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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
IREN (Iris Energy ) announced the expansion of its AI cloud services agreement with poolside, increasing the cluster size from 248 to 504 NVIDIA H100 GPUs. The contract includes an additional 4-month term starting in mid-April 2024, with an option for a further 2-month extension. The partnership showcases IREN's commitment to providing high-performance technology for AI and data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
Tags
AI
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Rhea-AI Summary
IREN, a leading data center business, released its March 2024 investor update. Key highlights include Bitcoin mining operations, AI cloud services, data center expansions, and financial metrics. The company reported increased mining revenue, expansion plans to 20 EH/s, and successful negotiations for new capacity. IREN also highlighted its corporate funding, quarterly reporting, and upcoming events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
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none
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News
Rhea-AI Summary
IREN (Iris Energy ) announces the full funding of a 20 EH/s expansion, with 460MW of next-generation data centers. Quarterly reporting to begin immediately. The company raised $301m through an equity program, with significant growth in AI Cloud Services and Bitcoin mining. Construction updates show progress in expanding data center capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.81%
Tags
none
Rhea-AI Summary
IREN, a leading data center business, published its February 2024 investor update. Key highlights include Bitcoin mining, AI cloud services, and data center expansions. Bitcoin mining revenue increased to $15.2m with an operating hashrate of 7 EH/s. The company signed contracts for GPU cloud services and expanded to 816 NVIDIA H100 GPUs. IREN also announced a rebranding from Iris Energy to IREN and reported second-quarter financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.09%
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none
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News
Rhea-AI Summary
Iris Energy Limited (IREN) announces its expansion to 20 EH/s in 2024, with 10 EH/s operational in H1 2024 and plans for the remaining 10 EH/s in H2 2024. The company has secured new Bitmain T21 miners and is expanding its data center capacity by 200MW.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.81%
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none
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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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none
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%
Tags
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%
Tags
AI
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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%
Tags
none
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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none
Iris Energy Ltd

Nasdaq:IREN

IREN Rankings

IREN Stock Data

656.09M
76.37M
11.76%
22.07%
1.87%
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