Slide 1: Next-generation data centers Investor Update
NOVEMBER 2023 | NASDAQ: IREN Next-generation data centers Investor Update DRAFT (9.30pm)
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Iris Energy’s future financial or operating performance. For examp
Slide 3: Executional excellence
3 Executional excellence 3 Cloud & Colocation Customer and financing conversations underway 248 NVIDIA H100 GPUs on order 260MW of next-generation data centers Profit optimization strategy Assumes completion of remaining 80MW of Phase 1 data centers at Childress and full utilization of that addition
Slide 4: Development update
4 Development update Total announced power capacity increased to >2,000MW New 1,400MW data center development site Located in the renewables-heavy West Texas region >500 acres secured under exclusive purchase options Connection agreement signed $4.7m initial connection deposit paid1 Supports core st
Slide 5: Bitcoin Mining
Bitcoin Mining
Slide 6: Expansion update
6 Executional excellence Expansion update 6 Expansion from 180MW to 260MW delivered incrementally from January 2024 Single site expansion at Childress Phase 1: data center expansion from 20MW to 100MW Phases 2 – 6: additional power and land capacity of 500MW Phase 1: Childress construction status DC
Slide 7: Illustrative unit economics (per MW)
7 Executional excellence Illustrative unit economics (per 20MW) 7 Assumes $15/TH purchase price for S21 miners (inclusive of shipping and taxes). Illustrative mining profit = revenue (gross revenue less assumed mining pool fees) less assumed electricity costs. Illustrative mining profit excludes all
Slide 8: Cloud & Colocation
Cloud & Colocation
Slide 9: Power-dense compute is our origin story
9 Executional excellence Power-dense compute is our origin story 9
Slide 10: Our competitive advantage
10 Executional excellence Our competitive advantage 10 Attractive site characteristics Supporting >70kW power draw per rack Optimized for power-dense computing Prince George is currently leased under a 30 year lease with an option to purchase during the first 10 years. Average rack densities are bel
Slide 11: Status update
11 Executional excellence Status update 11 Technical and commercial customer workstreams underway, with respect to both Cloud and Colocation solutions Cloud 248 NVIDIA H100 GPUs acquired Customer conversations ongoing, including with generative AI firms, aggregators and start-ups Debt financing work
Slide 12: Financial metrics
Financial metrics
Slide 13: Funding and liquidity
13 Executional excellence Funding and liquidity 13 NVIDIA H100 GPUs expected to be deployed into existing data center capacity. Indicative estimated remaining net capital expenditure to build out 80MW of data centers (Childress Phase 1). Indicative estimated remaining net capital expenditure to acqu
Slide 14: Bitcoin mining operating results (Jul – Sep 23)
14 Executional excellence Bitcoin mining operating results (Jul – Sep 23) 14 Financial information included above is not subject to the same closing procedures as our unaudited quarterly financial results and has not been reviewed by our independent registered public accounting firm. The preliminary
Slide 15: Thank You
Thank You