Slide 1: IREN monthly investor update for April 2024 - Key Highlights
SYDNEY, Australia, May 6, 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 April 2024. Key Highlights
Slide 2: April operations
April operations • Average operating hashrate of 8.2 EH/s (now expanded to 9.4 EH/s) • Monthly mining revenue was flat vs. March with higher operating hashrate offset by slightly lower Bitcoin price, increase in network hashrate and decrease in block subsidy post-halving 2024 expansion to 20 EH/s •
Slide 3: IREN GPU deployment at Prince George data center
IREN GPU deployment at Prince George data center AI Cloud Services • 816 NVIDIA H100 GPUs o Upsized (doubled to 504 GPUs) and extended AI cloud services agreement with Poolside o Testing on-demand cloud market • 816 GPUs generates an estimated ~$14-$17m of annualized hardware profit (~24 month payba
Slide 4: Childress (April 2024)
Childress (April 2024) 510MW of data centers in 2024 • Childress Phase 1 (first 100MW) – H1 2024 o Supports expansion to 10 EH/s o 85MW operating, 15MW under construction • Childress Phase 2 & 3 (next 250MW) – H2 2024 o Additional 50MW now to be commissioned as part of Childress Phase 3 o Enabled th
Slide 5: 3Q FY24 results release and upcoming events
IREN Co-Founder & Co-CEO Will Roberts presenting at CheatCode Bedford 3Q FY24 results release (May 15, 2024) • IREN to release its 3Q FY24 financial results and host a conference call on Wednesday, May 15, 2024 beginning at 5.00pm USA EDT (Thursday, May 16, 7.00am AEST time) • Register for the webca
Slide 6: Subscribe to email alerts for IREN news and SEC filings
To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts .