Iris Energy Ltd

Iris Energy Ltd. operates as a Bitcoin mining company. It builds, owns and operates data centers and electrical infrastructure for the mining of Bitcoin, primarily powered by renewable energy. The company was founded by Daniel Roberts and William Roberts on November 6, 2018 and is headquartered in Sydney, Australia.

Earnings data Q2 2022

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Iris Energy Ltd. engages in operating institutional grade data centers powered by renewable energy. It operates through the Australia and North America geographical segments. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

SYDNEY, Australia, April 29, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. IREN is pleased to announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s.

Operating hashrate increased to 9 EH/s

SYDNEY, Australia, April 08, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.

Poolside upsizes and extends AI Cloud Services contract

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IREN (NASDAQ: IREN), a data center business specializing in Bitcoin mining, and AI, said in its monthly investor update that it successfully mined 353 Bitcoins in March.

Bitcoin halving: IREN mines 353 BTC in March as monthly revenue jumps

SYDNEY, Australia, April 04, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today published a monthly investor update for March 2024.

IREN Announces Monthly Investor Update for March 2024

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20 EH/s expansion fully funded 460MW of next-generation data centers Commencement of quarterly reporting SYDNEY, Australia, April 01, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. 2024 expansion, now fully funded $301m cash, no debt 460MW of data centers and 20 EH/s of Bitcoin mining in 2024 Expansion fully funded, following completion of a targeted ATM equity raising program IREN to commence quarterly reporting immediately Starting from the quarter ending March 31, 2024 Next-generation data centers 460MW of data center capacity in 2024, with land portfolio and executed connection agreements for 2,160MW of power underpinning continued growth across both AI Cloud Services and Bitcoin mining AI Cloud Services 816 NVIDIA H100 GPUs generates an estimated ~$14-17m of annualized hardware profit (~24 month payback) 248 GPUs operating + 568 GPUs now undergoing testing and commissioning at our Prince George data center (which is capable of operating ~30,000 NVIDIA H100 GPUs) Customer negotiations for new capacity in progress Recently presented at NVIDIA GTC, with poolside AI's Co-Founder & CTO joining the stage to highlight the strength of IREN's cloud services capabilities Bitcoin mining 20 EH/s generates ~$269m of annualized hardware profit (post-halving) 8 EH/s currently operating and 12 EH/s additional capacity to be progressively shipped and installed during the next 9 months Childress construction update Phase 1 (first 100MW) – H1 2024 60MW operating, 40MW under construction Supports expansion to 10 EH/s Phase 2 & 3 (next 200MW) – H2 2024 Supports expansion to 20 EH/s Optimized data center design (now 25MW) expediting construction timelines through increased power density per building and constructability improvements Construction underway with ~180 personnel on site Childress (August 2023) 20MW operating data center Childress (March 2024) Expansion to 100MW in H1 2024 nearing completion Expansion to 300MW in H2 2024 underway Assumptions and Notes Cash of $301m reflects USD equivalent, unaudited preliminary cash, cash equivalents and term deposits as of March 29, 2024 plus ATM proceeds to be received first week of April 2024 from shares sold on or prior to March 29, 2024.

20 EH/s expansion fully funded

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SYDNEY, Australia, March 06, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today published a monthly investor update for February 2024.

IREN Announces Monthly Investor Update for February 2024

SYDNEY, Australia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (dba IREN) (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.

IREN provides 20 EH/s expansion update

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Iris Energy, now known as IREN (NASDAQ), recently reported its second-quarter earnings for fiscal year 2024, with mixed results compared to analyst estimates. While the company's EPS of $0.01 fell short of the consensus estimate of $0.02, its revenue of $42 million exceeded expectations, coming in higher than the consensus estimate of $38.09 million.

What's going on with Iris Energy share price?

Iris Energy Limited (IREN) Q2 2024 Earnings Call Transcript

SYDNEY, Australia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of next-generation data centers powered by 100% renewable today reported its financial results for the three and six-months ended December 31, 2023. All $ amounts are in United States Dollars (“USD”) unless otherwise stated.

Iris Energy Reports Second Quarter and Half Year FY24 Results

SYDNEY, Australia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of next-generation data centers powered by 100% renewable energy, today announced an expansion to triple its existing AI cloud services business.

Iris Energy Triples AI Cloud Services Business to 816 NVIDIA H100 GPUs

Iris Energy's (IREN) fiscal second-quarter results are likely to reflect the benefits of increased Bitcoin mined amid high electricity costs.

Iris Energy (IREN) to Post Q2 Earnings: What's in Store?

The average of price targets set by Wall Street analysts indicates a potential upside of 62.3% in Iris Energy Limited (IREN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Iris Energy Limited (IREN) Could Surge 62.29%: Read This Before Placing a Bet

Iris Energy Limited (IREN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Iris Energy Limited (IREN) Surges 23.8%: Is This an Indication of Further Gains?

SYDNEY, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of next-generation data centers powered by 100% renewable energy, today announces commencement of GPU cloud service with leading AI company, Poolside AI SAS (“poolside”).

News for Iris Energy Ltd Stock (IREN)