• TEXT= DATE: 16.07.2025 SoulboundTV  |  IDO  | Social
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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IREN bitcoin mining

IREN’s bitcoin mining milestone highlights 50 EH/s achievement and growing AI ambitions

https://icn.live/wp-content/uploads/2025/07/IREN-bitcoin-mining.mp3
  • by ICN.live
Leila Al-Khatib

IREN’s bitcoin mining milestone marks a major achievement in the competitive crypto mining landscape.

The company has reached 50 EH/s in self-mining capacity, joining top players like MARA and CleanSpark. This milestone was made possible by IREN’s massive 750MW Childress site in Texas, with 650MW already operational.

This puts IREN at roughly 6% of the total Bitcoin network hashrate, which stands at 842 EH/s. The Nasdaq-listed miner achieved this rapid growth in just 30 months. Its organic expansion of nearly 50x shows IREN’s execution strength and scalability. The company now ranks as the fourth-largest public bitcoin miner by market value.

While others hoard bitcoin, IREN takes a different approach. It sells bitcoin daily to maintain balance sheet health. This strategy ties performance directly to operations and helps manage market volatility. Its cost to mine one BTC is about $41,000, giving it a solid edge when bitcoin trades above $100,000.

IREN’s efficiency and resilience attract attention

IREN uses 15 J/TH machines and relies on renewable energy to keep costs low. This energy-efficient setup, combined with vertical integration, ensures the company can weather market cycles. Their recent hardware refresh has also minimized capital expenditure needs in the near term.

With 50 EH/s now live, IREN is poised to leverage its infrastructure for new ventures. The company’s only external financing is through convertible notes, preserving financial flexibility. Its future strategy includes exploring opportunities beyond bitcoin mining.

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IREN’s bitcoin mining milestone paves the way for AI expansion

IREN isn’t just sticking to crypto. It’s stepping into the AI infrastructure space. The company plans to deliver a 50MW liquid-cooled AI data center by Q4 2025. This will be part of its Horizon 1 project, built at the same Childress site.

Although bitcoin mining hardware doesn’t support AI workloads, the supporting infrastructure does. IREN uses its sites to host GPUs for clients, taking advantage of existing power contracts and advanced cooling systems. This pivot to AI reflects a broader trend among miners like Core Scientific.

The milestone not only confirms IREN’s leadership in mining but also signals its readiness for future tech revolutions. As AI and crypto collide, companies with flexible infrastructure are best placed to thrive.

IREN stands strong in changing the mining landscape

Recent heatwaves caused a major drop in mining difficulty, the biggest since China’s 2021 ban. Yet IREN continues to shine by combining technical excellence with financial discipline. Its success story proves how innovation and scale can drive growth even in volatile markets.

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What does IREN’s 50 EH/s milestone mean?

IREN’s achievement of 50 EH/s in self-mining capacity means it can compute 50 quintillion hashes per second. This puts IREN among the most powerful bitcoin miners globally. It accounts for around 6% of the entire Bitcoin network’s power, reflecting massive influence and competitiveness. The scale enables efficient mining and higher profitability, especially when bitcoin prices are strong. This level of capacity also shows IREN’s strong execution in building infrastructure and scaling rapidly.

How does IREN remain efficient while scaling?

IREN uses renewable energy and high-efficiency ASIC machines that operate at 15 J/TH. It also vertically integrates its operations to control costs and streamline processes. Selling bitcoin daily reduces balance sheet risk and ties performance directly to production. With a cost of $41,000 per BTC and strategic hardware investments, IREN maintains a lean and resilient model suited to volatile markets.

Why is IREN moving into AI infrastructure?

While ASIC machines used in bitcoin mining can’t perform AI tasks, the underlying infrastructure—like power, sites, and cooling—can. IREN is using this foundation to build GPU-hosting data centers for AI clients. Its upcoming 50MW liquid-cooled AI center is part of a strategy to capture value from growing compute demands, particularly from the AI and machine learning sectors.

How does IREN compare to other miners like MARA and CleanSpark?

IREN now matches CleanSpark at 50 EH/s and trails slightly behind MARA at 57.3 EH/s. It outpaces Riot and Core Scientific in hashrate, though those firms may lead in market cap. IREN’s edge lies in its efficiency, financial discipline, and readiness for AI expansion. Its flexible and modern infrastructure makes it a standout in the rapidly evolving crypto mining space.

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