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Hash Rate

21.0

EH/s

Efficiency

16.0

J/TH

BTC HODL

0

BTC Production

439

BTC per EH/s

22.1

Utilization

95%

Power (MW)

360

Description

IREN is a clean-energy digital infrastructure company and data center operator for Bitcoin mining and high-performance computing (“HPC”) workloads headquartered in Sydney, Australia with institutional campuses in the US and Canada. The Company specializes in securing high-capacity power interconnections to scale next-generation enterprise AI and cloud processing data hubs.

Level 12, 44 Market Street

Sydney, NSW 2000

Australia

+61 2 7906 8301

https://irisenergy.co

Sector(s): Financial Services

Industry: Capital Markets

Full Time Employees: 95

All estimated data and analysis provided by Power Analysis

IREN CCO Kent Draper Q&A | Latest IREN Strategy, News & Updates | Top IREN News Today | IREN Stock

IREN Q1 Earnings & Outlook | CCO Kent Draper | AI & HPC Growth Strategy | IREN Stock News | IREN

IREN FY25 Earnings Q&A with Daniel Roberts | AI & HPC Growth Strategy | IREN Stock News | IREN News

IREN Q3 Earnings & Outlook | Latest Bitcoin Stock News | IREN Co CEO Daniel Roberts Q&A | IREN

IREN Childress Facility Tour | Latest IREN Stock News Today | Top Stocks to Watch Now | IREN Stock N

IREN Q1 Earnings Interview | Top Bitcoin & HPC Stock to Watch Now | Bitcoin Stock News Now | IREN

Daniel Roberts

Co-Founder and Co-CEO

Daniel has over 20 years’ experience across finance, infrastructure and renewables. He previously exited as the 2nd largest individual shareholder in infrastructure fund manager, Palisade Investment Partners (billions in AUM across 23 businesses) and, prior to that, worked with Macquarie Capital and PwC across Sydney and London. Daniel is currently on the board of JOLT, a Blackrock-backed EV charging business where he is also the 2nd largest individual shareholder. His Bitcoin journey began in 2013/14 when he bought high and sold low and then went on to co-found IREN with his brother, Will Roberts, in 2018.


Will Roberts

Co-Founder and Co-CEO

Will has 13 years’ experience across resources, commodities and real assets. Will was Vice President at Macquarie Group in the Commodities & Global Markets division and involved in debt financing and principal investments across mining projects, as well as managing FX and commodity price risk. Will co-founded Macquarie’s Digital Assets team


Cesilia Kim

Chief Legal Officer

Cesilia is a Senior Executive and Lawyer with 23 years’ experience across renewable energy, water, infrastructure, corporate governance and M&A. Cesilia has a strong track record in corporate strategy, major project development and approvals, policy, regulatory reform, governance and risk management. Cesilia was most recently Snowy Hydro Limited's Group Executive and General Counsel with a broad commercial and multi-disciplinary remit, including procurement, corporate affairs, regulatory strategy and legal. Prior to this Cesilia was in private practice at Allens Linklaters.


Belinda Nucifora

Chief Financial Officer

Belinda is a Chartered Accountant and experienced Chief Financial Officer with more than 25 years’ experience in the financial services and alternative asset management industries. She has previously held chief financial officer and senior finance roles in both listed and private companies, including Merrill Lynch, Alinta Energy, Challenger, Travelex, Slater & Gordon and Laser Clinics Australia.

Belinda has deep experience in financial and strategic business leadership, including leadership of successful growth companies both organically and through M&A activity. Belinda holds a Bachelor of Commerce degree and a Bachelor of Economics degree from the University of Queensland, Brisbane, Australia, and is a Graduate of the Australian Institute of Company Directors.


David Shaw

Chief Operating Officer

David has 30 years experience working across the energy, utilities and resources sectors in the Asia Pacific and North America. David is a strategic and operational leader with an extensive background in delivering a portfolio of projects and reliable operations. David was most recently SVP Asia Pacific East of Wood's Operations Division delivering multi-million dollar critical services to complex and diverse industries.


