According to ChainCatcher, crypto mining company Iris Energy has reached an agreement with Bitmain to purchase 7,000 latest-generation Antminer S21 devices for $19.6 million, which are expected to be delivered in early 2024. Of the total transaction amount, Iris Energy will prepay $16.7 million before shipment and will pay the remaining $2.9 million, with a maximum extension of one year.
Iris Energy plans to deploy the mining machines at its own facility in Childress, Texas. The data center continues to be modernized with the goal of increasing its capacity from the current 20 MW to 80 MW.
Iris Energy's short-term plan is to increase the hashrate of this facility to 9.7 EH/s. In the future, this indicator should reach 30 EH/s. The Antminer S21 batch will increase Iris Energy's hashrate by 1.4 EH/s. The company also intends to receive Antminer S19 XP devices from Bitmain.