Hashrate expansion to 20 EH/s in 2024
Company: IREN
What the later record shows
Delivered on time · happened December 31, 2024
IREN reported achieving a 31 EH/s year-end target against an original target of 20 EH/s. Its November 2024 update had already shown 28 EH/s installed at month-end, so the 20 EH/s goal was passed before the deadline; the date shown is the year-end achievement date.
“28 EH/s installed capacity at month- end, up by 33% from 21 EH/s”
2024-12-05 · iren 8-K exhibit (nov2024monthlyupdatevdc.htm) View cached copy (2026-10-24)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 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN said it is expanding its Bitcoin mining capacity to 20 EH/s in 2024, with 20 EH/s targeted for H2 2024. The company said decisions on the Childress expansion and on exercising miner purchase options will be made during 2024, depending on market conditions, shareholder value and funding availability.
Source (primary)
iren 8-K exhibit (ef20022447_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-10)Live source ↗
Quote: “IREN is pleased to provide an update on its expansion to 20 EH/s in 2024”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The February 26, 2024 release states the 20 EH/s expansion and H2 2024 target. Its footnote gives the decision timing and factors for the Childress expansion and miner purchase options.
Confirmed in the source:
- IREN said it is expanding its Bitcoin mining capacity to 20 EH/s in 2024
- IREN's update lists 20 EH/s for H2 2024
- IREN said decisions on the Childress expansion and on exercising miner purchase options will be made during 2024
- IREN said those decisions will take into consideration market conditions, shareholder value and funding availability
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036124009334/ef20022447_ex99-1.htm) in full (12,720 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20022447_ex99-1.htm)
Quote: “IREN is pleased to provide an update on its expansion to 20 EH/s in 2024”
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 (nov2024monthlyupdatevdc.htm)
Quote: “28 EH/s installed capacity at month- end, up by 33% from 21 EH/s”