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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IREN 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, 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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Iris Energy Limited (NASDAQ:IREN) announced that it is increasing its self-mining capacity by 25% from 5.6 exahashes per second (EH/s) to 7.0 EH/s through the acquisition of about 7,000, or 1.4 EH/s, of the latest-generation Bitmain S21 miners.  The sustainable Bitcoin mining company said the $19.6 million purchase price will consist of $16.7 million to be paid before shipment, with the remaining 15% of the purchase price being deferred until one year after shipment.

Iris Energy reveals big boost in Bitcoin mining capacity

SYDNEY, Australia, Oct. 06, 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 increasing its self-mining capacity by 25% from 5.6 EH/s to 7.0 EH/s. Key Highlights Acquisition of 1.4 EH/s of latest-generation Bitmain S21 miners Self-mining capacity increasing by 25% to 7.0 EH/s Leading 17.5 J/TH efficiency to improve resilience post-halving $19.6 million purchase price ($14/TH)1 – $2.9 million deferred until one year after shipment Expected to be installed at the Company's site in Childress, Texas Near-term expansion increased to 9.4 EH/s2 Iris Energy has partnered with Bitmain Technologies Delaware Limited (“Bitmain”) to acquire approximately 7,000 latest-generation Bitmain S21 miners.

Iris Energy Increases Mining Capacity by 25% to 7.0 EH/s

After losing some value lately, a hammer chart pattern has been formed for Iris Energy Limited (IREN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Iris Energy Limited (IREN) Could be Great Choice for a Bottom Fisher

Iris Energy Limited (NASDAQ:IREN) said in its monthly update that its plan to add another 80MW to its Childress bitcoin mining operation in Texas is continuing on track. The construction of the remaining 80MW, or four data centers of 20MW each, for Phase 1 of Iris Energy's expansion is progressing as planned.

Iris Energy steadily advancing 80MW expansion at Childress bitcoin mining operation

Low-cost power, 30 EH/s Bitcoin mining program 80MW expansion at Childress on track SYDNEY, Australia, Oct. 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 August 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Sep-23 Average operating hashrate (PH/s) 5,554 Bitcoin mined 390 Mining revenue (US$'000) 10,278 Electricity costs (US$'000)3 5,354 Revenue per Bitcoin (US$) 26,331 Electricity costs per Bitcoin (US$) 13,717 Low-cost power, primed for significant growth 1.4c power at Childress since inception4 30 EH/s Bitcoin mining program5 Next-gen compute / generative AI Childress construction (Phase 1, first 100MW) Concrete foundations for second and third data centers complete Primary steel structure for second data center complete Upcoming conferences October 16: AFR Cryptocurrency Summit, Sydney October 30-31: AIM Summit, Dubai Corporate update Full year FY23 results On September 13, Iris Energy reported financial results for the full year ended June 30, 2023.

Iris Energy Announces Monthly Investor Update for September 2023

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