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.

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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.

Operating capacity increased to 6.2 EH/s 20 EH/s plan for 2024 SYDNEY, Australia, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for January 2024, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Jan-24 Average operating hashrate (PH/s) 5,642 Bitcoin mined 341 Mining revenue (US$'000) 14,466 Electricity costs (US$'000)3 6,376 Revenue per Bitcoin (US$) 42,436 Electricity costs per Bitcoin (US$) 18,705 H1 2024 – expansion to 10 EH/s ongoing Operating capacity increased from 5.6 EH/s to 6.2 EH/s as of February 6, 2024 3.8 EH/s to be shipped and installed in coming months 0.9 EH/s of Bitmain S21 miners to be shipped shortly Overall fleet efficiency to improve to 24.8 J/TH H2 2024 – pathway from 10 EH/s to 20 EH/s 1 EH/s of Bitmain T21 miners purchased 9 EH/s of additional Bitmain T21 miner purchase options at $14/TH Overall fleet efficiency to improve to 21.9 J/TH Childress construction progress Phase 1 (expansion to 10 EH/s) – on track for H1 2024 Phase 2-3 (expansion to 20 EH/s) – site civils & procurement underway for H2 2024 completion Corporate update  During the month, the Company provided updates on its near-term expansion to 10 EH/s and pathway to 20 EH/s in 2024.

Iris Energy Announces Monthly Investor Update for January 2024

SYDNEY, Australia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced that it will release its financial results for the three and six-months ended December 31, 2023, on Thursday, February 15, 2024 USA Eastern Time and will host a conference call beginning at 5:00 p.m. USA Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://investors.irisenergy.co/events-and-presentations

Iris Energy to Release Second Quarter and Half Year FY24 Results and Host Conference Call on February 15, 2024

SYDNEY, Australia, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy today provided an update on its near-term expansion to 10 EH/s, as part of a pathway to 20 EH/s. 10 EH/s expansion – H1 2024 The Company is pleased to advise that it has commenced installation of miners for its expansion to 10 EH/s, with operating hashrate increased to 6 EH/s.

Iris Energy provides 10 EH/s expansion update

SYDNEY, Australia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced it is has entered into an agreement with Bitmain Technologies Delaware Limited (“Bitmain”) which provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024.

Iris Energy Secures Pathway to 20 EH/s in 2024 Via Miner Purchase Option

10 EH/s expansion fully funded Construction ahead of schedule SYDNEY, Australia, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for December 2023, containing its results from operations as well as business updates. Key Highlights 1 4,123 BTC mined in calendar year 2023 Key metrics 2 Dec-23 Average operating hashrate (PH/s) 5,576 Bitcoin mined 399 Mining revenue (US$'000) 17,174 Electricity costs (US$'000)3 5,926 Revenue per Bitcoin (US$) 43,056 Electricity costs per Bitcoin (US$) 14,858 Expansion to 10 EH/s fully funded Acquisition of 1.6 EH/s of new-generation Bitmain T21 miners for $14/TH4 during the month, increasing self-mining capacity to 10 EH/s Expansion from 5.6 EH/s to 10 EH/s: Delivered progressively from January 2024 Improves overall fleet efficiency from 29.5 J/TH to 24.8 J/TH Fully funded following targeted equity raising program High-performance compute update Commissioning of NVIDIA H100 GPUs targeting generative AI underway Childress construction (Phase 1, first 100MW) DC 2: construction substantially complete and majority of data center energized ready for miners DC 3: building and miner racking installation complete; electrical installation ongoing DC 4: building structure complete and cladding ongoing DC 5: concrete foundations complete; building structure delivered to site Corporate update Mining capacity increased to 10 EH/s On December 15, 2023, the Company announced the acquisition of 1.6 EH/s of new-generation Bitmain T21 miners for $14/TH4 ($22.3 million), payable in progressive instalments.

Iris Energy Announces Monthly Investor Update for December 2023

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NVIDIA H100 GPU Installation for Generative AI SYDNEY, Australia, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy today provided a business update. Key Highlights 10 EH/s expansion now fully funded following completion of targeted equity raising program Expansion ahead of schedule; commissioning and energization activities for DC 2 underway NVIDIA H100 GPUs targeting generative AI being commissioned Planning underway for additional growth (~H2 2024) Site Capacity (MW) Capacity (EH/s) Status Canal Flats (BC, Canada) 30 0.8 Operating Mackenzie (BC, Canada) 80 2.6 Operating Prince George (BC, Canada) 50 1.6 Operating Childress, DC 1 (Texas, USA) 20 0.6 Operating Total Operating 180 5.6   Childress, DC 2 (Texas, USA) 20 1.1 Commissioning Underway Childress, DC 3 (Texas, USA) 20 1.1 Electrical Installation Ongoing Childress, DC 4 (Texas, USA) 20 1.1 Building Structure Complete Childress, DC 5 (Texas, USA) 20 1.1 Concrete Foundations Ongoing Total Operating & Construction 260 10.0           10 EH/s expansion update Data center commissioning at Childress is progressing ahead of schedule, with commissioning and energization activities for DC 2 underway.

10 EH/s Equity Raising Program Complete

SYDNEY, Australia, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the acquisition of 1.6 EH/s of Bitmain T21 miners to increase self-mining capacity to 10 EH/s.

