Iris Energy Executes Transformational 600MW Connection Agreement With AEP Texas, Increasing Power Capacity to 765MW (~22 EH/s¹). US$19m Security Deposit and Connection Fee Paid, Procurement and Construction Activities Underway. - Seite 2
Site Overview |
Capacity (MW) |
Capacity (EH/s) |
Timing | Status |
Canal Flats (BC, Canada) | 30 | 0.7 | Complete | Operating |
Mackenzie (BC, Canada) | 50 | 1.5 | Q2-Q3 2022 | Under construction |
Prince George (BC, Canada) |
50 | 1.4 | Q3 2022 | Under construction |
35 | 1.0 | 2023 | Under construction | |
Panhandle (Texas, USA) |
100 | 3.0 | Q4 20223 | Under construction |
265 | 7.6 | 2023 | Under construction | |
Total (miners secured) | 530 | 15.2 | ||
Panhandle (Texas, USA) | 235 | ~71 | Potential capacity | |
Total (potential expansion) | 765 | ~221 |
Iris Energy is currently working with global partners on the design, procurement and construction of the Texas facility, with the electrical connection expected to be completed during Q1 2023.
Additional miners may be procured in due course to utilize the potential 235MW of surplus capacity at this site.
The project is expected to employ up to 50 personnel when fully operational and approximately 100 personnel during construction. The local Texas county is expected to benefit from the flow on effects of both operations and construction, including Iris Energy’s policy of purchasing locally where it makes sense to do so.
The Company has a number of additional sites (all targeting abundant and/or under-utilized renewable energy) in Canada, USA and Asia-Pacific under varying stages of site due diligence, design & engineering, and electrical connection submissions. Further details will be provided in due course, including as and when any development sites transition to the construction phase.
About Iris Energy
Lesen Sie auch
Iris Energy is a sustainable Bitcoin mining company that supports local communities, as well as the decarbonization of energy markets and the global Bitcoin network.