IREN Business Update
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, Jan. 21, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”) today provided a business update. Key highlights Announcement of $1bn at-the-market facility to support general corporate purposes, including: Expanding capacity to 57 EH/s by H2 2025, with 50 EH/s on track for H1 2025Initiating direct-to-chip liquid cooling systems in existing data centers to enable rapid scaling for cloud & colocation opportunitiesAdvancing construction at Sweetwater, including a 1,400MW substation and electrical build-out targeted for energization in April 2026Progressing a multi-gigawatt data center development pipeline to further enhance IREN’s portfolio of scarce power and land resources Ongoing analysis and evaluation of diverse capital sources, focusing on an optimal mix of debt and equity 1. Upgrading target to 57 EH/s IREN is excited to announce its expanded growth target, increasing capacity to 57 EH/s by H2 2025.
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News
- Why The Next 12-18 Months Are Crucial For IREN's Growth [Seeking Alpha]Seeking Alpha
- IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible NotesGlobeNewswire
- IREN (NASDAQ:IREN) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
- IREN Limited (IREN): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Why The Market Just Nuked IREN: This Selloff Makes No Sense [Seeking Alpha]Seeking Alpha
IREN
Sec Filings
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- IREN's page on the SEC website