52 EH/s mining target in 2025
Company: IREN
What the later record shows
Partly delivered
Installed hashrate reached 50 EH/s by June 2025, after which IREN paused expansion at 50 EH/s rather than continuing to 52 EH/s.
“Pausing further mining expansion at 50 EH/s to focus on additional liquid-cooled AI data centers”
2025-05-13 · iren 8-K exhibit (q3fy25resultspressreleas.htm) View cached copy (2026-10-15)Live source ↗
“With 50 EH/s of mining expansion complete, we’re now turning to our next frontier”
2025-06-29 · iren 8-K exhibit (a50ehsupdate_vff.htm) View cached copy (2026-10-11)Live source ↗
Checked October 20, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
With 675MW supporting Bitcoin mining and 75MW redirected to Horizon 1, IREN adjusted its mining expansion plan from 57 EH/s to 52 EH/s and is on track to reach 52 EH/s in 2025.
Source (primary)
iren 8-K exhibit (q2fy25resultspresentatio.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-20)Live source ↗
Quote: “75MW dedicated to Horizon 1, adjusting prior mining expansion plan from 57 EH/s to 52 EH/s On-track for 52 EH/s in 2025”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms iren 8-K exhibit (q2fy25resultspresentatio.htm)
Quote: “75MW dedicated to Horizon 1, adjusting prior mining expansion plan from 57 EH/s to 52 EH/s On-track for 52 EH/s in 2025”