IREN increases capacity by 33% to 28 EH/s

IREN (IREN) has increased its installed self-mining capacity by 33% to 28 EH/s. 31 EH/s expansion update: IREN has increased its installed capacity from 21 EH/s to 28 EH/s following the energization of its Childress Phase 3 substation. Childress Phase 3 construction is near complete and IREN expects to achieve 31 EH/s of installed capacity this month. Miner inventory: sufficient inventory on-site to achieve 31 EH/s: Construction:4 data center buildings complete, energized and hashing; 2 data center buildings remaining, finalization of internal fit-out and progressive completion expected this month IREN’s continued delivery against its 31 EH/s expansion target, best-in-class fleet efficiency and low electricity costs positions the business as a large scale, low-cost producer with an all-in cash cost per Bitcoin of ~$29k. Accelerating expansion to 50 EH/s in H1 2025: IREN continues to invest in accretive growth and is accelerating its growth trajectory to 50 EH/s and 810MW of data centers in H1 2025, underpinned by: Single site expansion at Childress, through Childress Phase 4 & 5 with earthworks and foundation works ongoing; Site teams and processes in place to continue cadence of constructing approximately 50MW of data centers per month; S21 Pro miners previously secured.