iren
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š¢š¢š¢š¢ Most mining companies' ratings are a look into the past
Everything is based on lagging data from reports. We took a different path ā we built real-time.
Now you can track the daily revenue of MARA, RIOT, IREN, and others ā directly from the blockchain. No delays. Just numbers, just hardcore.
Real metrics. Pure on-chain analytics. As transparent as possible.
Follow the miners ā like a trader, not like an investor from last year.
#mara #riot #iren
Everything is based on lagging data from reports. We took a different path ā we built real-time.
Now you can track the daily revenue of MARA, RIOT, IREN, and others ā directly from the blockchain. No delays. Just numbers, just hardcore.
Real metrics. Pure on-chain analytics. As transparent as possible.
Follow the miners ā like a trader, not like an investor from last year.
#mara #riot #iren
š IREN & WULF Shares Surge on Billion-Dollar Debt Deals
Both companies launch major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure.
#stocks #iren #WULF #FinanceNews
Both companies launch major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure.
#stocks #iren #WULF #FinanceNews
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IRENās Financial Performance Improves Significantly in 2024:
The company reported record revenues of $184.1 million from Bitcoin mining, compared to $75.5 million in the previous fiscal year.
IREN mined 4,191 Bitcoins during the year, compared to 3,259 Bitcoins in 2023.
Adjusted net income before interest, taxes, and depreciation also improved significantly, rising to $54.7 million compared to $1.4 million in the previous year.
The company turned to positive net income before interest, taxes, and depreciation of $19.6 million, compared to a loss of $123.2 million in fiscal 2023.
Daniel Roberts, co-founder and co-CEO of IREN, said:
We are pleased to announce our annual results for fiscal 2024, which highlight continued growth in revenue, earnings, and cash flow.
We are on track to achieve our target of 20 EH/S next month and 30 EH/S this year.
Argo Blockchain, another company in the sector, reported 18% revenue growth in the first half of 2024, despite a 50% decline in its cryptocurrency output
IREN AI Cloud Services, generating $3.1 million in revenue from multiple clients.
#iren
#MiningCrypto
#ŲŖŲ¹ŲÆŁŁ
The company reported record revenues of $184.1 million from Bitcoin mining, compared to $75.5 million in the previous fiscal year.
IREN mined 4,191 Bitcoins during the year, compared to 3,259 Bitcoins in 2023.
Adjusted net income before interest, taxes, and depreciation also improved significantly, rising to $54.7 million compared to $1.4 million in the previous year.
The company turned to positive net income before interest, taxes, and depreciation of $19.6 million, compared to a loss of $123.2 million in fiscal 2023.
Daniel Roberts, co-founder and co-CEO of IREN, said:
We are pleased to announce our annual results for fiscal 2024, which highlight continued growth in revenue, earnings, and cash flow.
We are on track to achieve our target of 20 EH/S next month and 30 EH/S this year.
Argo Blockchain, another company in the sector, reported 18% revenue growth in the first half of 2024, despite a 50% decline in its cryptocurrency output
IREN AI Cloud Services, generating $3.1 million in revenue from multiple clients.
#iren
#MiningCrypto
#ŲŖŲ¹ŲÆŁŁ
Iren Goes All In on AI: Its Cloud Expansion Excitesā¦ But Worries JPMorgan
š
November 7 | Sydney, Australia
While most Bitcoin mining companies are cutting costs, Iren (formerly known as Iris Energy) decided to do the opposite: double down on its investment in artificial intelligence. This week, the Australian company announced a massive expansion of its cloud infrastructure for training AI models, seeking to diversify its revenue streams beyond mining.
š Founded in 2018 as a green mining company, Iren built its reputation on data centers powered by renewable energy in Australia and Canada. During Bitcoin's 2021 boom, Iren was listed on Nasdaq and managed hundreds of megawatts of capacity. But when the crypto market crashed, the company had to reinvent itself. And he did so by betting on a new craze: artificial intelligence.
According to The Block, Iren is reconfiguring part of its infrastructure to offer cloud computing services, taking advantage of its access to cheap energy and highly efficient data centers. The goal is clear: to become a capacity provider for startups and tech giants training AI models.
In its latest report, the company reported a significant expansion of its NVIDIA H100 GPU fleet, the most in-demand hardware on the market. Iren plans to offer these resources through its Iren AI Cloud platform, which aims to compete with names like CoreWeave or Lambda.
However, JPMorgan warned that this transition will not be without its challenges. The bank estimates that capital expenditures on infrastructure could reduce profit margins in the coming quarters, putting pressure on cash flow.
In their words:
āExpansion into the cloud opens up long-term opportunities, but will involve financial strain in the short term as the company executes its transition.ā
Despite the warning, market enthusiasm is palpable. Iren's shares rose more than 12% this week, driven by growing interest in companies with exposure to AI. The narrative has shifted: Iren is no longer just a Bitcoin miner, but a hybrid player seeking to combine the power of blockchain and artificial intelligence.
This shift marks a new trend: several firms in the crypto sector are diversifying into AI to survive in an environment of volatile prices and tight margins. But, as always, technological revolutions come at a costā¦ and with risk.