Denis Skrinnikoff

Chief Technology Officer

Denis Skrinnikoff has been the Chief Technology Officer of IREN since October 2021. Mr. Skrinnikoff is a technologist with more than 20 years’ experience in the cloud and data center service provider space. Mr. Skrinnikoff has an extensive networking background, as well as experience operating and architecting a national fiber network, with a specialty in enterprise architecture. He has been involved in the design, construction and management of tier 3 data centers, acquisitions and mergers, and managing business units in a publicly traded company.

Monthly Miner Data

September 08, 2026, Iris Energy Limited

IREN’s 2GW Sweetwater Hub Included as Base Load in ERCOT Batch Zero

August 27, 2026, Iris Energy Limited

IREN Reports FY26 Results

August 13, 2026, Iris Energy Limited

IREN to Release FY26 Results on August 27, 2026

August 13, 2026, Iris Energy Limited

IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72

August 04, 2026, Iris Energy Limited

IREN Completes Acquisition of Mirantis

July 20, 2026, Iris Energy Limited

IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, Raises 2026 ARR Target to over $4bn

July 15, 2026, Iris Energy Limited

IREN Appoints Chief Information Security Officer

July 8, 2026, Iris Energy Limited

Letter to Shareholders from IREN’s Independent Chair

July 02, 2026, Iris Energy Limited

IREN Appoints Chief Product Officer and Chief Development Officer

June 29, 2026, Iris Energy Limited

IREN Added to Russell 1000 Index

June 25, 2026, Iris Energy Limited

Golden State and IREN Announce Landmark Partnership

June 15, 2026, Iris Energy Limited

IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe

June 03, 2026, Iris Energy Limited

IREN Announces First Australian Data Center Campus - 800MW in South Australia

June 01, 2026, Iris Energy Limited

IREN Closes $3.65bn Investment-Grade GPU Financing

May 26, 2026, Iris Energy Limited

IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress

May 18, 2026, Iris Energy Limited

IREN Acquires Awaken to Support Global Brand Growth

May 14, 2026, Iris Energy Limited

IREN Closes $3.0 Billion Convertible Notes Offering

May 12, 2026, Iris Energy Limited

IREN Prices Upsized $2.6 Billion Convertible Notes Offering

May 11, 2026, Iris Energy Limited

IREN Announces Proposed Convertible Notes Offering

May 07, 2026, Iris Energy Limited

IREN Secures $3.4bn AI Cloud Contract with NVIDIA

May 07, 2026, Iris Energy Limited

IREN Business Update and Q3 FY26 Results

May 07, 2026, Iris Energy Limited

IREN Expands AI Cloud Platform to Europe with Acquisition of Nostrum Group

May 05, 2026, Iris Energy Limited

IREN Announces Acquisition of Mirantis to Strengthen AI Cloud Delivery Capabilities

May 01, 2026, Iris Energy Limited

IREN Announces Successful Energization of Sweetwater 1

April 23, 2026, Iris Energy Limited

IREN to Release Q3 FY26 Results on May 7, 2026

March 04, 2026, Iris Energy Limited

IREN Expands AI Cloud Capacity to 150,000 GPUs

February 17, 2026, Iris Energy Limited

IREN Appoints John Gross as Chief Innovation Officer

February 12, 2026, Iris Energy Limited

IREN Added to MSCI USA Index

February 05, 2026, Iris Energy Limited

IREN Reports Q2 FY26 Results

January 22, 2026, Iris Energy Limited

IREN to Release Q2 FY26 Results on February 5, 2026

December 08, 2025, Iris Energy Limited

IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible Notes

December 03, 2025, Iris Energy Limited

IREN Announces Pricing of Ordinary Shares Offering to Fund the Repurchase of Convertible Notes

