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 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.
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Iris Energy Limited (NASDAQ: IREN) has successfully increased its Bitcoin mining capacity from 4.6 EH/s to 5.2 EH/s as part of its plan to reach a total capacity of 5.5 EH/s. The first 20MW data center at Childress, Texas, is now operational following the energization of the primary substation on April 22, 2023. Installation of the remaining 0.3 EH/s is pending. The company operates 160MW of data centers in British Columbia, supporting approximately 4.9 EH/s. The team thanks local stakeholders for their support throughout the development process. Iris Energy emphasizes its commitment to sustainable Bitcoin mining powered entirely by renewable energy, targeting markets with low-cost energy resources.
Iris Energy Limited (NASDAQ: IREN) has updated its operational capacity, increasing its hashrate from 3.6 EH/s to 4.6 EH/s, with an additional 0.9 EH/s pending installation. The company has also received an $18.4 million refund from AEP Texas, following the energization of its 600MW bulk power substation. Additionally, on April 18, 2023, an entity linked to director Michael Alfred acquired 50,000 ordinary shares for approximately $232,530, increasing total acquisitions since March 13, 2023, to 480,461 shares at a total value of $1.52 million. Iris Energy focuses on sustainable Bitcoin mining, leveraging 100% renewable energy and maintaining long-term infrastructure control.
Iris Energy (NASDAQ: IREN) announced a significant update on its Bitcoin mining operations as of April 13, 2023. The company's operating hashrate has increased from 3.1 EH/s to 3.6 EH/s, contributing to a total capacity of 5.5 EH/s planned. All remaining miners for this capacity have been delivered and are awaiting installation. The 600MW Childress substation was energized on April 6, enhancing the site's connection to the ERCOT grid, with approximately $18 million in deposits expected to be refunded. Additionally, director Michael Alfred's affiliated entity has purchased 75,000 shares recently, bringing total acquisitions to 430,461 shares since mid-March 2023.
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