Iris Energy Ltd

Iris Energy Ltd. operates as a Bitcoin mining company. It builds, owns and operates data centers and electrical infrastructure for the mining of Bitcoin, primarily powered by renewable energy. The company was founded by Daniel Roberts and William Roberts on November 6, 2018 and is headquartered in Sydney, Australia.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q2 2023

Earnings data Q1 2023

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Iris Energy Ltd. engages in operating institutional grade data centers powered by renewable energy. It operates through the Australia and North America geographical segments. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee.

Iris Energy Announces Appointment of Sunita Parasuraman to Board of Directors

Canaan Inc.

Cipher Mining

Terawulf

Many booked double-digit gains on the day. Several factors are contributing to general crypto bullishness.

Why Crypto Mining Stocks Like Canaan and TerraWulf Were on Fire Today

Iris Energy Limited (NASDAQ:IREN) announced that it has achieved a record average operating hashrate of 5.6 exahashes per second (EH/s) during June 2023, along with monthly operating revenue of US$11.7 million. The sustainable Bitcoin mining company said it mined 428 Bitcoins in June while generating $27,211 in revenue for each Bitcoin mined.

Iris Energy sees record operating hashrate in June 2023

Further validation of revitalized HPC strategy Record operating hashrate of 5.6 EH/s Expansion plan to 9.1 EH/s SYDNEY, Australia, July 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for June 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Jun-23 Average operating hashrate (PH/s) 5,587 Bitcoin mined 428 Mining revenue (US$'000) 11,653 Electricity costs (US$'000) 5,572 Revenue per Bitcoin (US$) 27,211 Electricity costs per Bitcoin (US$) 13,011 Corporate: Prior high-performance computing (“HPC”) data center strategy revitalized Recent discussions with prospective HPC partners (e.g.

Iris Energy Announces Monthly Investor Update for June 2023

Iris Energy Limited (NASDAQ:IREN) has announced plans to expand its green energy-powered Bitcoin mining operation to 9.1 exahashes per second (EH/s) and revitalize its high-performance computing (HPC) data center strategy. Phase 1 of construction is underway at the company's facility in Childress, Texas to add 80 Megawatts (MW) in the form of four 20 MW data centers.

Iris Energy kicks off construction to ram up its Bitcoin mining to 9.1 EH/s1 by early 2024

SYDNEY, Australia, June 20, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced its expansion plan to 9.1 EH/s and revitalization of its high-performance computing (“HPC”) data center strategy, and provided a limited recourse equipment financing update.

Iris Energy Announces 9.1 EH/s Expansion Plan and Revitalization of HPC Strategy

Iris Energy Limited (NASDAQ:IREN) has released its monthly investor update for May, revealing bitcoin mining operations that have grown significantly month-over-month.  The company mined 508 bitcoin in May, up 59% from April, generating monthly operating revenue of US$13.5 million, a 50% increase.

Iris Energy Limited ramps up Bitcoin mining hash rate

Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for May 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 May-23 Average operating hashrate (PH/s) 5,510 Bitcoin mined 508 Mining revenue (US$'000) 13,526 Electricity costs (US$'000) 6,056 Revenue per Bitcoin (US$) 26,628 Electricity costs per Bitcoin (US$) 11,922 Corporate: Increased average operating hashrate by 39% to 5.5 EH/s Investor update held on May 10, fully-funded expansion to 6.5 EH/s announced Raymond Chabot Grant Thornton LLP appointed as new auditor Further ordinary shares acquired by a director, Mr.

Iris Energy Announces Monthly Investor Update for May 2023

California Resources

Enterprise Products Partners

Kirk Spano and CashFlow Hunter return to discuss rules for shorting stocks and bank tightness. Iris Energy and Bitcoin mining.

How To Short Stocks; Bitcoin Miners, Energy Picks And A High Conviction Play With Kirk Spano And CashFlow Hunter

SYDNEY, Australia, May 22, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of a new accounting firm.

Iris Energy Announces Appointment of New Accounting Firm

Iris Energy Limited (NASDAQ:IREN ) Investor Update Conference Call May 10, 2023 5:00 PM ET Company Participants Lincoln Tan - Senior Manager, Corporate Finance Daniel Roberts - Co-Founder & Co-Chief Executive Officer Conference Call Participants Lincoln Tan Good afternoon to those of you in North America, and good morning to those of you in Australia, and welcome to the Iris Energy Investor Update. My name is Lincoln Tan, Senior Manager of Investor Relations.

Iris Energy Limited (IREN) Investor Update Conference Call Transcript

Iris Energy said it increased its Bitcoin creation in April by 85% from the previous month, mining 319 Bitcoin. In its monthly investor update, the company said its average operating rate increased 107% month-over-month to 3,965 PH/s in April while its monthly operating revenue more than doubled, up 109% at US$9 million.

