Business
IREN increases Childress power capacity from 600MW to 750MW
SYDNEY, July 24, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading
About this update from Iren Limited
[{"type":"text","content":"SYDNEY, July 24, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, \"IREN\" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. The Company is pleased to announce it has secured an additional 150MW of immediately available power capacity at its Childress site. This increase follows the approval of network studies by ERCOT and execution of an amended connection agreement with AEP. This increases the Company’s total secured grid-connected power capacity to 2,310MW. 2024: 910MW immediately available power 510MW of data centers planned in 2024 (30 EH/s)910MW of data centers planned in 2025 2026: 1,400MW West Texas site on schedule Data center planning underway 2027-2030: >1GW of additional development pipeline About IREN IREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/s in 2024. Operations since 2019.AI Cloud Services: providing cloud compute to AI customers, 816 NVIDIA H100 GPUs. Operations since 2024.Next-Generation Data Centers: 260MW of operating data centers, expanding to 510MW in 2024. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications.Technology: technology stack for performance optimization of AI Cloud Services, Bitcoin Mining and energy trading operations.Development Portfolio: 2,310MW of secured power capacity across North America, >1,000 acre property portfolio and additional development pipeline.100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs): targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities. Contacts MediaJon Snowball Domestique +61 477 946 068Danielle GhiglieraAircover Communications+1 510 333 2707InvestorsLincoln Tan IREN+61 407 423 395 [email protected] To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts. Forward-Looking Statements This investor update includes “forward-looking statements” within the meaning of the Private Securities Litigation Re...