Iris Energy Limited (NASDAQ:IREN) has mentioned its 160MW of knowledge heart capability is just not affected by the current cryptocurrency mining suspension announcement by the Authorities of British Columbia.
On December 21, 2022, the Authorities of British Columbia (BC) introduced a short lived 18-month suspension on new and early-stage BC Hydro connection requests from cryptocurrency mining initiatives as a consequence of unprecedented curiosity.
Based on the BC authorities’s launch, cryptocurrency mining initiatives which might be operational, and a small variety of initiatives which might be properly superior in BC Hydro’s connection course of, won’t be affected, Iris Power mentioned.
READ: Iris Energy reiterates plan to weather crypto storm and capitalize on next bull run in November investor update
Consequently, the corporate’s 160MW of knowledge heart capability at Canal Flats (30MW), Prince George (50MW) and Mackenzie (80MW) is unaffected.
Iris Power mentioned it seems to be ahead to persevering with to work with BC Hydro and native communities in respect of its present information facilities and any further improvement initiatives the corporate might pursue sooner or later.
In parallel, it mentioned, building of the primary 20MW information heart at its 600MW challenge in Childress, Texas stays on observe, with the corporate persevering with to progress improvement works throughout its globally diversified pipeline of future websites.
Iris Power is a sustainable Bitcoin mining firm that helps the decarbonization of power markets and the worldwide Bitcoin community.
Contact the creator at jon.hopkins@proactiveinvestors.com
