Mining expansion paused at 50 EH/s, cutting hardware capex by $43m
Company: IREN
The claim, verbatim
IREN is pausing further mining expansion at 50 EH/s instead of the previously planned 52 EH/s, which it says reduces near-term hardware capex by $43m, in order to focus on liquid-cooled AI data centers.
Source (primary)
iren 8-K exhibit (q3fy25presentationvf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “Pausing mining expansion at 50 EH/s, previously 52 EH/s • Reduces near-term hardware capex by $43m”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The presentation says IREN is pausing at 50 EH/s instead of 52 EH/s and that this cuts near-term hardware capex by $43m. It also says IREN is 'Focusing on additional liquid-cooled AI data centers'.
Confirmed in the source:
- IREN is pausing further mining expansion at 50 EH/s
- The previous plan was 52 EH/s
- IREN says the pause reduces near-term hardware capex by $43m
- IREN says the pause is to focus on liquid-cooled AI data centers
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884825000043/q3fy25presentationvf.htm) in full (46,276 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (q3fy25presentationvf.htm)
Quote: “Pausing mining expansion at 50 EH/s, previously 52 EH/s • Reduces near-term hardware capex by $43m”