BTIG Research initiated coverage of IREN Limited with a rating of Buy and set a new price target of $33.00

Analyst downgraded Iris Energy from Overweight to Neutral and set a new price target of $15.00 from $9.50 previously

ROTH MKM initiated coverage of Iris Energy with a rating of Buy and set a new price target of $14.00

Needham initiated coverage of Iris Energy with a rating of Hold

Bernstein initiated coverage of Iris Energy with a rating of Outperform and set a new price target of $26.00

Cantor Fitzgerald resumed coverage of Iris Energy with a rating of Overweight and set a new price target of $23.00

JP Morgan upgraded Iris Energy from Neutral to Overweight and set a new price target of $6.50 from $6.00 previously

Cantor Fitzgerald upgraded Iris Energy from Neutral to Overweight and set a new price target of $7.00 from $4.00 previously

B. Riley Securities initiated coverage of Iris Energy with a rating of Buy and set a new price target of $4.00

H.C. Wainwright upgraded Iris Energy from Neutral to Buy and set a new price target of $8.00 from $3.00 previously

Record Revenue, $53.7m Operating Cashflow, $18.9m NPAT 75MW Liquid-Cooled Childress Data Center for AI / HPC ("Horizon 1") Developing New 600MW Sweetwater 2 Site SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the three and six months ended December 31, 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We are pleased to report our Q2 FY25 results with record revenue and operating cashflow," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "The strategic investments we have made in scale and efficiency are starting to flow through t

SYDNEY, Feb. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for January 2025. January Highlights On-track for 50 EH/s in 5 monthsInstalling direct-to-chip liquid cooling for AI / HPCAdvancing construction at 1.4GW Sweetwater ProjectProgressing multi-GW development pipeline Key MetricsJan 25Dec 24Nov 24    Bitcoin Mining   Average operating hashrate29.0 EH/s28.1 EH/s19.7 EH/sBitcoin mined1521 BTC529 BTC379 BTCRevenue (per Bitcoin)$99,789$98,524$86,065Electricity cost (per Bitcoin)2($24,683)($22,799) ($22,575)Revenue$52.0m$52.1m$32.6mElectricity costs2($12.9m)($12.1m)($8.6m)Hardw

SYDNEY, Feb. 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and six-months ended December 31, 2024, on Wednesday, February 12, 2025 and host a conference call beginning at 5:00 p.m. New York time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call Details Time & Date:5:00 p.m. New York time, Wednesday, February 12, 2025  9:00 a.m. Sydney time, Thursday, February 13, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live

SYDNEY, Jan. 21, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today provided a business update. Key highlights Announcement of $1bn at-the-market facility to support general corporate purposes, including: Expanding capacity to 57 EH/s by H2 2025, with 50 EH/s on track for H1 2025Initiating direct-to-chip liquid cooling systems in existing data centers to enable rapid scaling for cloud & colocation opportunitiesAdvancing construction at Sweetwater, including a 1,400MW substation and electrical build-out targeted for energization in April 2026Progressing a multi-gigawatt data center development pipeline to further enhanc

SYDNEY, Jan. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for December 2024. December Highlights Bitcoin MiningAI / HPC 3,984 Bitcoin mined in 2024529 Bitcoin mined in Dec$40m hardware profit in Dec150 EH/s on-track for H1 2025 1,896 NVIDIA H100 & H200 GPUsAdvancing negotiations for other AI / HPC opportunities Data CentersCorporate 510MW operating at month-end810MW on-track for H1 2025 31 EH/s year-end target achieved (original target of 20 EH/s), highlight video here    Key MetricsDec-24Nov-24Oct-24*Bitcoin Mining2   Average operating hashrate28.1 EH/s19.7 EH/s19.9 EH/sBitcoin min

SYDNEY, Dec. 23, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today announced it has reached its year-end target of 31 EH/s installed self-mining capacity, surpassing its original goal of 20 EH/s. Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: "We're proud to achieve 31 EH/s ahead of schedule, far exceeding the initial year-end target. This year began with just 20MW of operating data centers at Childress, and we successfully expanded that footprint more than 17-fold to 350MW. This remarkable progress is a testament to our 500+ on-site team, whose disciplined approach to procurement, construction, safety and in

SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction Oversubscribed and upsized from $300 million to $400 million, plus $40 million greenshoeNet proceeds of approximately $425.4 million3.25% coupon, 30% conversion premiumCapped call transactions entered into in connection with the notes are gene

SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly investor update for November 2024. Key Highlights Bitcoin Mining 379 Bitcoin mined2.96 c/kWh Childress electricity cost28 EH/s installed capacity at month- end, up by 33% from 21 EH/s50 EH/s accelerated to H1 2025 AI / HPC NVIDIA H200 GPUs undergoing customer testingAdvancing negotiations for other AI opportunitiesInstalling liquid-cooling for Blackwell GPUs   Data Centers 460MW operating at month-end, up by 28% from 360MW810MW accelerated to H1 20251.4GW Sweetwater site energization in April 2026 Corporate Q1 FY25 Results webcast, rep

SYDNEY, Dec. 04, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced the pricing of its offering of $400 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction $400 million convertible senior notes offering (3.25% coupon, 30% conversion premium)Offering size was increased from the previously announced offering size of $300 million aggregate principal amount of notesCapped call transactions entered int

SYDNEY, Dec. 03, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced its intention to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). IREN also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45 million principal amount of notes. The

SYDNEY, July 16, 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 provided a business update. The Company is pleased to announce it has appointed Morgan Stanley & Co. LLC as financial advisor in connection with evaluating monetization opportunities in the AI data center market. About IREN IREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/

SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee. During her career as a senior technology executive, Ms. Parasuraman has built and scaled world-class teams at Meta (Facebook), VMware, Genentech, and Apple. Ms. Parasuraman most recently served as the Head of Investments, New Product Experimentation at Meta (Facebook) and, prior to that,

Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for May 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2May-23Average operating hashrate (PH/s)5,510Bitcoin mined508Mining revenue (US$'000)13,526Electricity costs (US$'000)6,056Revenue per Bitcoin (US$

SYDNEY, Australia, May 22, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "Iris Energy", "the Company" or "the Group"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of a new accounting firm. The Company is pleased to advise the appointment of Raymond Chabot Grant Thornton LLP ("RCGT") as the Company's independent registered public accounting firm, effective May 19, 2023. RCGT is a Canadian member of Grant Thornton International Ltd, one of the world's largest accounting firms offering assurance, tax and advisory services.