IRIS Energy Expands Capacities in Canada and the U.S.

Australian mining firm IRIS Energy is ramping up operations across Canada and the U.S. Insiders report the company faced steep electricity taxes at home, prompting partial relocation. Over the past year, IRIS Energy has launched two new data centers.

Analysts note that Canada’s cold climate brings added benefits by simplifying miner cooling. Meanwhile, IRIS Energy’s U.S. partners offer flexible rate structures and peak-time curtailment contracts.

Early estimates indicate the new sites will deliver over 200 MW of computing power. Company representatives say this expansion will help maintain IRIS Energy’s strong global standing among miners.