Bitcoin mining target cut from 57 to 52 EH/s
Company: IREN
The claim, verbatim
IREN plans to expand Bitcoin mining from 31 EH/s to 52 EH/s, reducing its prior 57 EH/s expansion plan to make room for Horizon 1.
Source (primary)
iren 8-K exhibit (q2fy25resultspressreleas.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-20)Live source ↗
Quote: “Expand Bitcoin mining from 31 EH/s to 52 EH/s ... Horizon 1 adjusts prior expansion plan from 57 EH/s to 52 EH/s”
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 (q2fy25resultspressreleas.htm)
Quote: “Expand Bitcoin mining from 31 EH/s to 52 EH/s ... Horizon 1 adjusts prior expansion plan from 57 EH/s to 52 EH/s”