20 EH/s illustrative annualized hardware profit ~$269m
Company: IREN
The claim, verbatim
IREN estimates that 20 EH/s would generate about $269m of annualized hardware profit after the halving, on illustrative assumptions.
Source (primary)
iren 8-K exhibit (ef20026073_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “20 EH/s generates ~$269m of annualized hardware profit (post-halving)”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The update gives the ~$269m post-halving figure, and footnote 5 labels it an illustrative annualized hardware profit with stated assumptions.
Confirmed in the source:
- IREN estimates 20 EH/s would generate about $269m of annualized hardware profit
- The estimate is post-halving
- The estimate rests on illustrative assumptions
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036124017811/ef20026073_ex99-1.htm) in full (16,971 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20026073_ex99-1.htm)
Quote: “20 EH/s generates ~$269m of annualized hardware profit (post-halving)”