6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

6-K - Iris Energy Ltd (0001878848) (Filer)

EFFECT - Iris Energy Ltd (0001878848) (Filer)

POS AM - Iris Energy Ltd (0001878848) (Filer)

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

Cantor Fitzgerald downgraded Iris Energy from Overweight to Neutral and set a new price target of $3.00

JP Morgan downgraded Iris Energy from Overweight to Neutral

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.

Cantor Fitzgerald analyst Brett Knoblauch reiterates Iris Energy (NASDAQ:IREN) with a Overweight and maintains $23 price target.

Iris Energy (NASDAQ:IREN) is back in the spotlight, with analysts at Canaccord singing its praises for its efficient Bitcoin mining capabilities and potential for future diversification. What Happened: Citing the company’s massive power capacity and ongoing data center construction, Canaccord raised its share price target for Iris Energy to $15, up from $12, Coindesk reported. “The company is building a massive 510 megawatts (MW) of data centers in 2024 alone,” explained lead analyst Joseph Vafi in the report. “On top of that, they’ve secured a staggering 2,160 MW of power capacity and have a 1 gigawatt (GW) plus development pipeline.” This puts Iris Energy in a league of its o

Iris Energy Limited (NASDAQ:IREN) shares are trading higher. The company on Wednesday announced that it increased its power capacity by 150MW at one of its sites. What Happened: Bitcoin (CRYPTO: BTC) miner Iris Energy said it secured an additional 150MW of immediately available power capacity at its Childress site, bringing power capacity at the site up to 750 MW from 600MW. The Childress site increase raises the company’s total secured grid-connected power capacity to 2,310MW. This increase follows the approval of network studies by ERCOT and execution of an amended connection agreement with AEP. Iris Energy said it has 510MW of data centers planned in 2024 and 910MW of data cente

Canaccord Genuity analyst Joseph Vafi maintains Iris Energy (NASDAQ:IREN) with a Buy and raises the price target from $12 to $15.

HC Wainwright & Co. analyst Mike Colonnese reiterates Iris Energy (NASDAQ:IREN) with a Buy and maintains $15 price target.

In the run-up to the upcoming 2024 elections, analysts from research and brokerage firm Bernstein have suggested that Bitcoin (CRYPTO: BTC) traders may not have fully considered the possible victory of former President Donald Trump, an event that could significantly shake up the cryptocurrency market. What Happened: The Bernstein team, led by Gautam Chhugani, posits that the market has not accounted for a potential positive shift in cryptocurrency regulations if Trump is reelected in November, a Decrypt report stated Monday. They anticipate significant growth stemming from institutional investors allocating to cryptocurrency and associated stocks. Bernstein analysts are keeping a close

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/26/24 $125.00 $211.5K 43.0K 138.7K AAPL CALL SW

Iris Energy Limited (NASDAQ:IREN) shares are trading higher Tuesday after the company appointed Morgan Stanley as a financial advisor in connection with the evaluation of AI monetization opportunities. What Happened: Bitcoin (CRYPTO: BTC) miner Iris Energy provided a business update on Tuesday showing that it appointed Morgan Stanley as a financial advisor as it evaluates opportunities in the AI data center market. The news comes with Iris Energy shares down about 7% over the past week following a short report from Culper Research. The stock fell more than 13% last week after Culper argued shares were significantly overvalued. A spokesperson for Iren responded to the report saying,

SYDNEY, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three months ended September 30, 2024, on Tuesday, November 26, 2024 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 DetailsTime & Date:5:00 p.m. New York time, Tuesday, November 26, 2024  9:00 a.m. Sydney time, Wednesday, November 27, 2024  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&A

SYDNEY, Nov. 06, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly investor update for October 2024. Key Highlights AI Cloud ServicesBitcoin Mining Additional 1,080 NVIDIA H200 GPUs being commissioned Preparing data centers for liquid-cooled Blackwell GPUs 439 Bitcoin mined21 EH/s installed (16 J/TH efficiency); 31 EH/s in 4Q 2024 Data CentersCorporate 1.4GW site target energization now April 2026Ongoing discussions with multiple hyperscalers regarding monetization structures 1Q FY25 earnings to be released in coming weeks Key MetricsOct-24Sep-24Aug-24AI

