Iris Energy Secures 600MW Connection for Texas Bitcoin Mine

Iris Energy Secures 600MW Connection for Texas Bitcoin Mine
Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday.The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas.Iris Energy paid $19 million for the security deposit and the connection fee, the filing said. The data centers in Texas are expected to be energized in Q1 2023, said the miner.Iris Energy has secured a 300 acre freehold site in the Texas Panhandle, the state’s northernmost region, which will be connected directly…