IREN

IREN is pleased to announce the closing of its $440m convertible notes offering. https://lnkd.in/gUvts2qP

IREN is pleased to provide our monthly investor update for November 2024. Key highlights: - 379 Bitcoin mined - 2.96 c/kWh Childress electricity cost - 28 EH/s installed at month-end - 15 J/TH fleet efficiency - 50 EH/s accelerated from H2 to H1 2025 - H200 GPUs undergoing customer testing - 1.4GW Sweetwater site progressing https://lnkd.in/gup3AePr

IREN is pleased to provide a business update. - Self-mining capacity increased by 33% from 21 EH/s to 28 EH/s - Fleet-wide efficiency improved to 15 J/TH - Childress Phase 3 construction near complete - Sufficient miner inventory on-site to achieve 31 EH/s this month - Construction underway to support 50 EH/s expansion in H1 2025 https://lnkd.in/g3rCpNpH

IREN Chief Commercial Officer Kent Draper discusses highlights from Q1 FY25 earnings with Anthony Power and Bryce McNallie – link to full interview below: https://lnkd.in/eHNbvWBF 

What an exciting week at #SC24 Atlanta! Thank you to the thousands of delegates who visited the IREN booth. We had a productive time engaging with industry leaders and customers, exchanging perspectives on advancements in HPC, AI, and emerging technologies. Looking forward to seeing everyone next year at #SC25 in St. Louis!

IREN today reported its Q1 FY25 results. Key highlights: - Mining revenue of $49.6m (813 Bitcoin mined) - AI Cloud Services revenue of $3.2m - 31 EH/s just weeks away ($29k all-in cash cost per Bitcoin) - 50 EH/s expansion accelerated from H2 to H1 2025 - Focused on alternative funding instruments - Potential for investor distributions in 2025 - Transition to U.S. domestic issuer The presentation and webcast replay can be accessed here: https://lnkd.in/gqHTAeeG

1 week until #SC24 Atlanta! Stop by Booth 3531 to see how IREN’s partnership with NVIDIA accelerated computing delivers scalable, sustainable AI cloud solutions. Discover how accelerated computing can bring your AI to market faster with unmatched performance and efficiency. Learn more at irencloud.com

Insights from IREN's commercial leaders roundtable At IREN's Day 2 roundtable today, senior commercial leaders from AI and technology companies gathered to discuss strategies for advancing AI innovation. Conversations were centered around accelerating AI development, approaches to commercializing AI solutions, optimizing infrastructure to support AI workloads and leveraging the latest in GPU technology. Thank you to everyone who contributed to today’s session. Looking forward to reconnecting in the future!

IREN is a proud partner of Dell Technologies. Together, we’re delivering sustainable, high performance AI Cloud Services to companies on the leading edge of AI & ML!

Bitcoin at all-time highs. 📈 With the value of gold approaching $20 trillion, a $1M BTC would put the two assets in the same league. And with the U.S. Government now considering a strategic bitcoin reserve, it's clear that Bitcoin is no longer just 'magic internet money.' Where do you think this road leads? 🌎