SYDNEY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today published a monthly investor update for July 2024. Key Highlights Bitcoin Mining AI Cloud Services 222 Bitcoin mined in July 10.5 EH/s installed (as of Aug 5) 20 EH/s in 3Q, 30 EH/s in 4Q 816 NVIDIA H100 GPUs Servicing multiple reserved/on-demand customers Data Centers Corporate 260MW opera ...

SYDNEY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today published a monthly investor update for July 2024. Key Highlights Bitcoin Mining AI Cloud Services 222 Bitcoin mined in July 10.5 EH/s installed (as of Aug 5) 20 EH/s in 3Q, 30 EH/s in 4Q 816 NVIDIA H100 GPUs Servicing multiple reserved/on-demand customers Data Centers Corporate 260MW opera ...

About Bragar Eagel & Squire, P.C.: Click here to participate in the action. Following this news, the price of the Company's stock dropped. Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648 investigations@bespc.com www.bespc.com If you purchased or otherwise acquired Iris Energy shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interest ...

On this news, Iris's stock price fell $1.70 per share, or 13.2%, to close at $11.20 per share on July 11, 2024. NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Iris Energy Limited ("Iris" or the "Company") (NASDAQ: IREN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. [Click here for information about joining the class action] Pomerantz LLP, with offices in New York, Chicago, Los Angeles, L ...

stock just pulled back to its historically bullish 50-day moving average, which over the past three years produced returns of 23.2% for the shares a month later in 67% of circumstances. This trendline also coincides with the 50% year-over-year return level, triple this year's low of $10.95, as well as the 38.2% Fibonacci retracement of the stock's initial public offering (IPO) highs and lows. Subscribers to Schaeffer's Weekend Trader options recommendation service received this IREN commentary on Sunday nig ...

The Company is pleased to announce it has secured an additional 150MW of immediately available power capacity at its Childress site. This increase follows the approval of network studies by ERCOT and execution of an amended connection agreement with AEP. 2024: 910MW immediately available power 510MW of data centers planned in 2024 (30 EH/s) 910MW of data centers planned in 2025 2026: 1,400MW West Texas site on schedule Data center planning underway 2027-2030: >1GW of additional development pipeline IREN is ...

SYDNEY, July 24, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. This increases the Company's total secured grid-connected power capacity to 2,310MW. About IREN | --- | --- | |------------------------------------------------------------|--------------------------------------------------------------------- ...

Business Overview - IREN is a next-generation data center business focused on Bitcoin mining, AI cloud services, and high-performance computing applications [1][7] - The company operates with 100% renewable energy, targeting low-cost and underutilized renewable energy sources [2][7] Bitcoin Mining Operations - IREN has been operating Bitcoin mining since 2019, providing security to the Bitcoin network [2] - The company plans to expand its Bitcoin mining capacity to 30 EH/s by 2024 [2] AI Cloud Services - IREN launched AI cloud services in 2024, offering cloud compute solutions powered by 816 NVIDIA H100 GPUs [2] - The company is evaluating monetization opportunities in the AI data center market with Morgan Stanley as its financial advisor [6] Data Center Infrastructure - IREN currently operates 260MW of data centers, with plans to expand to 510MW by 2024 [2] - The data centers are specifically designed for high-performance and power-dense computing applications [2] Development Portfolio - IREN has secured 2,160MW of power capacity across North America [2] - The company owns a property portfolio exceeding 1,000 acres, with additional development pipelines [2] Technology and Optimization - IREN has developed a technology stack to optimize performance for AI cloud services, Bitcoin mining, and energy trading operations [2] Renewable Energy Commitment - IREN utilizes 100% renewable energy, either directly from clean sources or through the purchase of Renewable Energy Certificates (RECs) [2] - The company supports electrical grids and local communities through its renewable energy initiatives [2]

SYDNEY, July 16, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. Investors Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/s in 2024. Operations since 2019. AI Cloud Services: providing cloud compute to AI customers, 816 NVIDIA H100 GPUs. Operations since 2024. Next-Generatio ...

ATLANTA, July 12, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Iris Energy Limited ("Iris Energy" or the "Company") (NASDAQ:IREN) complied with federal securities laws. On July 11, 2024, Culper Research published a report alleging that Iris Energy "has always, and will continue to be – a non-player in the HPC space because its facilities were built for BTC mining and are ill-equipped for HPC workloads without billions in additional costs." Following this news, the price of the Comp ...