Iris Energy Expands Self-mining Capacity To 5.5... -

: The transaction fully resolved Iris Energy's remaining obligations under its previous 10 EH/s contract with Bitmain.

: All new capacity is powered by 100% renewable energy infrastructure across sites in British Columbia and Texas. Infrastructure & Execution Iris Energy expands self-mining capacity to 5.5...

: The expansion utilized Bitmain Antminer S19j Pro miners, which operate at an efficiency of 29.5 J/TH . : The transaction fully resolved Iris Energy's remaining

Strategic Milestone: Iris Energy Expands to 5.5 EH/s Iris Energy achieved a major operational milestone in February 2023 by increasing its Bitcoin self-mining capacity from . This expansion was strategically significant because it was funded entirely by utilizing $67 million in existing prepayments to Bitmain, requiring no additional cash outlay from the company. Operational & Financial Impact Strategic Milestone: Iris Energy Expands to 5

The jump to 5.5 EH/s served as the foundation for IREN's rapid scaling through 2024 and beyond: Iris Energy provides 10 EH/s expansion update | IREN

: As of March 2023, the company had already reached 2.0 EH/s in operating hashrate, with the remaining 3.5 EH/s scheduled for rapid installation following delivery. Future Scaling Beyond 5.5 EH/s

: To reach the 5.5 EH/s target, Iris Energy successfully sold 2.3 EH/s of its remaining contracted miners to a third party, optimizing its fleet for immediate installation in its own data centers.