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 reports developments in AI cloud infrastructure, large-scale data centers and GPU clusters for AI training and inference. Company updates cover managed GPU cloud services, customer contracts, NVIDIA platform deployments, hardware procurement, and the buildout of grid-connected data center capacity in renewable-rich regions.
Recurring IREN news also includes financial results, conference-call materials, site energization milestones such as Sweetwater 1, and capital actions including convertible notes and ordinary-share issuance programs. The company’s updates connect data center power availability, GPU deployment, customer workloads and capital funding to its vertically integrated AI cloud platform.
IREN (NASDAQ: IREN) released its August 2025 monthly update, highlighting significant expansion in its AI Cloud and Bitcoin mining operations. The company is scaling its AI Cloud from 1.9k to 10.9k NVIDIA GPUs, with ~9k Blackwell GPUs scheduled for delivery at Prince George. IREN secured $200 million in non-dilutive GPU financing and achieved NVIDIA Preferred Partner status.
In Bitcoin mining, IREN maintained an average operating hashrate of 44.0 EH/s, mining 668 BTC with hardware profits of $50.8m and a 66% margin. The AI Cloud segment generated $2.4m in revenue with a 98% hardware profit margin. The company's expansion includes development across British Columbia (160MW), Childress (750MW), and Sweetwater (2,000MW) facilities, with capacity for over 60,000 GPUs across British Columbia campuses.
IREN (NASDAQ: IREN) has appointed Anthony Lewis as its new Chief Financial Officer. Lewis, who joined the company in July 2025 as Chief Capital Officer, will maintain his oversight of capital markets strategy while taking on expanded responsibilities for financial operations, reporting, and strategic planning.
Lewis succeeds Belinda Nucifora, who is departing after 3.5 years as CFO. Prior to IREN, Lewis spent 22 years at Macquarie Group, where he served as Co-Treasurer managing global funding, liquidity, capital management, and regulatory reporting. The transition comes as IREN continues to expand its AI Cloud business.
IREN (NASDAQ: IREN) reported exceptional financial results for FY25, with total revenue reaching a record $501.0 million, up 168% from FY24. The company achieved a net income of $86.9 million, compared to a net loss in FY24, while Adjusted EBITDA surged 395% to $269.7 million.
Operationally, IREN expanded its contracted grid-connected power to 2,910MW (+35%) and increased operating data center capacity to 810MW (+212%). The company's Bitcoin mining capacity grew to 50 EH/s (+400%) while AI Cloud capacity reached 1.9k NVIDIA GPUs (+132%). IREN secured NVIDIA Preferred Partner status and projects $200-250 million in annualized AI Cloud revenue with 10.9k GPUs by December 2025.
The company is advancing major expansion projects in British Columbia and Texas, including new liquid-cooled facilities for NVIDIA GB300 deployments and the Sweetwater Hub development.
IREN (NASDAQ: IREN) has achieved NVIDIA Preferred Partner status and expanded its AI Cloud infrastructure with a significant GPU acquisition. The company is purchasing 2.4k NVIDIA GPUs for approximately $168 million, including 1.2k air-cooled B300s and 1.2k liquid-cooled GB300s.
IREN secured $96 million in financing through a 24-month lease at a high single-digit interest rate to fund the GB300s purchase. The expansion will bring IREN's total GPU fleet to 10.9k NVIDIA GPUs. The new GPUs will be installed at the Prince George campus, which is constructing a 10MW liquid-cooled facility capable of supporting over 4.5k GB300s.
IREN (NASDAQ: IREN) has significantly expanded its AI computing capabilities by purchasing 4,200 NVIDIA Blackwell B200 GPUs for approximately $193 million. The company has also secured $102 million in financing for a previous Blackwell GPU purchase through a 36-month lease arrangement.
This expansion doubles IREN's GPU fleet to approximately 8,500 NVIDIA GPUs, including 800 H100s, 1,100 H200s, 5,400 B200s, and 1,200 B300s. The new B200s will be installed at IREN's Prince George campus, which has 50MW of total power capacity and can support growth to approximately 20,000 Blackwell GPUs.
IREN (NASDAQ: IREN) has scheduled the release of its fiscal year 2025 financial results for August 28, 2025, followed by a conference call at 5:00 p.m. Eastern Time. The company will host a Q&A session after presenting its results, with participants able to join via phone dial-in or webcast options.
