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Iris Energy | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcement ·  Jul 5 19:41
Summary by Futu AI
On July 5, 2024, Iris Energy Limited, also known as IREN and listed on NASDAQ, provided a monthly investor update for June 2024. The update highlighted the company's operations in Bitcoin mining and AI Cloud Services, as well as developments in their data centers and corporate financial status. In June, IREN mined 233 Bitcoin and reported an average operating hashrate of 9,316 PH/s. The company's renewable energy usage stood at 246 MW. Revenue from Bitcoin mining reached $15.49 million, while AI Cloud Services brought in $1.078 million. IREN reported a cash position of $425.3 million with no debt, and its 2024 expansion plans are fully funded. The update also detailed the progress of their data centers, with 260MW currently operating and an additional 510MW expected by the end of...Show More
On July 5, 2024, Iris Energy Limited, also known as IREN and listed on NASDAQ, provided a monthly investor update for June 2024. The update highlighted the company's operations in Bitcoin mining and AI Cloud Services, as well as developments in their data centers and corporate financial status. In June, IREN mined 233 Bitcoin and reported an average operating hashrate of 9,316 PH/s. The company's renewable energy usage stood at 246 MW. Revenue from Bitcoin mining reached $15.49 million, while AI Cloud Services brought in $1.078 million. IREN reported a cash position of $425.3 million with no debt, and its 2024 expansion plans are fully funded. The update also detailed the progress of their data centers, with 260MW currently operating and an additional 510MW expected by the end of 2024. The Childress site in Texas is undergoing expansion, with phases 2 and 3 under construction. The company is also exploring monetization options for its power and land portfolio. Upcoming events include an Analyst & Institutional Investor Briefing and a Retail Investor Event in New York City on July 23, 2024, followed by participation in Bitcoin 2024 in Nashville from July 25-27, 2024.

This announcement is a separate document:

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