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.

Iris Energy Limited (NASDAQ:IREN) issued an update regarding the legal proceedings related to its limited recourse equipment financing arrangements. The Supreme Court of British Columbia issued a decision that reaffirms Iris Energy's position that the bitcoin it mines is not considered collateral in securing equipment financing facilities.

Iris Energy considers appealing Supreme Court of British Columbia decision

SYDNEY, Australia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“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 to the legal proceedings related to its limited recourse equipment financing arrangements.

Limited recourse equipment financing update

Australia-based, US-listed bitcoin mining data centre company Iris Energy Limited (NASDAQ:IREN) mined 423 bitcoins in July 2023, generating US$12.66 million in revenues for an average of US$29,939 per bitcoin. Though one percent fewer bitcoins were mined compared to June, operating revenues increased 9% due to the increase in bitcoin spot prices.

Iris Energy's bitcoin mining revenues surge in July

Record data center operations at 111°F (44°C) Appointment of Sunita Parasuraman to Board of Directors SYDNEY, Australia, Aug. 03, 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 July 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Jul-23 Average operating hashrate (PH/s) 5,562 Bitcoin mined 423 Mining revenue (US$'000) 12,660 Electricity costs (US$'000) 6,552 Revenue per Bitcoin (US$) 29,939 Electricity costs per Bitcoin (US$) 15,494 Corporate: Record data center operations at 111°F (44°C) intake temperatures Maintained stable hashrate through extreme temperatures Demonstrates Iris Energy's industry-leading data centers Further validates proprietary air-cooled data center design Appointment of Sunita Parasuraman to Board of Directors Senior technology executive, previous experience with Meta (Facebook), VMware, Genentech, and Apple Operations (for the month of July 2023): Average operating hashrate of 5,562 PH/s (flat vs.

Iris Energy Announces Monthly Investor Update for July 2023

Iris Energy Limited (NASDAQ:IREN) has announced the appointment of senior technology executive, Sunita Parasuraman, to its board of directors, where she will also serve as chair of the Audit and Risk Committee. In a statement, David Bartholomew, independent chair of Iris Energy, commented: “We are excited that Ms.

Iris Energy appoints senior technology executive to its board

SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“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 appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee.

Iris Energy Announces Appointment of Sunita Parasuraman to Board of Directors

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Iris Energy Limited (NASDAQ:IREN) announced that it has achieved a record average operating hashrate of 5.6 exahashes per second (EH/s) during June 2023, along with monthly operating revenue of US$11.7 million. The sustainable Bitcoin mining company said it mined 428 Bitcoins in June while generating $27,211 in revenue for each Bitcoin mined.

Iris Energy sees record operating hashrate in June 2023

Further validation of revitalized HPC strategy Record operating hashrate of 5.6 EH/s Expansion plan to 9.1 EH/s SYDNEY, Australia, July 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 June 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Jun-23 Average operating hashrate (PH/s) 5,587 Bitcoin mined 428 Mining revenue (US$'000) 11,653 Electricity costs (US$'000) 5,572 Revenue per Bitcoin (US$) 27,211 Electricity costs per Bitcoin (US$) 13,011 Corporate: Prior high-performance computing (“HPC”) data center strategy revitalized Recent discussions with prospective HPC partners (e.g.

Iris Energy Announces Monthly Investor Update for June 2023

Iris Energy Limited (NASDAQ:IREN) has announced plans to expand its green energy-powered Bitcoin mining operation to 9.1 exahashes per second (EH/s) and revitalize its high-performance computing (HPC) data center strategy. Phase 1 of construction is underway at the company's facility in Childress, Texas to add 80 Megawatts (MW) in the form of four 20 MW data centers.

Iris Energy kicks off construction to ram up its Bitcoin mining to 9.1 EH/s1 by early 2024

SYDNEY, Australia, June 20, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced its expansion plan to 9.1 EH/s and revitalization of its high-performance computing (“HPC”) data center strategy, and provided a limited recourse equipment financing update.

Iris Energy Announces 9.1 EH/s Expansion Plan and Revitalization of HPC Strategy

Iris Energy Limited (NASDAQ:IREN) has released its monthly investor update for May, revealing bitcoin mining operations that have grown significantly month-over-month.  The company mined 508 bitcoin in May, up 59% from April, generating monthly operating revenue of US$13.5 million, a 50% increase.