December 03, 2025, Iris Energy Limited

IREN Prices $2 Billion Convertible Notes Offering

December 1, 2025, Iris Energy Limited

IREN Announces Proposed Convertible Notes Offering

December 1, 2025, Iris Energy Limited

IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible Notes

November 6, 2025, Iris Energy Limited

IREN Reports Q1 FY26 Results

November 3, 2025, Iris Energy Limited

IREN Secures $9.7bn AI Cloud Contract with Microsoft

October 23, 2025, Iris Energy Limited

IREN to Release Q1 FY26 Results on November 6, 2025

October 14, 2025, Iris Energy Limited

IREN Closes $1.0 Billion Convertible Notes Offering

October 09, 2025, Iris Energy Limited

IREN Prices $875 Million Convertible Notes Offering

October 07, 2025, Iris Energy Limited

IREN Announces Proposed Convertible Notes Offering

October 07, 2025, Iris Energy Limited

IREN Secures New Multi-Year AI Cloud Contracts

September 22, 2025, Iris Energy Limited

IREN Doubles AI Cloud to 23k GPUs, Raises AI Cloud ARR Target to >$500m

September 08, 2025, Iris Energy Limited

IREN August 2025 Monthly Update

September 08, 2025, Iris Energy Limited

IREN Appoints Anthony Lewis as Chief Financial Officer

August 28, 2025, Iris Energy Limited

IREN Expands AI Cloud to 10.9k GPUs, with NVIDIA Preferred Partner Status and Additional Financing Secured

August 28, 2025, Iris Energy Limited

IREN Reports Full Year FY25 Results

August 25, 2025, Iris Energy Limited

IREN Purchases 4.2k NVIDIA Blackwell GPUs & Secures Financing - AI Cloud Expanded to 8.5k GPUs

August 14, 2025, Iris Energy Limited

IREN to Release FY25 Results on August 28, 2025

August 06, 2025, Iris Energy Limited

IREN July 2025 Monthly Update

July 07, 2025, Iris Energy Limited

IREN June 2025 Monthly Update

July 03, 2025, Iris Energy Limited

IREN Expands AI Cloud with 2.4k NVIDIA Blackwell GPUs

July 01, 2025, Iris Energy Limited

IREN Appoints Anthony Lewis as Chief Capital Officer to Lead Capital Markets Strategy

June 30, 2025, Iris Energy Limited

IREN Achieves Mid-Year Target of 50 EH/s

June 13, 2025, Iris Energy Limited

IREN closes upsized $550 million convertible notes offering

June 11, 2025, Iris Energy Limited

IREN prices upsized $500 million convertible notes offering

June 10, 2025, Iris Energy Limited

IREN announces proposed convertible notes offering

June 05, 2025, Iris Energy Limited

IREN May 2025 Monthly Update

May 14, 2025, Iris Energy Limited

IREN Reports Q3 FY25 Results

May 06, 2025, Iris Energy Limited

IREN April 2025 Monthly Update

May 02, 2025, Iris Energy Limited

IRENto Release Q3 FY25Results on May 14, 2025

April 16, 2025, Iris Energy Limited

IRENcapacity increased to 40EH/s

April 04, 2025, Iris Energy Limited

IREN March 2025 Monthly Update

March 31, 2025, Iris Energy Limited

IREN Business Update

March 20, 2025, Iris Energy Limited

IREN Restatement of Previously Issued Financial Statements

March 17, 2025, Iris Energy Limited

IREN Secures 2.75GW for Data Centers inWest Texas with New 600MWGrid Connection Agreement

March 06, 2025, Iris Energy Limited

IREN February 2025 Monthly Update

February 12, 2025, Iris Energy Limited

IREN Reports Q2 FY25 Results

February 03, 2025, Iris Energy Limited

IREN to Release Q2 FY25 Results on February 12, 2025

January 21, 2025, Iris Energy Limited

IREN Business Update

January 07, 2025, Iris Energy Limited

IREN December 2024 Monthly Update

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IREN Q1 Earnings Interview | Top Bitcoin & HPC Stock to Watch Now | Bitcoin Stock News Now | IREN

Highlights from Bitcoin Mining Podcast

IREN’s 20% Stock Surge

- Driven by innovative strategies and the leadership of Kent Draper, leveraging his expertise in infrastructure, banking, and renewable energy.

- Vertically integrated operations across British Columbia and Texas address energy concerns while meeting booming demand in Bitcoin mining, AI, and HPC.

- The Sweetwater site in Texas highlights creative naming and strategic site development.

Strategic Cost Reduction and Transparency

- Childress site expansion promises lower electricity costs, enhancing IREN's competitive edge in the mining industry.

