SYDNEY, July 01, 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. 2024 expansion fully funded $425.3m cash1, no debt 30 EH/s and 510MW of data centers in 2024 fully funded Additional cash buffer, providing flexibility in respect of: procurement items for 2025+ expansion; prospective connection agreements f ...

SYDNEY, July 01, 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. 2024 expansion fully funded $425.3m cash1, no debt 30 EH/s and 510MW of data centers in 2024 fully funded Additional cash buffer, providing flexibility in respect of: procurement items for 2025+ expansion; prospective connection agreements f ...

Reported 3Q FY24 results Record revenue, adjusted EBITDA and operating cashflow $322m cash, no debt1 Watch the webcast replay here Partnered with the District of Mackenzie to bring high speed fibre-optic connectivity to Mackenzie Enhances connectivity for residents Provides dual redundancy to data center Key Highlights AI Cloud Services 816 NVIDIA H100 GPUs Currently servicing Poolside AI and on-demand customers Corporate | --- | --- | --- | --- | |-------------------------------------|--------|--------|--- ...

Daniel Roberts Now in terms of cost of capital and optimizing it, we see this as a really important opportunity or inflection point for the business. It's no secret that Bitcoin miners have struggled to raise debt type financing. It's a volatile in commodity, it's been a volatile business -- but all of a sudden with the introduction of an additional earnings line and importantly an additional view on the collateral within the platform conversations with lenders are looking far more prospective in terms of - ...

MAY 15, 2024 | NASDAQ: IREN 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, forwardlooking statements include but are not limited to the Company's business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify fo ...

Achieved record revenue, Adjusted EBITDA and operating cashflow $47.9 million operating cash inflow in FY24 YTD Quarterly NPAT of $8.6 million Expansion to 30 EH/s in 2024 SYDNEY, Australia, May 15, 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 reported its financial results for the three-months and nine-months ended March 31, 2024 ...

SYDNEY, Australia, May 15, 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. Key Highlights 2024 expansion plans increased to 30 EH/s The Company's previously announced 2024 expansion plan to 20 EH/s has been increased to 30 EH/s. This accelerated growth is enabled through amended and new agreements with Bit ...

Iris Energy Limited (IREN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Indiv ...

SYDNEY, Australia, April 29, 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. IREN is pleased to announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s. The Company now also expects to achieve 10 EH/s in May 2024. IREN's fully funded expansion to 20 EH/s in 2024 rema ...

SYDNEY, Australia, April 08, 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. Key Highlights Previously announced 3-month AI cloud services agreement with leading AI company, poolsideAgreement is now upsized from 248 to 504 NVIDIA H100 GPUs following successful initial deploymentAdditional 4-month term comm ...