AI Cloud Services continuing to scale 1.4GW data center project energization now April 2026 SYDNEY, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today provided a business update. AI Operations Scaling with Strong Profit Contribution IREN's AI Cloud Services division is expected to be generating approximately $32 million in annualized hardware profit by the end of December 2024, contributing approximately 10% to the company's overall earnings.1 Key updates include: GPU Utilization: The company's current fleet of 816 NVIDIA H100 GPUs is nearing full utilization, with pending contracts expected to cover the rem

SYDNEY, Oct. 04, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly investor update for September 2024. Key Highlights Bitcoin MiningAI Cloud Services 347 Bitcoin mined$23.6k electricity cost per Bitcoin21 EH/s installed (16 J/TH efficiency)31 EH/s in 4Q 2024 1,896 NVIDIA H100 & H200 GPUsEstimated to contribute ~10% to run-rate earnings by year-end1    Data CentersCorporate 360MW operating, 510MW in 2024Monetization conversations ongoing Community Grants Program underway Key MetricsSep-24Aug-24Jul-24Bitcoin Mining2   Average operating hashrate (EH/s)16.510.99.0Renewable energy usage (MW)329024

SYDNEY, Australia, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today provided a business update. "We are pleased to announce that we've reached our 20 EH/s milestone ahead of schedule. This achievement reflects the hard work of our global team. Thank you for your dedication and efforts in making this happen," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We look forward to continuing this momentum as we expand to over 30 EH/s in the next three months." IREN achieves 20 EH/s milestone IREN has increased its installed capacity to 20 EH/s (16 J/TH efficiency). Through optimization of its existing data

SYDNEY, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced the purchase of 1,080 latest-generation NVIDIA H200 GPUs to support its growing AI Cloud Services business. "We're seeing strong levels of demand for new-generation GPUs. Ongoing discussions with NVIDIA and participation in their Cloud Partner Program gives us added confidence in deploying this new capacity," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "This purchase is estimated to increase the AI Cloud Services proportion of IREN earnings to ~10% by year-end, a proportion we expect to continue growing through 2025." 1 Expansion of AI Cloud

SYDNEY, Sept. 05, 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 August 2024. Key Highlights Bitcoin Mining 245 Bitcoin mined in Aug16 EH/s installed (as of Sep 4)20 EH/s in Sep, 30 EH/s in 4Q Data Centers  300MW operating, 510MW in 2024Monetization conversations ongoing AI Cloud Services 816 NVIDIA H100 GPUs, servicing multiple customers  Corporate FY24 Results webcast, replay available here Key MetricsAug-24Jul-24Jun-24Bitcoin Mining1   Average operating hashrate (PH/s)10,9409,0089,316Renewab

Record Adjusted EBITDA of $54.7 million in FY24 On track for 30 EH/s in 2024 AI business strategy update SYDNEY, Aug. 28, 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 reported its financial results for the full year ended June 30, 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We are pleased to report our full year FY24 results, which highlights continued growth across revenue, earnings and cashflow," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "Our 2024 guidance re

SYDNEY, Australia, Aug. 20, 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 announced that it will release its financial results for the full year ended June 30, 2024, on Wednesday, August 28, 2024 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 DetailsTime & Date:5:00 p.m. New York time, Wednesday, August 28, 2024 7:00 a.m. Sydney time, Thursday, Au

SYDNEY, Aug. 06, 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 July 2024. Key Highlights Bitcoin MiningAI Cloud Services 222 Bitcoin mined in July10.5 EH/s installed (as of Aug 5)20 EH/s in 3Q, 30 EH/s in 4Q 816 NVIDIA H100 GPUsServicing multiple reserved/on-demand customers Data CentersCorporate 260MW operating, 510MW in 2024Childress power capacity increased from 600MW to 750MW Morgan Stanley appointed financial advisorAnalyst & Investor Day, presentation available here  Key MetricsJul-24J

