Fleet efficiency improvement to 17 J/TH
Company: IREN
What the later record shows
Delivered; the record does not say when
By February 2025 IREN reported its current fleet efficiency as 15 J/TH, better than the 17 J/TH target. No passage gives the fleet efficiency at September 30, 2024, so on-time delivery cannot be confirmed.
“15 J/TH fleet efficiency (current) o 3 c/kWh Childress power price (since transition to spot pricing)”
2025-02-11 · iren 8-K exhibit (q2fy25resultspressreleas.htm) View cached copy (2026-10-20)Live source ↗
Checked October 31, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Mining fleet efficiency of 24 J/TH is expected to improve to 17 J/TH by the end of September 2024 as part of the 20 EH/s expansion.
Source (primary)
iren 8-K exhibit (irenjuly2024monthlyupdat.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-31)Live source ↗
Quote: “Current fleet efficiency of 24 J/TH is expected to improve to 17 J/TH by the end of next month as part of the expansion to 20 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 (irenjuly2024monthlyupdat.htm)
Quote: “Current fleet efficiency of 24 J/TH is expected to improve to 17 J/TH by the end of next month as part of the expansion to 20 EH/s”
confirms iren 8-K exhibit (q2fy25resultspressreleas.htm)
Quote: “15 J/TH fleet efficiency (current) o 3 c/kWh Childress power price (since transition to spot pricing)”