Mathisen Marketing

Your Marketing Blog

Australia-Based Iris Energy Doubles Its Operating Capacity

Australia-Based Iris Energy Doubles Its Operating Capacity

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Australian miner Iris Energy doubles its hash count.

Iris Energy, an Australian Bitcoin mining company founded in 2018, has reportedly increased its hash rate, the computing power used to validate blockchains. 2.3 exits per second.

According to a Press release distributed on August 8, the company is added 41 megawatts of Bitcoin miners in British Columbia. The news comes more than a month before the planned introduction of such technology.

Did you know?

Want to be smarter and richer with crypto?

Subscribe – We publish new crypto explainer videos every week!

The company claims that thanks to these innovations, it is “roughly doubled its performance by more than 2.3 EH/s”.

Although the mining numbers are already high, the company is planning to add even more power to its hash rate. At the end of September, Iris Energy is scheduled to add another 1.4 EH/s, which will require 50 MW of energy in Prince George, BC (Canada).

The Bitcoin (BTC) the mining company aims to increase its total capacity to 3.7 EH/s by the end of September. reach 6.0 EH/s at the end of the year.

The increasing hash rate is important in securing the network. As the hash rate increases, so does the number of validators. Therefore, it ensures the security of the network.

Daniel Roberts, co-founder and CEO of Iris Energy, was pleased that the company managed to increase its computing power on time “despite the current market situation and ongoing international supply chain challenges”.

In December 2020, Iris Energy received $19.5 million in equity financing and $3.9 million in debt during a pre-IPO funding round.

Gile K. - cryptanalyst

by Gile K. – Crypto Analyst, BitDegree


Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • The Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949

    The Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase (Bloomberg) — The bond market collapse is only getting worse, with no clear end in sight. Bloomberg’s most read As central banks around the world aggressively raise interest rates in the face of stubbornly high inflation, prices are falling as […]

    Read More

  • Derivatives Positions Leading To One Direction

    Derivatives Positions Leading To One Direction

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Amid the volatile Bitcoin (BTC) trading pattern lately, traders are waiting for the next big move. While the cryptocurrency is down nearly 4% over the past week, Bitcoin is up about 3% over the past 24 hours. This explains the […]

    Read More

  • Bitcoin Price Analysis: 19231 Big BTC Level

    Bitcoin Price Analysis: 19231 Big BTC Level

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase BTC/USD Signaling Pain: Technical Analysis by Sally Ho – 24/09/2022 Bitcoin (BTC/USD) extended the recent sideways in the early stages of trading Asian as the session continues in orbit the 19231 area, a level which represents 76.4% tracking from heritage […]

    Read More