Iris energy, the Bitcoin miner, doubled its hash rate speed to 2.3 exahash/second (EH/s) after finishing its phase two development at the Mackenzie site in Canada on August 6.
As per the statement given by the firm on August 8, the firm is expecting to add more than 1.4 EH/s at its site in Prince George, Canada by the end of this month, which will increase the energy capacity to 50 megawatts.
Co-founder and co-CEO commented, “ we are working hard to maintain our track record of providing projects on time, despite the current situation of market downturn and ongoing international supply chain issues.”
Moreover, Iris energy is targeting to further increase its operating capacity from 4.3 EH/s to 6 EH/s by the end of this year.
The development of the second phase at Mackenzie was expected to be finished by the end of the third quarter and by the end of the fourth quarter, the firm will operate at the full capacity of 80 megawatts.
The firm sites such as two in Canada and one in Texas are under development.