SYDNEY, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three months ended September 30, 2024, on Tuesday, November 26, 2024 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 DetailsTime & Date:5:00 p.m. New York time, Tuesday, November 26, 2024  9:00 a.m. Sydney time, Wednesday, November 27, 2024  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&A

SYDNEY, Australia, Aug. 20, 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 announced that it will release its financial results for the full year ended June 30, 2024, on Wednesday, August 28, 2024 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 DetailsTime & Date:5:00 p.m. New York time, Wednesday, August 28, 2024 7:00 a.m. Sydney time, Thursday, Au

SYDNEY, Australia, May 06, 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 announced that it will release its financial results for the three-months ended March 31, 2024, on Wednesday, May 15, 2024 USA Eastern Daylight Time and will host a conference call beginning at 5:00 p.m. USA Eastern Daylight 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 DetailsTime & Date:5:00 p.m. USA Eastern Dayl

SYDNEY, Australia, May 06, 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 Bitcoin MiningAI Cloud Services 358 Bitcoin mined in April9.4 EH/s operating, 10 EH/s in MayExpansion ahead of schedule 816 NVIDIA H100 GPUsUpsized and extended agreement with Poolside Data CentersCorporate 245MW operating, 510MW in 2024Childress Phase 3 expansion upsized by 50MW, supporting growth beyond 20 EH/s in 2024 3Q FY24 results release on May 15, 2024, register here20 EH/s expansion fu

SYDNEY, Australia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "Iris Energy" or "the Company"), a leading owner and operator of next-generation data centers powered by 100% renewable today reported its financial results for the three and six-months ended December 31, 2023. All $ amounts are in United States Dollars ("USD") unless otherwise stated. Rebrand from Iris Energy to IREN Iris Energy is excited to announce our official name change to IREN, a decision which better reflects our expanding next-generation data center business. Same business. Same goals. Different name. Second Quarter FY24 Financial Results "The business has

SYDNEY, Australia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "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 that it will release its financial results for the three and six-months ended December 31, 2023, on Thursday, February 15, 2024 USA Eastern Time and will host a conference call beginning at 5:00 p.m. USA Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://investors.irisenergy.co/events-and-presentations Webcast and Conference Detail

10 EH/s expansion fully fundedConstruction ahead of schedule SYDNEY, Australia, Jan. 05, 2024 (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 December 2023, containing its results from operations as well as business updates. Key Highlights1 4,123 BTC mined in calendar year 2023 Key metrics2Dec-23Average operating hashrate (PH/s)5,576Bitcoin mined399Mining revenue (US$'000)17,174Electricity costs (US$'000)35,926Revenue per Bitcoin (US$)43,056Electricity costs pe

SYDNEY, Australia, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "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 acquisition of 1.6 EH/s of Bitmain T21 miners to increase self-mining capacity to 10 EH/s. Key Highlights 1.6 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH)$14/TH purchase price ($22.3 million)1Fulfills the Company's goal of expanding self-mining capacity to 10 EH/s: Current: 5.6 EH/s operatingShipping Q1 2024: 1.4 EH/s Bitmain S21 minersShipping Q1 2024: 1.3 EH/s Bi

Expansion on track to 10 EH/sNew 1,400MW data center development site in West Texas SYDNEY, Australia, Dec. 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 November 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2Nov-23Average operating hashrate (PH/s)5,551Bitcoin mined369Mining revenue (US$'000)13,714Electricity costs (US$'000)35,730Revenue per Bitcoin (US$)37,155Electricity costs per Bitcoin (US$)1

Expansion on track to 10 EH/s SYDNEY, Australia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "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 acquisition of 1.3 EH/s of Bitmain T21 miners to increase self-mining capacity to 8.3 EH/s. Key Highlights 1.3 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH)Improves overall fleet efficiency to 25.8 J/TH$14/TH purchase price ($18.6 million), with 20% deferredSelf-mining capacity expanded to 8.3 EH/s: 5.6 EH/s operating1.4 EH/s Bitmain S21 mi