Self-mining capacity guidance for 2024
Company: IREN
What the later record shows
Delivered; the record does not say when
Self-mining capacity reached 50 EH/s by June 2025, well above 20 EH/s. No passage says whether 20 EH/s was reached during 2024.
“We previously announced a pause in further Bitcoin mining expansion after reaching 50 EH/s of self-mining capacity at our sites in June, 2025.”
2025-08-27 · IREN 10-K filed 2025-08-28 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company has a pathway to increase self-mining capacity to up to 20 EH/s in 2024.
Source (primary)
IREN 6-K filed 2024-01-16 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “which provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the Bitmain agreement 'provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024,' which matches the claim.
Confirmed in the source:
- Iris Energy announced on January 16, 2024 an agreement with Bitmain that provides a pathway to increase its self-mining capacity
- The pathway is to increase self-mining capacity up to 20 EH/s
- The capacity increase pathway relates to 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036124002189/ef20018887_6k.htm) in full (12,791 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2024-01-16
Quote: “which provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024”
confirms IREN 10-K filed 2025-08-28
Quote: “We previously announced a pause in further Bitcoin mining expansion after reaching 50 EH/s of self-mining capacity at our sites in June, 2025.”