IREN increases Childress power capacity from 600MW to 750MW

Core Viewpoint - IREN (Iris Energy Limited) is a leading next-generation data center business focused on Bitcoin mining and AI cloud services, announcing significant updates regarding its operational capacity and strategic growth plans [1][6]. Group 1: Business Operations - The company has secured an additional 150MW of immediately available power capacity at its Childress site, increasing its total secured grid-connected power capacity to 2,310MW [2][6]. - IREN plans to expand its data center operations to 510MW in 2024, with a target of achieving 30 EH/s in Bitcoin mining [3][6]. - The company is also developing AI cloud services, utilizing 816 NVIDIA H100 GPUs to support its operations [3]. Group 2: Future Growth Plans - IREN has outlined a development pipeline that includes 910MW of data centers planned for 2025 and an additional 1,400MW at a West Texas site scheduled for 2026 [6]. - The company anticipates over 1GW of additional development from 2027 to 2030, indicating a strong commitment to expanding its infrastructure [6]. - IREN's strategy emphasizes the use of 100% renewable energy, targeting sites with low-cost and underutilized renewable energy sources [3][6].