What You Need to Know

• IREN Limited has successfully achieved its mid-year target of 50 exahashes per second (EH/s) in installed self-mining capacity.
• This represents an increase from 31 EH/s at the end of the previous year, supported by IREN’s 750MW facility located in Childress, Texas.
• The company’s new focus is on Horizon 1, a 50MW AI data center at the same site, projected for completion in Q4 this year.

Summary

The Australian-based bitcoin miner IREN (IREN) announced reaching its midyear hashrate target of 50 EH/s. With growth from 31 EH/s at year-end, the company credits its success to the robust Childress, Texas site. As part of its future strategies, IREN is directing its efforts toward the AI data center, aiming for operational capabilities in the upcoming quarter.

Daniel Roberts, co-founder of IREN, stated, “With 50 EH/s of mining expansion complete, we’re now turning to our next frontier, leveraging the same execution discipline to scale AI infrastructure across high-growth compute markets.”

IREN’s shares on Nasdaq closed up by over 4% at $14.57 on the preceding Monday but were observed to decline 4.12% during pre-market trading.