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IREN Bitcoin Computing Power has surpassed 50 EH/s, ranking among the top tier of global mining enterprises, while simultaneously expanding AI infrastructure.
CoinVoice has recently learned that, according to The Block, the listed Bitcoin mining company IREN announced that its self-operated Bitcoin Computing Power has reached 50 EH/s, accounting for about 6% of the total network Computing Power (842 EH/s), achieving its mid-year goal. This Computing Power scale ranks fourth in the industry, behind Marathon Digital (57.3 EH/s), CleanSpark (50 EH/s), and Riot Platforms (33.7 EH/s). In its Texas 750MW Mining Farm, 650MW has been put into production, driving a nearly 50-fold rise in Computing Power within 30 months.
IREN co-CEO Daniel Roberts stated that the 50 EH/s milestone confirms the efficient delivery capabilities of energy and data center infrastructure. The company's Bitcoin mining cost in the second quarter was $41,000 per coin, benefiting from 15 J/TH energy-efficient equipment and renewable energy advantages. The current Bitcoin price is approximately $106,542, and the low-cost structure provides it with market volatility resistance.
The AI transformation strategy for simultaneous advancement has been launched: the Texas Mining Farm will build a 50MW liquid-cooled AI data center (Horizon 1), planned to be operational in Q4 2025. The company adopts a GPU hosting model to serve AI clients and intends to issue $450 million in convertible preferred notes to support expansion.