Exhibit No. | Description | |||||||
Press Release of Iris Energy Limited (dba IREN), dated October 16, 2024 |
Iris Energy Limited | ||||||||
Date: October 16, 2024 | By: | /s/ Daniel Roberts | ||||||
Daniel Roberts | ||||||||
Co-Chief Executive Officer and Director |
Exhibit No. | Description | |||||||
Press Release of Iris Energy Limited (dba IREN), dated October 16, 2024 |
Iris Energy Limited | ||||||||
Date: October 16, 2024 | By: | /s/ Daniel Roberts | ||||||
Daniel Roberts | ||||||||
Co-Chief Executive Officer and Director |
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Date | Price Target | Rating | Analyst |
---|---|---|---|
10/2/2024 | $14.00 | Buy | ROTH MKM |
9/4/2024 | Hold | Needham | |
7/10/2024 | $26.00 | Outperform | Bernstein |
6/11/2024 | $23.00 | Overweight | Cantor Fitzgerald |
10/11/2023 | $6.00 → $6.50 | Neutral → Overweight | JP Morgan |
5/12/2023 | $4.00 → $7.00 | Neutral → Overweight | Cantor Fitzgerald |
4/6/2023 | $4.00 | Buy | B. Riley Securities |
2/16/2023 | $3.00 → $8.00 | Neutral → Buy | H.C. Wainwright |
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
6-K - Iris Energy Ltd (0001878848) (Filer)
6-K - Iris Energy Ltd (0001878848) (Filer)
6-K - Iris Energy Ltd (0001878848) (Filer)
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, 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
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13D/A - Iris Energy Ltd (0001878848) (Subject)
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
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$'000)6,056Revenue per Bitcoin (US$