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Bitcoin Miner Iris Energy Will Nearly Triple Hashrate After Buying 4.4 EH/S in Machines

Bitcoin miner Iris energy bought 4.4 EH/s worth of machines with $67 million in Bitmain prepayments and now expects to nearly triple its hashrate.

The company turned off about 3.6 EH/s worth of machines collateralizing over $100 million in loans in November after getting a default notice from its lender.

The new miners (S19j Pro) will be installed "over the coming months" and bring Iris's hashrate up to 5.5 EH/s, the company said.

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