Iris Energy Increases Mining Capacity to 10 EH/s

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Expansion on track to 10 EH/s New 1,400MW data center development site in West Texas SYDNEY, Australia, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for November 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Nov-23 Average operating hashrate (PH/s) 5,551 Bitcoin mined 369 Mining revenue (US$'000) 13,714 Electricity costs (US$'000)3 5,730 Revenue per Bitcoin (US$) 37,155 Electricity costs per Bitcoin (US$) 15,524 Expansion on track to 10 EH/s 4 Acquired 1.3 EH/s of new-generation Bitmain T21 miners (19 J/TH) $14/TH5 purchase price, with 20% deferred Improves overall fleet efficiency to 25.8 J/TH Self-mining capacity expanded to 8.3 EH/s 5.6 EH/s operating 1.4 EH/s Bitmain S21 miners (Q1 2024) 1.3 EH/s Bitmain T21 miners (Q1 2024) Investor update conference call Cloud and colocation customer conversations underway New 1,400MW data center development site in West Texas (late 2026 expected in-service date) Childress construction (Phase 1, first 100MW) DC 2: racking and electrical installation ongoing DC 3: structure complete; racking and electrical installation commenced DC 4: concrete foundations complete; building structure commenced DC 5: concrete foundations commenced Corporate update Expansion on track to 10 EH/s On November 30, 2023, the Company announced the acquisition of 1.3 EH/s of new-generation Bitmain T21 miners for $14/TH5 ($18.6 million), of which 20% is deferred.

Iris Energy Announces Monthly Investor Update for November 2023

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Iris Energy Limited (NASDAQ:IREN) has announced the acquisition of 7,000 new-generation T21 miners from Bitmain Technologies Delaware Limited for a purchase price of $14 per terahash (TH), or $18.6 million, increasing self-mining capacity to 8.3 exahashes per second (EH/s).  The sustainable Bitcoin mining company said 20% of the purchase price is deferred until May 30, 2024, with the balance payable in progressive instalments prior to shipping.

Iris Energy acquires Bitmain T21 miners; boosts mining capacity to 8.3 EH/s

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Expansion on track to 10 EH/s SYDNEY, Australia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the acquisition of 1.3 EH/s of Bitmain T21 miners to increase self-mining capacity to 8.3 EH/s. Key Highlights 1.3 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH) Improves overall fleet efficiency to 25.8 J/TH $14/TH purchase price ($18.6 million), with 20% deferred Self-mining capacity expanded to 8.3 EH/s: 5.6 EH/s operating 1.4 EH/s Bitmain S21 miners (Q1 2024) 1.3 EH/s Bitmain T21 miners (Q1 2024) Expansion on track to 10 EH/s Iris Energy is acquiring 7,000 new-generation T21 miners from Bitmain Technologies Delaware Limited for a purchase price of $14/TH ($18.6 million).

Iris Energy Increases Mining Capacity to 8.3 EH/s

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SYDNEY, Australia, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced that it will host an investor update conference call including time for Q&A on Tuesday, November 21, 2023 at 5:00 p.m. USA Eastern Time. The webcast will be recorded, and the replay will accessible shortly after the event at https://investors.irisenergy.co/events-and-presentations

Iris Energy to Host an Investor Update Call on November 21, 2023

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Iris Energy Limited (NASDAQ:IREN) said during October it mined 376 Bitcoin for mining revenue of $11.16 million or $29,673 per Bitcoin, up from $10.3 million in the previous month. During the month, the company achieved an average operating hashrate of 5,571 PH/s, up from $5,554 PH/s in September.

Iris Energy reports $11.2M in Bitcoin revenue for October

Partnership with WEKA to optimize generative AI workloads Near-term expansion on track to 9.4 EH/s SYDNEY, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for October 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Oct-23 Average operating hashrate (PH/s) 5,571 Bitcoin mined 376 Mining revenue (US$'000) 11,159 Electricity costs (US$'000)3 5,868 Revenue per Bitcoin (US$) 29,673 Electricity costs per Bitcoin (US$) 15,604 Partnership with WEKA to optimize generative AI workloads Provides innovative storage solutions for generative AI and performance-intensive workloads Enables optimized GPU-stack storage performance within Iris Energy's data centers Near-term expansion on track to 9.4 EH/s Acquired 1.4 EH/s of latest-generation Bitmain S21 miners Total consideration of $14/TH4 (~$2/TH deferred until one year after shipment) Leading 17.5 J/TH efficiency to improve resilience post-halving Funded from existing capital sources, including cash at bank of ~$64 million5 Childress (Phase 1) construction remains on track, providing near-term expansion to 9.4 EH/s6 Childress construction (Phase 1, first 100MW) DC 1: operating since April 2023 DC 2: racking and electrical installation commenced DC 3: structure and internal framing commenced DC 4: concrete foundations commenced DC 5: earthworks complete Corporate update Partnership with WEKA to optimize generative AI workloads On October 24, 2023, the Company announced it is partnering with WEKA, the data platform software provider for performance-intensive workloads, as part of its entry into the generative AI market.

Iris Energy Announces Monthly Investor Update for October 2023

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Iris Energy Limited (NASDAQ:IREN) said it has formed a partnership with WEKA as part of its entry into the generative AI market, using WEKA's Data Platform to provide storage and data management solutions. The bitcoin mining company said WEKA's software-defined, hybrid cloud-based data architecture is expected to provide a high-performance solution for GPU optimization.

Iris Energy partners WEKA for entry into generative AI market

SYDNEY, Australia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced it is partnering with WEKA , the data platform software provider for performance-intensive workloads, as part of its entry into the generative AI market.

Iris Energy Partners with WEKA to Optimize Generative AI Workloads

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