This implements https://github.com/bitcoin/bips/pull/2116, which repurposes 24 version bits as extra nonce space for miners rather than soft fork deployment coordination. 24 bits allows a miner to perform up to 72 PH before needing a fresh job from its controller. The current 16 bits in use by miners only allow up to 280 TH, which apparently led some ASIC designers to start rolling the timestamp field on their beefier machines.
Mailing list discussion available here. A previous shot at this is #13972 (with a smaller extranonce space).