Iris Energy (US:IREN)2025-08-28 21:00FY25 Financial Highlights - Record revenue of $501 million, a 168% increase year-over-year[12, 94] - Adjusted EBITDA of $270 million, a 395% increase year-over-year[12] - EBITDA of $278 million, a 1,344% increase year-over-year[12, 98] - Net income of $87 million, an increase of $116 million compared to the previous year[12, 94] Operational Growth - Contracted grid connections increased to 2,910 MW, an addition of 750 MW[12] - Operating data centers capacity increased to 810 MW, an addition of 550 MW[12] - Bitcoin mining capacity reached 50 EH/s, a 400% increase[12] - AI Cloud capacity expanded to 1.9k GPUs, a 132% increase[12] AI Cloud Expansion - Targeting $200-250 million annualized revenue from AI Cloud by December 2025[18, 50] - Scaling AI Cloud capacity from 1.9k to 10.9k GPUs in the coming months, supported by approximately $200 million of GPU financing[18]