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CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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Bitcoin miner Iris Energy Limited (NASDAQ:IREN) recently announced that it has increased its total Computing Power to 9 EH/s, expects to reach 10 EH/s by May, and plans to expand to 20 EH/s by the end of the year. In addition, the Iris mining rig is ready to increase its efficiency to 21.9 J/t.
Iris also said that an additional 50 megawatts of capacity will be added if Childress Phase 3 is completed later this year. By the end of 2024, this expansion will increase the company's data center capacity from 460 MW to 510 MW. The upcoming 50-megawatt addition is partly due to new substation designs, as well as improvements and efficiencies in the company's construction and acquisition processes.
After Halving, miners are in a rough patch as their expected value drops to $48.62 after previously earning more than $100 per PH/s per day (hash price). To mitigate some of the losses, miners like Iris have expanded to provide artificial intelligence (AI) computing data.
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