Iris Energy more than doubles monthly operating revenue on increased Bitcoin mining in April

Increase in self-mining capacity to 5.5 EH/s complete First 20MW Childress data center operational Investor update call to be held on May 10 SYDNEY, Australia, May 05, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for April 2023, containing its results from operations as well as business updates. Key Highlights 1 Key metrics 2 Apr-23 Average operating hashrate (PH/s) 3,965 Bitcoin mined 319 Mining revenue (US$'000) 9,037 Electricity costs (US$'000) 4,184 Revenue per Bitcoin (US$) 28,331 Electricity costs per Bitcoin (US$) 13,118 (12,563 adj) 3 Corporate: Increased operating hashrate by 118% to 5.5 EH/s (as at May 3) Investor update call to be held on May 10, 2023 US$18.4m AEP refund received New R&D initiatives underway Further ordinary shares acquired by a director, Mr.

Iris Energy Announces Monthly Investor Update for April 2023

SYDNEY, Australia, May 03, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced that it will provide an update on its strategic priorities on May 10, 2023 Eastern Time, after the market close.

Iris Energy to Provide Investor Update on May 10, 2023

Iris Energy Limited (NASDAQ:IREN) has provided an update on the installation of its 5.5 exahashes per second (EH/s) of operating capacity, saying it has increased its operating hashrate from 4.6 EH/s to a current level of 5.2 EH/s. The sustainable Bitcoin mining company also noted that all remaining 0.3 EH/s of miners have been delivered and are pending installation.

Iris Energy continues to boost its operating hashrate

5.2 EH/s operating, remaining 0.3 EH/s pending installation First 20MW Childress data center operational

Iris Energy provides 5.5 EH/s installation update

Iris Energy Limited (NASDAQ:IREN), a sustainable Bitcoin miner, said it has increased its operating hashrate from 3.6 EH/s to 4.6 EH/s, having announced in February that it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s. The remaining 0.9 EH/s of miners have been delivered and are pending installation, the company said in a statement.

Iris Energy increases operating hashrate at Bitcoin data centers

Iris Energy Limited (NASDAQ:IREN) has provided an update on the installation of its 5.5 exahashes per second (EH/s) of operating capacity, saying it has increased its operating hashrate from 3.1 EH/s to a current level of 3.6 EH/s. The sustainable Bitcoin mining company also noted that all remaining 1.9 EH/s of miners have now been delivered and are pending installation.

Iris Energy boosts its operating hashrate; says Childress substation energized

Iris Energy Limited (NASDAQ:IREN) said in March it mined 173 bitcoin at an average operating hashrate of 1,912 PH/s, up 11% from February, while its mining revenue surged 22% from February $4.3 million. Releasing its corporate update for March, the company said electricity costs were nearly $2.2 million.

Iris Energy mined 173 bitcoin in March as capacity ramps up

Operating capacity increased by 79% to 3.1 EH/s

Iris Energy Announces Monthly Investor Update for March 2023

Iris Energy Limited (NASDAQ:IREN) has issued an update on the installation of its 5.5 EH/s of bitcoin mining capacity. The company has increased its operating hashrate, essentially the speed at which bitcoin is mined, from 2.0 EH/s to a current level of 2.8 EH/s.

Iris Energy continues to boost bitcoin mining capacity toward 5.5 EH/s

Iris Energy Limited (NASDAQ:IREN) announced that, following the start of installation of its newly-acquired miners, it has increased its operating hashrate to a current level of 2.0 exahashes per second (EH/s), which is part of the company's recently-announced increase in self-mining capacity to 5.5 EH/s.   The sustainable Bitcoin mining firm said an additional 0.8 EH/s of miners have been delivered and are in various stages of unboxing, transportation between sites and installation, while the remaining 2.7 EH/s of miners are in transit with progressive deliveries scheduled between now and the end of March with the majority expected to be operational shortly thereafter.

Iris Energy boosts Bitcoin mining capacity; completes Salvare Station switchyard

Bitfarms Ltd

Bit Digital, Inc

Hut 8 Mining Corp

Bitcoin penny stocks to watch this week. The post Best Penny Stocks To Buy Now?

Best Penny Stocks To Buy Now? 4 Bitcoin Stocks To Watch

Iris Energy Limited (NASDAQ:IREN) said it has commenced taking delivery of and installing miners in respect of its ramp-up to 5.5 EH/s of operating capacity. Delivery of the remaining miners is expected by the end of March, with the majority of these miners expected to be operational shortly thereafter, Iris said in a statement.

Iris Energy commences miner installation for ramp-up to 5.5 EH/s of operating capacity

Iris Energy commences 5.5 EH/s installation

News for Iris Energy Ltd Stock (IREN)