IREN - Iris Energy stock perks up after boosting mining capacity in Bitmain deal

• Iris Energy ( NASDAQ: IREN ) shares are climbing 3.3% in Monday premarket trading after it reached a deal with Bitmain Technologies to ship 1.7 exahash per second more of contracted S19j Pro miners in August.
• That is expected to boost the company's total mining capacity to 6.0 EH/s from 4.3 EH/s.
• In reference to the additional operating capacity, the eco-friendly bitcoin ( BTC-USD ) miner is working through deployment options across its sites, including the Childress project in Texas.
• Note that the company has $83.3M of remaining payments regarding its additional contracted miners above the 6.0 EH/s of capacity.
• Previously, (June 7) Iris Energy mined 151 bitcoins in May .

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