Bitmain S21 XP miner purchase (~10.5 EH/s) shipping Oct-Nov 2024
Company: IREN
What the later record shows
Delivered; the record does not say when
The September 2024 quarterly report says operations use S21 XP miners, and hashrate later rose to 31 EH/s. No passage confirms the 39,000 units shipped in October–November 2024; payments were still outstanding into 2025.
“Our Bitcoin mining operations currently utilize the Bitmain S19j Pro miners, S19 XP miners, T21 miners, S21 miners S21 Pro miners and S21 XP miners”
2025-03-19 · iren 8-K exhibit (irenlimited-exx992sep2024x.htm) View cached copy (2026-10-18)Live source ↗
“As of March 31, 2025, we have paid $181.1 million relating to the August 2024 Agreement, and the remaining balance of $45.3 million”
2025-05-13 · iren 8-K exhibit (irenlimited-exx994mar2025.htm) View cached copy (2026-10-15)Live source ↗
Checked October 29, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On 19 August 2024 IREN entered a firm purchase agreement with Bitmain for approximately 39,000 S21 XP miners (approximately 10.5 EH/s) at $21.5/TH, with a total contracted cost of $226,395,000 payable in instalments. The miners are scheduled to ship in October and November 2024.
Source (primary)
iren 8-K exhibit (irenfy24annualreportaus.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-29)Live source ↗
Quote: “purchase approximately 39,000 Bitmain S21 XP miners (approximately 10.5 EH/s) at a price of $21.5/TH. The purchased miners are scheduled to be shipped in October and November 2024.”
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 (irenfy24annualreportaus.htm)
Quote: “purchase approximately 39,000 Bitmain S21 XP miners (approximately 10.5 EH/s) at a price of $21.5/TH. The purchased miners are scheduled to be shipped in October and November 2024.”
confirms iren 8-K exhibit (irenlimited-exx994mar2025.htm)
Quote: “As of March 31, 2025, we have paid $181.1 million relating to the August 2024 Agreement, and the remaining balance of $45.3 million”
confirms iren 8-K exhibit (irenlimited-exx992sep2024x.htm)
Quote: “Our Bitcoin mining operations currently utilize the Bitmain S19j Pro miners, S19 XP miners, T21 miners, S21 miners S21 Pro miners and S21 XP miners”