Core Insights - IREN Limited has announced the purchase of 2,400 next-generation NVIDIA Blackwell B200 and B300 GPUs for approximately $130 million, fully funded from existing cash, while also exploring financing options for AI Cloud Services growth [1][2][4] - The new GPUs will be installed at IREN's Prince George, BC campus, increasing the total fleet to around 4,300 NVIDIA GPUs, with the capacity to host over 20,000 Blackwell GPUs due to 50MW of dedicated power [2][3] - The Blackwell architecture enhances performance and efficiency, positioning IREN as a leading cloud provider in a supply-constrained market, with rising demand from AI-native enterprises and cloud operators [3][4] Company Positioning - IREN's vertically integrated platform, supported by 2,910 MW of grid-connected power, allows for flexible, end-to-end solutions across the AI infrastructure stack, including powered shells and fully managed cloud services [4][9] - The investment in Blackwell GPUs is expected to yield attractive risk-adjusted returns and support ongoing discussions in IREN's AI Data Center business [4][5] - IREN operates in renewable-rich regions and focuses on high-performance computing solutions, including AI Cloud Services and Bitcoin mining, leveraging 100% renewable energy [9][10]

Core Insights - Iris Energy (NASDAQ: IREN) has evolved from a small renewable-powered miner to one of the largest clean-energy data-center operators globally, significantly expanding its footprint since its listing in late 2021 [1] Company Overview - The company has focused on building a substantial clean-energy data-center infrastructure, leveraging renewable energy sources to support its operations [1] Industry Context - The growth of Iris Energy reflects a broader trend in the industry towards sustainable and renewable energy solutions, particularly in the data center sector, which is increasingly prioritizing energy efficiency and environmental responsibility [1]

Operational Highlights - Iris Energy has expanded its operating capacity to 5.5 EH/s, completing the expansion in 12 weeks[11, 12] - The company is undertaking an expansion to 6.5 EH/s, representing an 18% growth in operating capacity, which is fully funded[15, 16] - The company's current operating capacity of 5.5 EH/s is delivering approximately $7.5 million in monthly mining profit[14] Financial Position - Iris Energy reports a robust balance sheet with $54.8 million in cash and no debt[14, 21] - An additional $35 million in incremental capital expenditure is planned, assuming the latest generation Bitmain S19 XP miners[21] - The company has sold 4,495,442 ordinary shares, generating $14.3 million in net proceeds, under a committed equity facility[17] Childress Site Development - The Childress site has a total power capacity of 600MW, with the initial 20MW commissioned and the next 20MW underway[22, 25] - The Childress site utilizes a technology-driven approach to automatically integrate data across multiple sources to optimize power costs[39] Mining Profitability - At a Bitcoin price of $30,000, the current 5.5 EH/s capacity could generate $90 million in annualized mining profit, while the expanded 6.5 EH/s capacity could generate $110 million[41] Ownership and Coverage - Founders, board, and management own approximately 22% of Iris Energy, aligning interests[49, 50]

FY24 Results Presentation DISCLAIMER Forward-Looking Statements This investor update includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 Forward-looking statements generally relate to future events or IREN's future financial or operating performance. For example, forward- looking statements include but are not limited to the Company's business strategy, expected operational and financial results, and expected increase in power capacity and hashrat ...

IREN Limited (NASDAQ: IREN ) stands at a rare crossroads where two booming narratives collide: the relentless cash machine of low-cost Bitcoin mining and the huge runway of AI infrastructure. With 50 EH/s capacity, enviable margins, and no crypto held on the balance sheet, IREN’s corePythia Research focuses on multi-bagger stocks, primarily in the technology sector. Our approach combines financial analysis, behavioral finance, psychology, social sciences, and alternative metrics to assess companies with hig ...

Core Insights - IREN Limited has appointed Anthony Lewis as Chief Capital Officer to oversee capital markets activities and develop the company's capital structure and financing strategy, particularly in AI infrastructure investments [1][3] - Lewis brings over 22 years of experience from Macquarie Group, where he was Co-Treasurer responsible for global funding and capital management [2] - The appointment is expected to align IREN's financial strategy with growth opportunities in AI and compute infrastructure [3] Company Overview - IREN is a vertically integrated data center business focused on Bitcoin, AI, and renewable energy, operating in renewable-rich regions across the U.S. and Canada [6] - The company has secured 2,910 MW of grid-connected power across more than 2,000 acres, with a multi-gigawatt development pipeline [6] - IREN operates 810 MW of data centers supporting Bitcoin mining, AI cloud services, and AI data centers, with 50 EH/s of Bitcoin self-mining capacity and 1,896 NVIDIA GPUs for AI cloud services [8]

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Insights - IREN Limited has achieved a significant milestone by reaching 50 EH/s of installed self-mining capacity, positioning itself as one of the largest and most efficient Bitcoin miners globally [1][2][5] - The company plans to leverage its mining infrastructure to expand into AI data center services, with a new 50MW liquid-cooled AI data center scheduled for delivery in Q4 2025 [2][5] - IREN's operational strategy emphasizes low-cost production, with an all-in cash cost of $41,000 per Bitcoin mined, and aims to maintain financial resilience amid market volatility [7][10] Mining Capacity and Infrastructure - The 50 EH/s milestone is supported by the 750MW Childress site, which currently operates at 650MW capacity [2][5] - IREN's mining operations are designed to be scalable and efficient, utilizing low-cost renewable energy and advanced cooling technologies [5][16] Financial Performance and Strategy - The company reported a mining revenue of $235 million, with net electricity costs also at $235 million, indicating a break-even scenario in terms of electricity expenses [6][10] - IREN's flexible capital structure, relying primarily on convertible notes for financing, allows for strategic growth without diluting equity [7][10] Future Growth and Market Position - IREN is positioned to capitalize on the growing demand for high-performance computing and AI services, with a significant investment in infrastructure to support these sectors [5][16] - The company has secured a power portfolio of 2,910MW across over 2,000 acres in the U.S. and Canada, enhancing its operational capabilities [18]

Core Viewpoint - IREN Limited is expected to see improved efficiency in bitcoin mining, with a decrease in energy consumption from 16 J/TH in Q3 2024 to 15 J/TH in Q3 2025, which is viewed as a significant positive development for the company [1]. Group 1 - The company is positioned favorably due to advancements in mining efficiency, which could enhance profitability and competitiveness in the market [1]. - The analyst emphasizes a unique investment approach called "First Principles," focusing on breaking down complex financial and technological problems to identify overlooked investment opportunities [1]. - The analyst has a strong background in investment, private equity, and venture capital, indicating a solid foundation for delivering insights and potential returns [1].

SYDNEY, June 13, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $550 million aggregate principal amount of 3.50% convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Key details of the transaction Oversubscribed and upsized from $450 million to $500 milli ...