May 2024 Monthly Investor Update
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, June 06, 2024 (GLOBE NEWSWIRE) -- IREN (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 published a monthly investor update for May 2024. Key Highlights Bitcoin Mining 230 Bitcoin mined in May10 EH/s operating20 EH/s in 3Q, 30 EH/s in 4Q AI Cloud Services 816 NVIDIA H100 GPUsCurrently servicing Poolside AI and on-demand customers Data Centers 260MW operating, 510MW in 2024Childress Phase 2 & 3 construction progressing to schedule Corporate $322m cash, no debt13Q FY24 results, replay here Key MetricsMay-24Apr-24Mar-24Bitcoin Mining2 Average operating hashrate (PH/s)9,4148,2387,107Renewable energy usage (MW)3246220195Bitcoin mined230358353Mining revenue (US$'000)15,07923,69123,705Electricity costs (US$'00
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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
- 6/27/24 - Form S-8
- 6/6/24 - Form 6-K
- 5/29/24 - Form 424B3
- IREN's page on the SEC website