Iris Energy Limited provided an update on its near-term expansion to 10 EH/s, as part of a pathway to 20 EH/s. The Company announced that it has commenced installation of miners for its expansion to 10 EH/s, with operating hashrate increased to 6 EH/s. The remaining 4 EH/s is expected to be commissioned in H1 2024. As previously announced, the Company has also secured a pathway to 20 EH/s in 2024, following a purchase and fixed price option agreement for an additional 10 EH/s of Bitmain T21 miners.