IREN Achieves 31 EH/s Year-End Target
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, Dec. 23, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”) today announced it has reached its year-end target of 31 EH/s installed self-mining capacity, surpassing its original goal of 20 EH/s. Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: “We’re proud to achieve 31 EH/s ahead of schedule, far exceeding the initial year-end target. This year began with just 20MW of operating data centers at Childress, and we successfully expanded that footprint more than 17-fold to 350MW. This remarkable progress is a testament to our 500+ on-site team, whose disciplined approach to procurement, construction, safety and innovation has been instrumental in achieving our ambitious growth targets. Their efforts provide a strong foundation as we progress toward our next milestone of 50 EH/s in H1 2025. With industry-leading efficiency, low electricity costs, and unmatched execution capabilities, IREN is positioned as
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- Iris Energy Limited (NASDAQ: IREN) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $15.00 price target on the stock, up previously from $9.50.MarketBeat
IREN
Sec Filings
- 12/23/24 - Form 6-K
- 12/6/24 - Form 6-K
- 12/6/24 - Form 6-K
- IREN's page on the SEC website