{"id":88332,"date":"2023-12-15T19:52:34","date_gmt":"2023-12-15T17:52:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88332"},"modified":"2025-09-13T17:22:24","modified_gmt":"2025-09-13T14:22:24","slug":"iris-energy-to-buy-8380-bitcoin-miners-from-bitmain-for-22-3-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/iris-energy-to-buy-8380-bitcoin-miners-from-bitmain-for-22-3-million\/","title":{"rendered":"Iris Energy to buy 8,380 Bitcoin miners from Bitmain for $22.3 million"},"content":{"rendered":"<p>Australian mining company Iris Energy will raise Bitcoin mining capacity to 10 EH\/s after purchasing new miners from Bitmain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24IREN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IREN<\/a> is pleased to announce it is increasing its self-mining capacity to 10 EH\/s <\/p>\n<p>\u2014 Acquisition of 1.6 EH\/s of <a href=\"https:\/\/twitter.com\/BITMAINtech?ref_src=twsrc%5Etfw\">@BITMAINtech<\/a> T21 miners<br \/>\u2014 $22.3m purchase price ($14\/TH)<br \/>\u2014 Expansion from 5.6 EH\/s to 10 EH\/s on track<br \/>\u2014 Improves overall efficiency from 29.5 J\/TH to 24.8 J\/TH<\/p>\n<p>\u2014 Iris Energy (@irisenergyco) <a href=\"https:\/\/twitter.com\/irisenergyco\/status\/1735625734826381521?ref_src=twsrc%5Etfw\">December 15, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company has entered into an agreement with the Chinese manufacturer to purchase 8380 <a href=\"https:\/\/forklog.com\/en\/news\/bitmain-unveils-new-miner-with-190-th-s\">Antminer T21<\/a> for $22.3 million. Shipments are scheduled for the second quarter of 2024.<\/p>\n<p>The miners will cost the company $14 per TH\/s. According to <a href=\"https:\/\/data.hashrateindex.com\/asic-index-data\" target=\"_blank\" rel=\"noreferrer noopener\">Hashrate Index<\/a>, market quotes for devices with energy costs under 25 J\/TH stand at $13.54 per TH\/s at the time of writing.<\/p>\n<p>Iris Energy intends to deploy the new machines at its own facility in Childress, Texas.<\/p>\n<p>In October the company announced the purchase of 7000 <a href=\"https:\/\/forklog.com\/en\/news\/bitmain-to-release-antminer-s21-with-energy-efficiency-below-20-j-th\">Antminer S21<\/a> latest-generation devices for $19.6 million.<\/p>\n<p>Earlier, Iris Energy <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-buys-nvidia-gpus-for-ai-and-mining-for-10-million\">invested $10 million<\/a> in Nvidia GPUs of the latest generation for building generative AI and mining.<\/p>\n<p>In December, Phoenix Group <a href=\"https:\/\/forklog.com\/en\/news\/phoenix-group-seals-380m-deal-with-microbt\">announced a contract worth $380 million<\/a> with the Bitcoin-mining device maker under the Whatsminer brand \u2014 MicroBT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian mining company Iris Energy will raise Bitcoin mining capacity to 10 EH\/s after purchasing new miners from Bitmain.<\/p>\n","protected":false},"author":1,"featured_media":88333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[426,1137,1639],"class_list":["post-88332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmain","tag-cryptocurrency-mining","tag-iris-energy"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88332"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88332\/revisions"}],"predecessor-version":[{"id":88334,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88332\/revisions\/88334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88333"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}