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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q2 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q1 2024

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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.

Iris Energy Limited (NASDAQ:IREN)'s FY23 financial report revealed a dynamic year marked by substantial growth in the Bitcoin mining sector, ambitious expansion plans, and strategic diversification into emerging technologies. The company's FY23 report reveals substantial growth in Bitcoin mining revenue, capacity expansion, and a strategic move into generative AI.

Iris Energy FY23 results: a deeper look at its Bitcoin mining success

Iris Energy reported FY 2023 results, with profitability since the June update being excellent. The company's access to cheap power in Texas and participation in emergency energy response contributes to lower energy costs. The AI/HPC initiative and potential capacity expansion add to the company's value, making it an attractive investment in the Bitcoin space.

Iris: Good Cash Generation And Energy Advantages Becoming Apparent

Iris Energy Limited (NASDAQ:IREN) has reported record revenue for its 2023 financial year as it increased its operating hashrate and mined more bitcoin. The sustainable bitcoin mining company posted a 28% increase in revenue to $75.5 million for the 12 months ended June 30, up from $59 million a year earlier, noting that the increase came despite a decrease in the average price of bitcoin.

Iris Energy wraps up ‘transformational' year with record revenue

Iris Energy Limited (NASDAQ:IREN ) Q3 2023 Earnings Conference Call September 13, 2023 5:00 PM ET Company Participants Robert Lincoln - Senior Manager, Investor Relations Daniel Roberts - Co-Founder and Co-Chief Executive Officer Belinda Nucifora - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright Will Carlson - Cantor Fitzgerald Joseph Vafi - Canaccord Genuity Nick Giles - B.

Iris Energy Limited (IREN) Q3 2023 Earnings Call Transcript

SYDNEY, Australia, Sept. 13, 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 reported its financial results for the full year ended June 30, 2023. All $ amounts are in United States Dollars (“USD”) unless otherwise stated.

Iris Energy Reports Full Year FY23 Results

CashFlow Hunter discusses the recent settlements and potential liabilities faced by 3M, highlighting the potential negative impact on the company's dividend. CashFlow Hunter remains short on 3M and advises investors to consider buying longer-dated puts to cap potential downside.

Why CashFlow Hunter Is Short 3M And Long Iris Energy

SYDNEY, Australia, Sept. 07, 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 release its financial results for the full year ended June 30, 2023 on Wednesday, September 13, 2023 Eastern Time and host a conference call beginning 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 Release FY23 Results and Host Conference Call on September 13, 2023

Iris Energy Limited (NASDAQ:IREN) paid significantly less for electricity in August 2023 as it benefitted from free electricity at its Childress site in Texas. The Australia-based, US-listed bitcoin mining data centre company said in a statement that it mined 410 bitcoins in August 2023, down from 423 in July, generating US$11.46 million in revenues for an average of US$27,937 per bitcoin.

Iris Energy's benefits from lower electricity charge per bitcoin in August

Negative 8c Power at Childress in August Targeting Next-Gen Compute and Generative AI with NVIDIA H100 GPUs SYDNEY, Australia, Sept. 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 August 2023, containing its results from operations as well as business updates.

Iris Energy Announces Monthly Investor Update for August 2023

Iris Energy is officially entering the AI space with a $10 million investment in GPUs. Interest in AI appears to be diminishing with search interest and web traffic data all showing declines for OpenAI, Midjourney, and Stable AI. As a Bitcoin miner, Iris Energy still operates an efficient fleet and plans to scale to 9.1 EH/s by early 2024.

Iris Energy: Entering The AI Market

NVIDIA

Iris Energy Limited (NASDAQ:IREN) announced that it has purchased 248 of NVIDIA's latest-generation artificial intelligence (AI) H100 GPUs for approximately US$10 million.  The sustainable Bitcoin mining company said the initial purchase is expected to be delivered in the coming months and will allow the company to further assess the appropriateness of its next-generation data centers for servicing adjacent computing markets such as generative AI, as well as demonstrate capability to prospective customers.

Iris Energy buys 248 NVIDIA H100 GPUs to target generative AI market

SYDNEY, Australia, Aug. 29, 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 purchase of NVIDIA's latest-generation artificial intelligence (“AI”) H100 GPUs.

Iris Energy Purchases NVIDIA H100 GPUs to Target Generative AI

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.

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