Business Update
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
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 debt30 EH/s and 510MW of data centers in 2024 fully fundedAdditional cash buffer, providing flexibility in respect of: procurement items for 2025+ expansion;prospective connection agreements for additional power capacity; andother general purposes, e.g. in relation to potential power monetization activities (see below) Monetization program for power and land portfolio Near-term focus on accelerating monetization opportunities for broader power and land portfolio, including the 1,400MW project in West TexasAll options under consideration, including asset sales, colocation deals, joint ventures, build-to-suit data centers, as well as expansion of existing GPU fleet
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IREN
News
- Iris Energy Limited (NASDAQ: IREN) had its price target raised by analysts at B. Riley from $9.50 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan [Yahoo! Finance]Yahoo! Finance
- Iris Energy Limited (NASDAQ: IREN) was upgraded by analysts at Cantor Fitzgerald to a "strong-buy" rating.MarketBeat
- Loss-Making Iris Energy Limited (NASDAQ:IREN) Set To Breakeven [Yahoo! Finance]Yahoo! Finance
- Iris Energy Limited (NASDAQ: IREN) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $23.00 price target on the stock.MarketBeat
IREN
Sec Filings
- 7/3/24 - Form SCHEDULE
- 7/1/24 - Form 6-K
- 6/27/24 - Form S-8
- IREN's page on the SEC website