Iris Energy announced that its 160MW of data center capacity is not affected by the recent announcement by the Government of British Columbia. On December 21, 2022, the Government of British Columbia announced a temporary 18-month suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest. According to the release, cryptocurrency mining projects that are operational, and a small number of projects that are well advanced in BC Hydro’s connection process, will not be affected. As a result, the company’s 160MW of data center capacity at Canal Flats (30MW), Prince George (50MW) and Mackenzie (80MW) is unaffected.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on IREN:
- Iris Energy’s 160MW of Data Center Capacity in British Columbia Not Affected by Recent Government Decision to Temporarily Suspend New and Early Stage Connection Requests for Cryptocurrency Mining
- Iris Energy reports 151 bitcoin mined in November
- Iris Energy Announces Monthly Investor Update for November 2022
- Iris Energy to host conference call
- Iris Energy to Provide Strategic Update and Host Conference Call on December 6, 2022