According to Odaily Planet Daily, Bitcoin mining company Iris Energy Limited (NASDAQ: IREN) recently disclosed that the company has increased its total computing power to 9 EH/s, and it is expected to reach 10 EH/s by May, and plans to expand to 20 EH/s by the end of the year. In addition, Iris is preparing to increase the efficiency of its mining machines to 21.9 J/T. If the Childress Phase 3 project is completed within this year, an additional 50 megawatts of capacity will be added. By the end of 2024, this expansion will increase the company's data center capacity from 460 megawatts to 510 megawatts. This 50 megawatt increase comes in part from new substation designs, as well as the company's continued enhancement and efficiency of its construction and procurement processes. However, after the halving, mining companies are in a challenging period, because the previous revenue per PH/s per day exceeded $100 (hashprice), and now its expected value has dropped to $48.62. To mitigate some of the losses, miners like Iris have expanded into providing artificial intelligence (AI) computing data services.