IREN Ltd - IREN STOCK NEWS

Iris Energy (NASDAQ: IREN) has successfully closed a US$71 million limited recourse equipment financing facility with NYDIG, marking its third such partnership. The financing is secured by 19,800 Bitmain S19j Pro miners. With approximately 10 EH/s of miners still unencumbered, the company maintains significant balance sheet flexibility for future funding. Currently, Iris Energy operates 15 EH/s of mining power, utilizing 100% renewable energy since inception, and is on track for further growth with an operational goal of 10 EH/s by early 2023.

Iris Energy Limited (NASDAQ: IREN) reported a 5% increase in average operating hashrate to 844 PH/s and a total power capacity expansion to 795MW, following a 30MW increase at Mackenzie. In February 2022, the company mined 110 Bitcoin, generating $4.5 million in mining revenue. Financial highlights include record quarterly revenue of $20 million and Adjusted EBITDA of $14 million, reflecting significant growth. Cantor Fitzgerald initiated coverage with an Overweight rating and a price target of $25. The company continues to advance its construction projects across several sites.

Iris Energy Limited (NASDAQ: IREN), a leader in sustainable Bitcoin mining, has announced its participation in three upcoming investor conferences. The company is set to attend:

• Canaccord Genuity Blockchain Infrastructure & Mining Summit on March 17
• Ladenburg Thalmann Special Crypto Expo on March 24
• Bank of America Crypto Mining Day on March 28

With a focus on low-cost renewable energy and a robust infrastructure platform, Iris Energy is committed to supporting local communities and enhancing the global Bitcoin network's decarbonization.

Iris Energy Limited (IREN) reported record revenue of $20 million for Q2 FY2022, reflecting a 93% increase compared to Q1 FY22. The half-year revenue soared to $30.4 million, a staggering 1,352% rise from 1H FY21. Adjusted EBITDA reached $14.3 million with a margin of 72%. Despite a net profit of $71.7 million for the quarter, the half-year showed a net loss of $418.9 million due to a one-off non-cash charge. Operationally, the average hashrate hit 685 PH/s, with 364 Bitcoin mined. The company completed a successful $232 million IPO and is advancing construction projects in Canada.

Iris Energy Limited (NASDAQ: IREN) announced it will report its financial results for the three and six months ended December 31, 2021, on February 9, 2022, at 5:00 PM ET. The company, known for its sustainable Bitcoin mining operations with 15 EH/s of miners, encourages participants to pre-register for the earnings call. While there will be no live Q&A, management plans to address pre-submitted questions. Iris Energy emphasizes its commitment to low-cost renewable energy and operational control over its data centers and power supply, supporting local communities and decarbonization efforts.

Iris Energy Limited (NASDAQ: IREN) announced a significant 600MW connection agreement with AEP Texas, boosting its power capacity from 165MW to 765MW. This agreement, requiring a $19 million deposit, targets a total operating hashrate of 15 EH/s with an anticipated increase to 22 EH/s. For January 2022, the company reported an 8% rise in average operating hashrate to 804 PH/s and mined 126 Bitcoin, generating $5 million in revenue. The company continues to expand its operations in Canada and the USA, focusing on renewable energy sources.

Iris Energy Limited (NASDAQ: IREN) has executed a binding connection agreement with AEP Texas for a new 600MW data center in Texas, enhancing its power capacity from 165MW to 765MW. The project aims to increase the company's hash rate to ~22 EH/s, over 10% of the global total, if operational today. The facility will have direct grid access and is set to be operational by Q1 2023, creating up to 50 jobs. Iris Energy focuses on sustainable Bitcoin mining, capitalizing on under-utilized renewable energy resources.

Iris Energy Limited (NASDAQ: IREN) reported a 14% increase in average operating hashrate to 748 PH/s and a 10% rise in Bitcoin mined, totaling 124 Bitcoins for December 2021. Monthly operating revenue reached US$6.2 million, driven by the installation of new hardware. All operations are now 100% renewable. Construction at Mackenzie and Prince George sites remains on track for 2022, aiming for 1.5 EH/s and 2.4 EH/s capacity respectively. Despite challenges from extreme temperatures, operations showed resilience. The company has secured substantial projects in Texas and other locations.

Iris Energy Limited (NASDAQ: IREN) has successfully completed a $232 million IPO on the Nasdaq, positioning itself as a major player in Bitcoin mining with a secured 15.2 EH/s capacity. As of November, the company reported 657 PH/s average operating hashrate powered by 98% renewable energy, generating $6.6 million in monthly revenue from 113 Bitcoins mined. Construction is underway for new sites expected to enhance capacity by 1.5 EH/s and 2.4 EH/s in 2022. Iris Energy focuses on leveraging renewable energy in its operations to support sustainable Bitcoin mining.