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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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.

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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

Iris Energy Announces Monthly Investor Update for March 2023

Iris Energy Limited (NASDAQ:IREN) has issued an update on the installation of its 5.5 EH/s of bitcoin mining capacity. The company has increased its operating hashrate, essentially the speed at which bitcoin is mined, from 2.0 EH/s to a current level of 2.8 EH/s.

Iris Energy continues to boost bitcoin mining capacity toward 5.5 EH/s

Iris Energy Limited (NASDAQ:IREN) announced that, following the start of installation of its newly-acquired miners, it has increased its operating hashrate to a current level of 2.0 exahashes per second (EH/s), which is part of the company's recently-announced increase in self-mining capacity to 5.5 EH/s.   The sustainable Bitcoin mining firm said an additional 0.8 EH/s of miners have been delivered and are in various stages of unboxing, transportation between sites and installation, while the remaining 2.7 EH/s of miners are in transit with progressive deliveries scheduled between now and the end of March with the majority expected to be operational shortly thereafter.

Iris Energy boosts Bitcoin mining capacity; completes Salvare Station switchyard

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Iris Energy Limited (NASDAQ:IREN) said it has commenced taking delivery of and installing miners in respect of its ramp-up to 5.5 EH/s of operating capacity. Delivery of the remaining miners is expected by the end of March, with the majority of these miners expected to be operational shortly thereafter, Iris said in a statement.

Iris Energy commences miner installation for ramp-up to 5.5 EH/s of operating capacity

Iris Energy commences 5.5 EH/s installation

Iris Energy Commences 5.5 EH/s Installation and Confirms No Deposits with Silicon Valley Bank, Silvergate Capital, or Signature Bank

Iris Energy Limited (NASDAQ:IREN) said it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s, with newly acquired miners set to be installed at its data centers over the coming months. In its monthly investor update for February, the company highlighted that it had successfully utilized remaining prepayments of US$67 million under its 10 EH/s contract with Bitmain, including a concurrent sale of 2.3 EH/s of the remaining 6.7 EH/s contracted miners to a third party, to acquire 4.4 EH/s of new S19j Pro miners without any additional cash outlay.

Iris Energy highlights progress in self-mining capacity in monthly investor update

Increasing self-mining capacity from 2.0 EH/s to 5.5 EH/s

Iris Energy Announces Monthly Investor Update for February 2023

For Iris Energy Limited (NASDAQ:IREN) co-founder and co-CEO Daniel Roberts, the decision to create and run a Bitcoin mining company powered by 100% renewable energy in partnership with his brother Will was a simple one.  “It's a really unique dynamic where we've got similar views on Bitcoin, life, and business, but slightly different personalities,” Daniel told Proactive.

Iris Energy is a sustainable Bitcoin mining company positioned to capitalize on the next bull run

Iris Energy Limited (NASDAQ:IREN)'s recently announced three-way deal reached with application-specific integrated circuit (ASIC) chip producer Bitmain and a third party is a big recovery step for the Bitcoin miner after a challenging year for the digital assets sector, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF). In a note to clients, analysts wrote that with Bitcoin solidly off its recent bottom, they had started to see deal activity across the Bitcoin mining sector pick up.

Iris Energy to be ‘nicely profitable' over next 12 months on operating basis as Bitcoin miner ramps up to 5-plus EH capacity, analysts say

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Iris Energy Limited (NASDAQ:IREN) told investors it expanded its data centre capacity in British Columbia by more than five times to 160 megawatts (MW) across three sites during the three months to end-December 2022. Releasing second-quarter results, the sustainable Bitcoin mining company said the growth came despite "a challenging year for the digital assets industry as well as broader equity markets.

Iris Energy expands capacity in 2Q despite 'challenging year' for digital assets

Iris Energy Limited (NASDAQ:IREN ) Q2 2023 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Lincoln Tan - Senior Manager, Corporate Finance Daniel Roberts - Co-Founder & Co-Chief Executive Officer Belinda Nucifora - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright Joseph Vafi - Canaccord Josh Siegler - Cantor Fitzgerald Chase White - Compass Point Trading & Research Reggie Smith - JPMorgan Operator Greetings.

Iris Energy Limited (IREN) Q2 2023 Earnings Call Transcript

SYDNEY, Australia, Feb. 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 reported its financial results for the three and six-months ended December 31, 2022. All $ amounts are in United States Dollars (“USD”) unless otherwise stated.

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