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Renewable Bitcoin mining agency Iris Power is about to extend its whole hash charge to 10 exahash per second (EH/s) in 2024 by buying new Bitmain T21 mining rigs.
The corporate introduced that it had acquired an extra 1.6EH/s of Bitmain T21 miners, set for supply within the second quarter of 2024. The corporate presently has 5.6 EH/s of operational capability as of Dec. 2023.
The latest era of Chinese language producer Bitmain’s mining {hardware} may even enhance the effectivity of Iris’ operations from 29.5 joules per terahash (J/TH) to 24.eight J/TH. Iris invested $22.three million within the newest order from Bitmain, pricing the {hardware} at $14 per terahash.
Associated: Iris Power to just about triple hash charge with estimated 44,000 new BTC miners
Iris expects to convey 1.4EH/s of mining output by powering up a earlier order of Bitmain S21 miners within the first quarter. It is usually awaiting a unique batch of Bitmain T21 miners, growing its capability by 1.three EH/s.
Iris introduced the 80MW enlargement of its Childress knowledge heart operation in Texas in June 2023. The corporate has indicated that extra operational capability can be delivered from Jan. 2024 onwards, permitting for the rise in working hash charge as much as 10EH/s because it receives new {hardware} from Bitmain.
The corporate additionally plans to construct one other 100MW of knowledge facilities on the web site, which is made potential by offering an extra 500MW of energy capability that’s already obtainable to the operation.
Whereas Iris has primarily been centered on Bitcoin mining, it has expanded its knowledge heart to service the rising demand for generative synthetic intelligence (AI) computing. Iris invested $10 million in Aug. 2023 to purchase 248 state-of-the-art Nvidia H100 GPUs, which have been set to be delivered by way of the rest of the 12 months.
The corporate presently operates knowledge heart services in several websites throughout North America, together with Canal Flats, Mackenzie, Prince George in Canada’s British Columbia, and its Childress web site in Texas.
Iris maintains that its 4 operations make 100% use of renewable power, with the respective knowledge facilities drawing energy from a mixture of wind, photo voltaic and hydroelectric energy sources. A disclaimer on its web site notes that its three Canadian websites draw 98% of energy from renewables. The rest of its power use is offset by buying renewable power certificates.
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