- IREN is setting new standards in investor communication and transparency, including potential adoption of metrics like hash price and hash cost for clearer insights.

- Strategic partnerships with Bitmain and global hyperscalers, including major tech giants, underscore IREN’s market positioning despite recent tariff challenges.

Ambitious Growth Plans

- Targeting 50 exahash through expanded data center capacity and a potential pivot to HPC and AI applications.

- Flexibility to adapt infrastructure from Bitcoin mining to AI or HPC if more profitable.

- Exploring U.S. domiciling benefits and the potential for Bitcoin dividends by 2025 to attract retail investors and maximize shareholder value.

Innovations in Data Center Development

- Partnerships with hyperscalers leverage IREN’s expertise in building high-performance, power-dense data centers for AI-specific applications.

- Advancements in air-cooled capacity, robust networking solutions, and renewable energy integration position IREN as a leader in next-gen data infrastructure.

- Sweetwater’s 1.4 gigawatt site exemplifies IREN’s commitment to scalability and adaptability.

Technological and Operational Advancements

- Demand for H100 and H200 fleets and innovations like Blackwell GPUs highlight IREN’s technical edge.

- Focus on power infrastructure, supported by signed connection agreements, ensures readiness for future hyperscaler demand.

- A team with deep expertise in construction, renewable energy, and capital raising drives operational success.

Industry Leadership and Future Outlook

- IREN is redefining the standards of cost efficiency, sustainability, and transparency in Bitcoin mining.

- Strategic foresight positions them to capitalize on emerging trends in AI, HPC, and blockchain technologies.

- The potential for Bitcoin dividends and expanded market engagement promises enhanced shareholder value.

Key Takeaways

- IREN exemplifies adaptability and forward-thinking strategies in a rapidly evolving digital economy.

- Insightful analysis of cost reduction, strategic partnerships, and growth plans provides a comprehensive look at IREN’s future.

- A must-listen for investors and enthusiasts keen on understanding the dynamics of Bitcoin mining and data center innovation.

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IREN Childress Facility Tour | Latest IREN Stock News Today | Top Stocks to Watch Now | IREN Stock News

We tour Iren’s Childress campus to see how power, cooling, and repeatable design create a mega-scale platform for Bitcoin mining today and HPC AI tomorrow. From grid ties and substation planning to closed-loop water and 20-year infrastructure, we map the strategy behind the Microsoft deal.

  • Community impact in Childress and local hiring
  • 750 MW campus scale with 500 MW operating
  • Grid-connected power and 345 kV lines
  • Substation readiness and long-lead equipment
  • Air-cooled Bitcoin halls and noise control
  • Onsite repair shop and uptime culture
  • Closed-loop cooling, wells, and water logistics
  • Microsoft five-year GPUs vs 20-year buildings
  • Future-proofing for higher rack density
  • Safety, security, and site operations at scale
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IREN Q1 Earnings & Outlook | CCO Kent Draper | AI & HPC Growth Strategy | IREN Stock News | IREN

We break down IREN’s leap from top-tier bitcoin mining margins to a $10B Microsoft GPU-as-a-service contract, and how prepayments, Dell terms, and disciplined financing de-risk the build. The conversation spans GPU paybacks, ERCOT policy shifts, BC growth, and the balance between mining and AI.

  • Q1 operating highlights and mid‑60s gross margins
  • Details of the $10B Microsoft agreement and diligence
  • Prepayments, Dell payment terms, and lease financing
  • Two‑year GPU paybacks and mid‑30s equity IRRs
  • GPU lifespan versus 20‑year data center life
  • Repairs, warranties, and Dell‑backed liquid cooling
  • Expansion at Childress, Horizons 1–4, and Sweetwater
  • Security design for multi‑tenant hyperscaler sites
  • Mining cash flow versus staged AI displacement
  • Fleet efficiency, upgrade posture, and strategy
  • ERCOT SB6 queue cleanup and grid approvals
  • Global site criteria: renewables, OECD, colder climates
  • BC update: pre‑contracted GPUs and rapid conversions
  • Funding mix: converts, corporate debt, ATM optionality
  • Local hiring, training, and community investment