Hashrate expansion to 20 EH/s in 2024
Company: IREN
What the later record shows
Delivered on time · happened September 30, 2024
The September 2024 update shows 21 EH/s of operating capacity, already above 20 EH/s. The December update says the raised 31 EH/s year-end target was achieved, against an original target of 20 EH/s.
“Childress (Texas, USA) 200 11.1 Complete Operating Total Operating 360 21”
2024-10-03 · iren 8-K exhibit (irensepmonthlyupdate4oct.htm) View cached copy (2026-10-26)Live source ↗
“31 EH/s year-end target achieved (original target of 20 EH/s), highlight video here”
2025-01-06 · iren 8-K exhibit (irendec2024monthlyupdate.htm) View cached copy (2026-10-21)Live source ↗
Checked November 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN plans to expand its Bitcoin mining capacity to 20 EH/s in H2 2024 through a single-site expansion at Childress, with 10 EH/s of new miners secured via fixed price contracts.
Source (primary)
iren 8-K exhibit (ef20023430_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “H2 2024 (20 EH/s) - 10 EH/s of new miners secured via fixed price contracts 4 , single site expansion at Childress”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The February 2024 update lists 'H2 2024 (20 EH/s)' with 10 EH/s of new miners secured via fixed price contracts and a single-site expansion at Childress. A footnote adds that most of those 10 EH/s are purchase options whose exercise was still to be decided during 2024.
Confirmed in the source:
- IREN plans to expand its Bitcoin mining capacity to 20 EH/s in H2 2024
- The H2 2024 expansion is a single-site expansion at Childress
- 10 EH/s of new miners has been secured via fixed price contracts
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036124011575/ef20023430_ex99-1.htm) in full (16,339 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20023430_ex99-1.htm)
Quote: “H2 2024 (20 EH/s) - 10 EH/s of new miners secured via fixed price contracts 4 , single site expansion at Childress”
confirms iren 8-K exhibit (irendec2024monthlyupdate.htm)
Quote: “31 EH/s year-end target achieved (original target of 20 EH/s), highlight video here”
confirms iren 8-K exhibit (irensepmonthlyupdate4oct.htm)
Quote: “Childress (Texas, USA) 200 11.1 Complete Operating Total Operating 360 21”