a Bitcoin worth downturn, reaching $40,500 on the night time of Dec. 11.
This adjustment instantly impacts the anticipated halving date, anticipated in April 2024.
