Bitcoin Miner IREN Achieves 50 EH/s Hashrate Target, Plans AI Center

Australian bitcoin miner IREN has achieved its midyear hashrate target of 50 exahashes per second (EH/s) in self-mining capacity, up from 31 EH/s at the end of last year. Key details include:

Growth driven by the 750MW site in Childress, Texas.
Focus is now on Horizon 1, a 50MW AI data center set for delivery in Q4.
Higher hashrate increases chances of mining new BTC.
Rival CleanSpark also reached 50 EH/s milestone last month.
IREN's shares closed over 4% higher at $14.57; currently down 4.12% in pre-market trading.

Co-founder Daniel Roberts stated that the company will leverage its execution discipline to scale AI infrastructure in high-growth compute markets.