Iris Energy Limited ramps up Bitcoin mining hash rate

Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 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 May 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 May-23 Average operating hashrate (PH/s) 5,510 Bitcoin mined 508 Mining revenue (US$'000) 13,526 Electricity costs (US$'000) 6,056 Revenue per Bitcoin (US$) 26,628 Electricity costs per Bitcoin (US$) 11,922 Corporate: Increased average operating hashrate by 39% to 5.5 EH/s Investor update held on May 10, fully-funded expansion to 6.5 EH/s announced Raymond Chabot Grant Thornton LLP appointed as new auditor Further ordinary shares acquired by a director, Mr.

Iris Energy Announces Monthly Investor Update for May 2023

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SYDNEY, Australia, May 22, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of a new accounting firm.

Iris Energy Announces Appointment of New Accounting Firm

Iris Energy Limited (NASDAQ:IREN ) Investor Update Conference Call May 10, 2023 5:00 PM ET Company Participants Lincoln Tan - Senior Manager, Corporate Finance Daniel Roberts - Co-Founder & Co-Chief Executive Officer Conference Call Participants Lincoln Tan Good afternoon to those of you in North America, and good morning to those of you in Australia, and welcome to the Iris Energy Investor Update. My name is Lincoln Tan, Senior Manager of Investor Relations.

Iris Energy Limited (IREN) Investor Update Conference Call Transcript

Iris Energy said it increased its Bitcoin creation in April by 85% from the previous month, mining 319 Bitcoin. In its monthly investor update, the company said its average operating rate increased 107% month-over-month to 3,965 PH/s in April while its monthly operating revenue more than doubled, up 109% at US$9 million.

Iris Energy more than doubles monthly operating revenue on increased Bitcoin mining in April

Increase in self-mining capacity to 5.5 EH/s complete First 20MW Childress data center operational Investor update call to be held on May 10 SYDNEY, Australia, May 05, 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 April 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Apr-23 Average operating hashrate (PH/s) 3,965 Bitcoin mined 319 Mining revenue (US$'000) 9,037 Electricity costs (US$'000) 4,184 Revenue per Bitcoin (US$) 28,331 Electricity costs per Bitcoin (US$) 13,118 (12,563 adj) 3 Corporate: Increased operating hashrate by 118% to 5.5 EH/s (as at May 3) Investor update call to be held on May 10, 2023 US$18.4m AEP refund received New R&D initiatives underway Further ordinary shares acquired by a director, Mr.

Iris Energy Announces Monthly Investor Update for April 2023

SYDNEY, Australia, May 03, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“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 provide an update on its strategic priorities on May 10, 2023 Eastern Time, after the market close.

Iris Energy to Provide Investor Update on May 10, 2023

Iris Energy Limited (NASDAQ:IREN) has provided an update on the installation of its 5.5 exahashes per second (EH/s) of operating capacity, saying it has increased its operating hashrate from 4.6 EH/s to a current level of 5.2 EH/s. The sustainable Bitcoin mining company also noted that all remaining 0.3 EH/s of miners have been delivered and are pending installation.

Iris Energy continues to boost its operating hashrate

5.2 EH/s operating, remaining 0.3 EH/s pending installation First 20MW Childress data center operational

Iris Energy provides 5.5 EH/s installation update

Iris Energy Limited (NASDAQ:IREN), a sustainable Bitcoin miner, said it has increased its operating hashrate from 3.6 EH/s to 4.6 EH/s, having announced in February that it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s. The remaining 0.9 EH/s of miners have been delivered and are pending installation, the company said in a statement.

Iris Energy increases operating hashrate at Bitcoin data centers

Iris Energy Limited (NASDAQ:IREN) has provided an update on the installation of its 5.5 exahashes per second (EH/s) of operating capacity, saying it has increased its operating hashrate from 3.1 EH/s to a current level of 3.6 EH/s. The sustainable Bitcoin mining company also noted that all remaining 1.9 EH/s of miners have now been delivered and are pending installation.

Iris Energy boosts its operating hashrate; says Childress substation energized

Iris Energy Limited (NASDAQ:IREN) said in March it mined 173 bitcoin at an average operating hashrate of 1,912 PH/s, up 11% from February, while its mining revenue surged 22% from February $4.3 million. Releasing its corporate update for March, the company said electricity costs were nearly $2.2 million.

Iris Energy mined 173 bitcoin in March as capacity ramps up

Operating capacity increased by 79% to 3.1 EH/s

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