Hashrate target 57 EH/s by H2 2025
Company: IREN
What the later record shows
Dropped · happened May 13, 2025
IREN first cut the 57 EH/s target to 52 EH/s in February 2025. In May 2025 it paused mining expansion at 50 EH/s, dropping the higher target.
“Horizon 1 adjusts prior expansion plan from 57 EH/s to 52 EH/s o Large sites, delivering economies of scale”
2025-02-11 · iren 8-K exhibit (q2fy25resultspressreleas.htm) View cached copy (2026-10-20)Live source ↗
“Pausing mining expansion at 50 EH/s, previously 52 EH/s • Reduces near-term hardware capex by $43m”
2025-05-13 · iren 8-K exhibit (q3fy25presentationvf.htm) View cached copy (2026-10-15)Live source ↗
Checked October 21, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN raised its growth target to 57 EH/s of installed hashrate, to be reached by the second half of 2025.
Source (primary)
iren 8-K exhibit (ny20037451x2_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-21)Live source ↗
Quote: “increasing capacity to 57 EH/s by H2 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 (ny20037451x2_ex99-1.htm)
Quote: “increasing capacity to 57 EH/s by H2 2025”
abandons 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”
abandons iren 8-K exhibit (q2fy25resultspressreleas.htm)
Quote: “Horizon 1 adjusts prior expansion plan from 57 EH/s to 52 EH/s o Large sites, delivering economies of scale”