Welcome to our dedicated page for IREN news (Ticker: IREN), a resource for investors and traders seeking the latest updates and insights on IREN stock.
IREN Limited (NASDAQ: IREN) features prominently in news coverage related to Bitcoin mining, AI cloud services and large-scale data center infrastructure. As a developer, owner and operator of next-generation, renewable-powered data centers in the U.S. and Canada, the company frequently issues updates on commercial agreements, financing transactions and project milestones that are material to investors and industry observers.
News about IREN often focuses on its role as an AI Cloud Service Provider delivering large-scale GPU clusters for AI training and inference. Recent press releases highlight a multi-year GPU cloud services contract with Microsoft, with a total contract value of approximately $9.7 billion through 2031, and an associated purchase agreement with Dell Marketing L.P. for GPUs and ancillary equipment. Coverage also includes additional multi-year AI cloud contracts with customers such as Together AI, Fluidstack and Fireworks AI, reflecting IREN’s efforts to expand its AI cloud customer base.
Another key theme in IREN’s news flow is capital markets activity. The company has announced offerings of convertible senior notes with maturities in 2031, 2032 and 2033, capped call transactions designed to manage potential dilution, and registered direct offerings of ordinary shares used to fund repurchases of existing convertible notes. These items appear in both company press releases and related Form 8-K filings, providing detail on terms, use of proceeds and impacts on the capital structure.
Operational updates also feature in IREN’s news, including quarterly financial results, progress on data center projects in British Columbia, the Childress, Texas campus and the Sweetwater Hub, and commentary on the balance between Bitcoin mining and AI-focused infrastructure. Readers following IREN’s news page can review these developments in one place, including SEC-furnished press releases on earnings, major contracts, governance changes and financing events.
Iris Energy Limited (NASDAQ: IREN) provided its August 2022 investor update, highlighting significant operational advances. The average operating hashrate surged by 97% to 2,204 PH/s, with Bitcoin production increasing by 96% to 301 coins. Mining revenue reached US$6.6 million, reflecting a substantial rise. The Prince George site is set for energization in September, boosting total capacity to 3.7 EH/s, with an updated guidance of 4.7 EH/s by Q4 2022. Financial results for the year ending June 30, 2022, will be disclosed on September 13, 2022.
Iris Energy Limited (NASDAQ: IREN) announced it will release its financial results for the fiscal year ending June 30, 2022, on September 13, 2022, after market close. The results will be available on the Company’s Investor Relations website, followed by a conference call at 5:00 p.m. Eastern Time to discuss the findings and allow for a Q&A session. Iris Energy focuses on renewable energy-powered Bitcoin mining and aims to support the decarbonization of energy markets.
Iris Energy Limited (NASDAQ: IREN) announced significant operational updates for July 2022, revealing a doubling of its operating capacity to over 2.3 EH/s after commissioning the Mackenzie site. The company mined 154 Bitcoin, resulting in monthly revenue of $3.4 million, despite a rise in electricity costs of $1.36 million. Average operating hashrate slightly decreased to 1,117 PH/s, attributed partly to seasonal factors. Additionally, Iris Energy secured agreements with Bitmain for an additional 1.7 EH/s of miners, boosting expected capacity from 4.3 EH/s to 6.0 EH/s. The company welcomed new executives and reported ongoing construction projects across various sites.
Iris Energy Limited (NASDAQ: IREN) announced an agreement with Bitmain Technologies to ship an additional 1.7 EH/s of S19j Pro miners in August 2022. This increases the total operating capacity from 4.3 EH/s to 6.0 EH/s. The Company made $130 million in prior payments for miners, utilizing $46.7 million and an additional $5.9 million for the new shipment. The remaining obligations for miners above 6.0 EH/s stand at $83.3 million, pending discussions with Bitmain. Iris Energy focuses on sustainable Bitcoin mining powered by 100% renewable energy.
Iris Energy (NASDAQ: IREN), a leader in sustainable Bitcoin mining, announced its participation in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022 in Boston. Co-CEO Daniel Roberts will present on August 9 at 1:00 PM ET, with a webcast available for registration. The company emphasizes its commitment to operating efficient Bitcoin mining data centers powered entirely by renewable energy. Iris Energy's focus includes leveraging low-cost renewable sources, maintaining infrastructure security, and utilizing a seasoned management team with extensive industry experience.
Iris Energy (NASDAQ: IREN) has increased its operating capacity guidance from 3.7 EH/s to 4.3 EH/s by the end of Q4 2022. In June 2022, the company mined 148 Bitcoin and generated US$3.5 million in revenue. Development at the Mackenzie site is ahead of schedule, now expected to be operational by Q4 2022. The company aims to defer major capital expenditures to maintain balance sheet flexibility amid deteriorating market conditions. By achieving 4.3 EH/s, Iris anticipates an annualized profit of US$67 million under current Bitcoin prices.
Iris Energy Limited (NASDAQ: IREN) announces an increase in its expected total online operating capacity from 3.7 EH/s to 4.3 EH/s by the end of Q4 2022. The expansion at its Mackenzie site is ahead of schedule. In light of current market conditions, the company will defer additional major capital expenditures to maintain balance sheet flexibility, holding $454 million in equity and $93 million in cash as of May 31, 2022. The company aims to continue operations and construction across its various sites while monitoring market conditions closely.
Iris Energy Limited (NASDAQ: IREN) reported an average operating hashrate of 1,165 PH/s, up 12% from the previous month. In May 2022, the company mined 151 Bitcoin, generating $4.9 million in revenue. Electricity costs totaled $21.4 million, with a revenue per Bitcoin of $32,264. The company is on track to achieve 15 EH/s of operating capacity by early 2023, with Mackenzie and Prince George sites progressing in construction. Iris Energy welcomed Belinda Nucifora as Chief Financial Officer and is exploring additional funding options to strengthen its capital structure.
Iris Energy Limited (NASDAQ: IREN) reports strong operational progress for May 2022, increasing average operating hashrate to 1,165 PH/s, resulting in mining revenue of $4.9 million from 151 Bitcoins mined. Key updates include ongoing construction at Mackenzie and Prince George sites, targeting a total of 15 EH/s capacity by early 2023. The company holds $454 million in total equity with no corporate-level debt and is exploring funding options for further growth. Newly appointed CFO Belinda Nucifora brings extensive experience, enhancing financial leadership.
Iris Energy Limited (NASDAQ: IREN), a sustainable Bitcoin miner, has appointed Ms. Belinda Nucifora as Chief Financial Officer (CFO) effective immediately. Nucifora, a Chartered Accountant with significant experience in financial leadership, replaces Anne Hayes, who served in an interim capacity. The company aims to enhance its operational and strategic initiatives aimed at achieving its hashrate growth targets, leveraging its 15 EH/s infrastructure platform. Iris Energy focuses on low-cost renewable energy and aims to support local communities while contributing to decarbonization efforts.