|Location||Canal Flats, British Columbia (Canada)|
|Power Capacity||30MW (0.8 EH/s)|
|Connectivity||Dual physical fiber paths|
|Employment||20 direct full-time jobs|
Iris Energy’s first operating site is located in Canal Flats (population 600) in the Canadian Rockies, 100km from Cranbrook regional airport (population 20,000) and 500km east of Vancouver.
Situated on a 10-acre freehold site owned by Iris Energy, the facility has full fiber connectivity and a fabrication workshop that supports the broader Iris Energy business. The highly skilled management team has significant experience in the management and operation of the data centers, which is being leveraged for the build-out of Iris Energy’s data center platform across British Columbia and Texas.
The site is connected to the BC Hydro network (69kV) via a 30MW on-site substation also wholly owned by Iris Energy.
Operations commenced in 2019 with an initial 6MW of our first generation of data centers, subsequently expanding with improved data center designs to reach full operations at 30MW by October 2021.
The proprietary data centers currently have capacity for ~9,000 S19J Pro miners generating ~0.8 EH/s of hashrate (when fully operational) and support approximately 20 direct full-time local jobs in Canal Flats.
The facility will generate long-term revenue streams for Canal Flats and the local community over the multi-decade expected life of the business. Iris Energy has committed to purchasing locally and contracting with local businesses where it is possible and makes sense to do so.
The site is connected to the BC Hydro transmission network and powered by 100% renewable energy, currently approximately 97% sourced from clean or renewable sources as reported by BC Hydro (primarily from hydroelectricity) and 3% sourced from the purchase of RECs.
Declining industrial demand over the past couple of decades and additional renewable generation capacity has resulted in BC Hydro having excess generation compared to load and Iris Energy’s data centers can absorb some of this excess capacity, which under the regulatory model applicable in British Columbia has the benefit of reducing rates for other BC Hydro customers.