IREN increases Childress power capacity from 600MW to 750MW

Core Insights - The company has secured an additional 150MW of power capacity at its Childress site, increasing its total secured grid-connected power capacity to 2,310MW [1][3] - The company plans to expand its data center operations significantly, with 510MW of data centers planned for 2024 and 910MW planned for 2025 [1] - The company is focused on utilizing 100% renewable energy for its operations, positioning itself as a leader in the next-generation data center business for Bitcoin and AI [1] Power Capacity and Data Center Expansion - The company will have 910MW of immediately available power in 2024, with a total of 1,400MW planned for its West Texas site by 2026 [1] - The development pipeline includes over 1GW of additional capacity planned from 2027 to 2030 [1] - The company is expanding its data center infrastructure specifically designed for high-performance and power-dense computing [4] Business Strategy and Operations - The company is involved in Bitcoin mining, aiming to provide security to the Bitcoin network with an expansion to 30 EH/s in 2024 [4] - AI Cloud Services are also part of the company's offerings, with 816 NVIDIA H100 GPUs planned for operations [4] - The company has a development portfolio that includes over 1,000 acres of property and a focus on low-cost renewable energy sources [4]