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Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein

The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.

Alta Novella's turbine room with 40 ASIC bitcoin miners.
Iris Energy has committed most of Childress site to expansion of bitcoin mining: Bernstein. (Sandali Handagama/CoinDesk)