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Iris Energy Ltd - IREN STOCK NEWS

Welcome to our dedicated news page for Iris Energy (Ticker: IREN), a resource for investors and traders seeking the latest updates and insights on Iris Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Iris Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Iris Energy's position in the market.

Rhea-AI Summary
Iris Energy Limited, now known as IREN, reported strong financial results for the second quarter of FY24, with plans for significant expansion in 2024. The company is focused on increasing its Bitcoin mining hashrate and expanding its AI cloud services business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.02%
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) announces an expansion to triple its AI cloud services business, purchasing 568 NVIDIA H100 GPUs for $22 million. Growing customer demand drives rapid business growth, enabling training of next-generation AI & LLM workloads with trillions of parameters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.94%
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AI
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) has announced the commencement of GPU cloud services with leading AI company, Poolside AI SAS. The contract is for an initial 3-month term, with an extension option for an additional 3 months at the customer’s election. Poolside closed a $126m seed funding round in mid-2023 and is building the world’s most capable AI for software development. Iris Energy’s cloud technology environment and architecture has now met all of poolside’s rigorous testing requirements, and the cloud service commenced on February 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.79%
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AI
Rhea-AI Summary
Iris Energy Limited, a leading owner and operator of Bitcoin mining data centers, published its monthly investor update for January 2024. The company reported an increase in operating capacity to 6.2 EH/s, with plans to expand to 20 EH/s by 2024. They also provided updates on their expansion projects, financial results, and community engagement activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.29%
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) will release its financial results for the three and six-months ended December 31, 2023, on February 15, 2024, and host a conference call. The company operates Bitcoin mining data centers powered by 100% renewable energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.34%
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) has announced an increase in its operating capacity to 6 EH/s, with plans to expand to 10 EH/s by the first half of 2024 and a pathway to reach 20 EH/s by the second half of 2024. The company is focused on institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy. The update highlights the commencement of installation of miners for the 10 EH/s expansion, with an operating hashrate already increased to 6 EH/s. Additionally, the company has secured a pathway to 20 EH/s through a purchase and fixed price option agreement for an additional 10 EH/s of Bitmain T21 miners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) has announced an agreement with Bitmain Technologies Delaware Limited to increase its self-mining capacity up to 20 EH/s in 2024. The company is focusing on completing the current expansion to 10 EH/s, with additional purchases and options to reach 20 EH/s by the end of the year. The operating capacity is set to increase from the current 5.6 EH/s to 20 EH/s, pending the exercise of miner purchase options. The overall fleet efficiency for 20 EH/s is projected to improve to 21.9 J/TH. The company will make decisions on exercising the miner purchase options based on market conditions, shareholder value, and funding availability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.6%
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Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) is a leading owner and operator of Bitcoin mining data centers. In December 2023, they mined 4,123 BTC, with an average operating hashrate of 5,576 PH/s. The mining revenue was US$17,174, with electricity costs at US$35,926. The expansion to 10 EH/s is fully funded, and the company acquired 1.6 EH/s of new-generation Bitmain T21 miners. They also commissioned NVIDIA H100 GPUs for generative AI and have completed substantial construction at their data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.16%
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News
Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) is a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy. The company has completed a targeted equity raising program, fully funding a 10 EH/s expansion ahead of schedule. Additionally, they are commissioning NVIDIA H100 GPUs targeting generative AI and planning for further growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
38.88%
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none
Rhea-AI Summary
Iris Energy Limited (NASDAQ: IREN) has announced the acquisition of 1.6 EH/s of Bitmain T21 miners to increase self-mining capacity to 10 EH/s. The $22.3 million purchase of 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited will improve overall fleet efficiency from 29.5 J/TH to 24.8 J/TH. The 80MW data center expansion at Childress is on track to support the increase in operating hashrate from 5.6 EH/s to 10 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
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Iris Energy Ltd

Nasdaq:IREN

IREN Rankings

IREN Stock Data

714.71M
73.51M
22.24%
29.32%
4.33%
Data Processing, Hosting, and Related Services
Information
Link
Australia
Sydney

About IREN

iris energy is building a high performance data center platform with access to low-cost renewable energy. our platform is capable of powering multiple high-performance computing applications, including: • bitcoin mining • artificial intelligence • machine learning • genomics & research • farming • rendering & visualization • smart cities (iot) • oil & gas reservoir simulation • weather forecasts