IREN's Bitcoin computing power has surpassed 50 EH/s, entering the top tier of global mining companies, while simultaneously expanding AI infrastructure

ChainCatcher news, according to The Block, the publicly 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, only behind Marathon Digital (57.3 EH/s), CleanSpark (50 EH/s), and Riot Platforms (33.7 EH/s). In its Texas 750MW mining facility, 650MW has been put into operation, driving a nearly 50-fold increase in computing power within 30 months.

IREN's co-CEO Daniel Roberts stated that the 50 EH/s milestone confirms the efficient delivery capability 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 resilience against market fluctuations.

The AI transformation strategy is also being advanced: the Texas mining facility will build a 50MW liquid-cooled AI data center (Horizon 1), scheduled to be operational in the fourth quarter of 2025. The company adopts a GPU hosting model to serve AI clients and plans to issue $450 million in convertible preferred notes to support its expansion.