IREN to Release FY24 Results on August 28, 2024
Rhea-AI Summary
IREN (NASDAQ: IREN), a leading next-generation data center business, has announced its plans to release financial results for the full year ended June 30, 2024, on Wednesday, August 28, 2024. The company will host a conference call at 5:00 p.m. New York time on the same day.
IREN's business focuses on three main areas:
- Bitcoin Mining: Providing security to the Bitcoin network, with plans to expand to 30 EH/s in 2024
- AI Cloud Services: Offering cloud compute to AI customers with 816 NVIDIA H100 GPUs
- Next-Generation Data Centers: Operating 260MW of data centers, expanding to 510MW in 2024
The company operates on 100% renewable energy and has a development portfolio of 2,310MW secured power capacity across North America.
Positive
- Expansion plans to increase Bitcoin mining capacity to 30 EH/s in 2024
- Operating 816 NVIDIA H100 GPUs for AI Cloud Services
- Data center capacity expanding from 260MW to 510MW in 2024
- Secured 2,310MW of power capacity across North America
- 100% renewable energy usage for operations
Negative
- None.
SYDNEY, Australia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today announced that it will release its financial results for the full year ended June 30, 2024, on Wednesday, August 28, 2024 and host a conference call beginning at 5:00 p.m. New York time.
The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations
| Webcast and Conference Call Details | ||
| Time & Date: | 5:00 p.m. New York time, Wednesday, August 28, 2024 | |
| 7:00 a.m. Sydney time, Thursday, August 29, 2024 | ||
| Participant | Registration Link | |
| Live Webcast | Use this link | |
| Phone Dial-In with Live Q&A | Use this link | |
Participants joining the conference call via the phone dial-in option will receive their dial-in number, passcode and PIN following registration using the link above. It would be appreciated if all callers could dial in approximately 5 minutes prior to the scheduled start time.
There will be a Q&A session after the Company delivers its financial results. Those dialling in via phone can elect to ask a question via the moderator. Participants on the live webcast have the ability to pre-submit a question upon registering to join the webcast or can submit a question during the live webcast.
About IREN
IREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing
- Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/s in 2024. Operations since 2019.
- AI Cloud Services: providing cloud compute to AI customers, 816 NVIDIA H100 GPUs. Operations since 2024.
- Next-Generation Data Centers: 260MW of operating data centers, expanding to 510MW in 2024. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications.
- Technology: technology stack for performance optimization of AI Cloud Services, Bitcoin Mining and energy trading operations.
- Development Portfolio: 2,310MW of secured power capacity across North America, >1,000 acre property portfolio and additional development pipeline.
100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs): targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities.
Contacts
| Media Jon Snowball Domestique +61 477 946 068 Danielle Ghigliera Aircover Communications +1 510 333 2707 | Investors Lincoln Tan IREN +61 407 423 395 lincoln.tan@iren.com |
To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts.
FAQ
When will IREN release its FY24 financial results?
What is IREN's Bitcoin mining capacity expansion target for 2024?
How many NVIDIA H100 GPUs does IREN operate for AI Cloud Services?
What is IREN's data center capacity expansion plan for 2024?
Does IREN use renewable energy for its operations?
