IREN to Boost Mining Capacity to 31 EH/s Within Weeks at $29,000 Per Mined Bitcoin

IREN has announced plans to increase its mining capacity to 31 exahashes per second (EH/s) in the coming weeks. The all-in cash cost to mine one Bitcoin will be $29,000, making the operation highly profitable under current market conditions.

This capacity increase will allow the company to significantly expand its mining output and strengthen its position in the global mining market. Investments in cutting-edge equipment and process optimization will be key success factors.

IREN representatives emphasized that this move aligns with their strategic development plan and will maximize profits amid growing demand for Bitcoin.