IREN operates as a vertically integrated data center business focused on Bitcoin, AI, and computing applications, powered by 100% renewable energy. The company's infrastructure includes 2,910MW of grid-connected power across the U.S. and Canada, 810MW of operating data centers, and 50 EH/s of Bitcoin mining capacity. Their operations span three main verticals: Bitcoin Mining, AI Cloud Services, and AI Data Centers.
IREN (NASDAQ: IREN) reported strong performance in July 2025, achieving record monthly revenue of $86 million and hardware profits of $66 million. The company's Bitcoin mining operations reached an average hashrate of 45.4 EH/s, mining 728 BTC with a 76% hardware profit margin.
The company's AI Cloud expansion continues with 2.4k NVIDIA B200/B300 GPUs, with the initial B200 shipment already contracted. IREN's infrastructure development includes the 50MW Horizon 1 liquid-cooled AI data center on track for Q4'25 completion and progress on the 1,400MW Sweetwater 1 facility. The Mackenzie facility upgrade enhanced network redundancy with dual fiber paths.
[ "Record monthly revenue of $86 million and hardware profits of $66 million", "Bitcoin mining hardware profit margin increased to 76% with 728 BTC mined", "AI Cloud Services showing 98% hardware profit margin with $28M annualized run-rate revenue", "Successful procurement and contracting of initial 256 NVIDIA B200 GPUs", "Infrastructure expansion progressing with 50MW Horizon 1 and 1,400MW Sweetwater 1 developments", "Enhanced network redundancy with dual fiber paths at Mackenzie facility" ]IREN (NASDAQ: IREN) reported significant achievements in June 2025, including record monthly revenue and hardware profit. The company reached its 50 EH/s mid-year target and expanded its AI Cloud infrastructure with approximately 2,400 Blackwell GPUs.
Key financial highlights include $65.5M in Bitcoin mining revenue with a 75% hardware profit margin, and $2.2M in AI Cloud Services revenue with a 98% margin. The company successfully completed a $550M convertible notes offering and transitioned to US domestic issuer status.
IREN's infrastructure expansion continues with 650MW total operating data centers at Childress, and development progress at Sweetwater 1 (1.4GW) and Sweetwater 2 (600MW). The company maintains strong operational metrics with a 41.1 EH/s average operating hashrate and mined 620 BTC in June.
[ "Record monthly revenue with $65.5M from Bitcoin mining and $2.2M from AI Cloud Services", "Successfully reached 50 EH/s mining target with strong 75% hardware profit margin", "Secured ~2,400 next-generation NVIDIA Blackwell GPUs for AI expansion", "Completed oversubscribed $550M convertible notes offering", "Achieved US domestic issuer status", "Maintains efficient operations with low 3.0c/kWh electricity costs at Childress" ]IREN (NASDAQ: IREN) has announced a significant expansion of its AI Cloud capabilities with the purchase of 2,400 NVIDIA Blackwell GPUs for approximately $130 million. The order includes 1,300 B200 and 1,100 B300 GPUs, which will be installed at IREN's Prince George, BC campus.
This expansion increases IREN's total GPU fleet to 4,300 NVIDIA GPUs, combining the new Blackwell units with their existing 1,900 Hopper GPUs. The Prince George facility, with its 50MW of dedicated power, has the capacity to host over 20,000 Blackwell GPUs, providing significant room for future growth. The purchase is fully funded from existing cash, though IREN is exploring additional financing options to support AI Cloud Services growth.
IREN Limited (NASDAQ: IREN) has appointed Anthony Lewis as Chief Capital Officer, a newly created position focused on overseeing the company's capital markets strategy. Lewis, who brings over 20 years of experience from Macquarie Group where he served as Co-Treasurer, will lead IREN's capital structure and financing initiatives.
IREN operates as a vertically integrated data center business powered by 100% renewable energy, with operations spanning Bitcoin mining, AI Cloud Services, and AI Data Centers. The company's infrastructure includes 2,910MW of grid-connected power across more than 2,000 acres in the U.S. and Canada, 810MW of operating data centers, and 50 EH/s of installed Bitcoin self-mining capacity. Their AI capabilities include 1,896 NVIDIA H100 & H200 GPUs for cloud computing services, with plans to deliver up to 50MW (IT load) of liquid-cooled capacity for AI workloads in 2025.