Bitcoin Miner Iris Energy Buys New 4.4 EH/s Mining Machines from Bitmain for $67M Upfront

Bitcoin mining company Iris Energy purchased a new S19j Pro mining machine with a computing power of 4.4 EH/s from Bitmain for an advance payment of 67 million U.S. dollars. The newly acquired mining machine will be installed in the company's data center, and its mining capacity is expected to Almost tripled, from 2.0 EH/s to 5.5 EH/s. Iris Energy is also considering selling any remaining miners with more than 5.5 EH/s self-mining capacity “to reinvest in growth plans and for corporate purposes.”