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IREN Ltd (IREN) operates sustainable data centers powering Bitcoin mining operations and AI cloud services through renewable energy solutions. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments, technology deployments, and operational milestones.
Access timely announcements covering earnings reports, infrastructure expansions, and renewable energy initiatives. Our curated collection includes press releases on new computing partnerships, hardware upgrades, and sustainability achievements that define IREN's position in high-performance computing.
Key updates feature developments in cryptocurrency mining efficiency, AI service offerings, and low-carbon data center operations. Track IREN's progress in balancing computational demands with environmental responsibility through their innovative energy management strategies.
Bookmark this page for centralized access to verified information about IREN's operational performance and market positioning. Regularly updated content ensures stakeholders maintain current awareness of this renewable-powered computing infrastructure provider.
IREN (NASDAQ: IREN), a leader in Bitcoin and AI data centers, announced its financial results for Q3 FY24 and the nine months ending March 31, 2024. The company achieved a record revenue of $53.4 million, driven by higher Bitcoin prices and operating hashrate. Adjusted EBITDA increased to $21.8 million, and net profit after tax was $8.6 million. IREN noted a record $47.9 million in operating cashflow YTD, with plans to expand its Bitcoin mining capacity to 30 EH/s in 2024. The report also highlighted a significant increase in AI Cloud Services revenue and the commissioning of 248 NVIDIA H100 GPUs for Poolside AI. Operating expenses rose, with net electricity costs at $19.4 million. Cash reserves stood at $259.7 million as of March 31, 2024, with no debt.
IREN, a leading next-generation data center business, announced its expansion plans to increase its operating hashrate to 30 EH/s by 2024, ahead of its initial schedule. The company has achieved a 10 EH/s milestone and secured Bitmain S21 Pro miners with a nameplate efficiency of 15 J/TH. Upon completion, IREN's nameplate fleet efficiency will be 16 J/TH with an indicative electricity cost of $17k per Bitcoin mined. An additional 50MW data center at Childress, funded through existing cash and other sources, will support this growth. Further expansion to 40 EH/s is expected in the first half of 2025. IREN has $321.5 million in cash and no debt facilities as of April 30, 2024.
IREN (Iris Energy ) will release its financial results for the three-months ended March 31, 2024, on Wednesday, May 15, 2024 USA Eastern Daylight Time. The Company will host a conference call starting at 5:00 p.m. USA Eastern Daylight Time. The webcast will be recorded, and the replay will be available shortly after the event.
IREN, a leading next-generation data center business, released its April 2024 investor update showcasing key highlights in Bitcoin mining, AI cloud services, and data center expansions. The company reported steady growth in Bitcoin mined, expanded operating hashrates, and upsized GPU deployments. Expansion plans are fully funded and ahead of schedule, with a focus on renewable energy usage and sustainable growth. The monthly update also included financial metrics and upcoming events for investors.
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