Iren Limited · NASDAQ:IREN
Iren — Iris Energy — Corporate Update (March 2024)
6 slides from Iren's corporate update, Mar 6, 2024
Slide 1: Monthly investor update for February 2024: Key Highlights
SYDNEY, Australia, March 6, 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 published a monthly investor update for Februa
Slide 2: Bitcoin Mining
Bitcoin Mining
Slide 3: February operations
February operations • Operating hashrate increased to 7 EH/s (Feb 29, 2024) • Monthly mining revenue increased to $15.2m primarily due to higher average hashrate of 6.3 EH/s and higher Bitcoin price of $49.1k Expansion to 20 EH/s in 2024 • H1 2024 (10 EH/s) - 7 EH/s installed, remaining 3 EH/s to be
Slide 4: IREN's Prince George NVIDIA H100 cluster
IREN's Prince George NVIDIA H100 cluster GPU cloud service contract signed • Contract secured with leading AI company, poolside, following rigorous customer testing requirements • Initial 3-month term and extension option for an additional 3-months at the customer's election • Additional customer co
Slide 5: Childress Phase (100 MW) construction progress
Childress Phase 1 (100 MW) construction progress Construction update • Childress Phase 1 (first 100MW) o Supports expansion to 10 EH/s in H1 2024 o 60MW energized, 40MW to be commissioned in the coming months • Childress Phases 2 & 3 (next 200MW) o Supports expansion to 20 EH/s in H2 2024 o Site civ
Slide 6: Times Square, February 16, 2024
Times Square, February 16, 2024 Rebrand from Iris Energy to IREN • Official name change to IREN, to better reflect our expanding next-generation data center business • Same business. Same goals. Different name. Second Quarter FY24 Financial Results • On February 15, 2024, IREN reported financial res