Iris Energy acquires Bitmain miners increasing self-mining capacity to 8.3 EH/s

Iris Energy acquired 1.3 EH/s of Bitmain T21 miners to increase self-mining capacity to 8.3 EH/s. Improves overall fleet efficiency to 25.8 J/TH, with a $14/TH purchase price – $18.6M, with 20% of the purchase price deferred until May 30, 2024; 5.6 EH/s operating, with expansion on track to 10 EH/s. The newly acquired S21s and T21s are scheduled to be shipped during Q1 2024.