Topic Opinion:
A prime example of smart adaptation: shifting from relying on Bitcoin's price to offering computing services for artificial intelligence is a strategic leap. But JPMorgan's warning makes sense. Rapid growth often demands more capital than it seems, and in a high-interest-rate environment, the financial risk is real.
Even so, I believe the future of mining companies lies in this: reinvent or disappear. Iren is betting bigā¦ and if it plays well, it could become a model for the entire industry.
š¬ Do you think Bitcoin miners need to transform into AI companies to survive?
Leave your comment...
#iren #bitcoin #AI āā#CryptoNews #JPMorgan $BTC
While most Bitcoin mining companies are cutting costs, Iren (formerly known as Iris Energy) decided to do the opposite: double down on its investment in artificial intelligence. This week, the Australian company announced a massive expansion of its cloud infrastructure for training AI models, seeking to diversify its revenue streams beyond mining.
š Founded in 2018 as a green mining company, Iren built its reputation on data centers powered by renewable energy in Australia and Canada. During Bitcoin's 2021 boom, Iren was listed on Nasdaq and managed hundreds of megawatts of capacity. But when the crypto market crashed, the company had to reinvent itself. And he did so by betting on a new craze: artificial intelligence.
According to The Block, Iren is reconfiguring part of its infrastructure to offer cloud computing services, taking advantage of its access to cheap energy and highly efficient data centers. The goal is clear: to become a capacity provider for startups and tech giants training AI models.
In its latest report, the company reported a significant expansion of its NVIDIA H100 GPU fleet, the most in-demand hardware on the market. Iren plans to offer these resources through its Iren AI Cloud platform, which aims to compete with names like CoreWeave or Lambda.
However, JPMorgan warned that this transition will not be without its challenges. The bank estimates that capital expenditures on infrastructure could reduce profit margins in the coming quarters, putting pressure on cash flow.
In their words:
āExpansion into the cloud opens up long-term opportunities, but will involve financial strain in the short term as the company executes its transition.ā
Despite the warning, market enthusiasm is palpable. Iren's shares rose more than 12% this week, driven by growing interest in companies with exposure to AI. The narrative has shifted: Iren is no longer just a Bitcoin miner, but a hybrid player seeking to combine the power of blockchain and artificial intelligence.
This shift marks a new trend: several firms in the crypto sector are diversifying into AI to survive in an environment of volatile prices and tight margins. But, as always, technological revolutions come at a costā¦ and with risk.
Topic Opinion:
A prime example of smart adaptation: shifting from relying on Bitcoin's price to offering computing services for artificial intelligence is a strategic leap. But JPMorgan's warning makes sense. Rapid growth often demands more capital than it seems, and in a high-interest-rate environment, the financial risk is real.
Even so, I believe the future of mining companies lies in this: reinvent or disappear. Iren is betting bigā¦ and if it plays well, it could become a model for the entire industry.
š¬ Do you think Bitcoin miners need to transform into AI companies to survive?
Leave your comment...
#iren #bitcoin #AI āā#CryptoNews #JPMorgan $BTC
Crypto Buzz: IREN & Hut 8 Roar, ETH ETFs Soaring, and Layer Brett Steals the Spotlight!
IREN soared 24% after crushing earnings and boosting GPU capacity.
Hut 8 rallied 14% on mining expansion plans and high-profile deal momentum.
ETH ETFs are racking up inflowsā$179M for BTC and another $36M for ETH.
All eyes on Layer Brettāthe Layer 2 meme token creating waves with utility, hype, and talk of 140Ć upside.
Which story is driving your next move? Drop your pick!
#CryptoNews #Altseason #iren #LayerBrett #ETFs
IREN soared 24% after crushing earnings and boosting GPU capacity.
Hut 8 rallied 14% on mining expansion plans and high-profile deal momentum.
ETH ETFs are racking up inflowsā$179M for BTC and another $36M for ETH.
All eyes on Layer Brettāthe Layer 2 meme token creating waves with utility, hype, and talk of 140Ć upside.
Which story is driving your next move? Drop your pick!
#CryptoNews #Altseason #iren #LayerBrett #ETFs
The Cramer Curse Just Wiped Out Half A Miner's Value š
$IREN just secured a colossal $3.6 billion capital raise, yet the stock is in freefall. The market immediately priced in a brutal sell-off following Jim Cramerās explicit 'Sell' recommendation. This supposed AI compute transition, moving away from pure $BTC mining, could not save them. We are watching a near 50% collapse in 30 days. This volatility is a severe warning shot for every mining firm trying to pivot to AI right now.
Not financial advice.
#CryptoNews #AICompute #BTCMiners #MarketCrash #IREN
š„
$IREN just secured a colossal $3.6 billion capital raise, yet the stock is in freefall. The market immediately priced in a brutal sell-off following Jim Cramerās explicit 'Sell' recommendation. This supposed AI compute transition, moving away from pure $BTC mining, could not save them. We are watching a near 50% collapse in 30 days. This volatility is a severe warning shot for every mining firm trying to pivot to AI right now.
Not financial advice.
#CryptoNews #AICompute #BTCMiners #MarketCrash #IREN
š„
š„ While crypto dumps, mining giant Iren pumps +10%!
They doubled AI cloud capacity to 23,000 GPUsātargeting $500M+ AI revenue by Q1 2026.
š Proof that AI + Crypto infra = future power play.
#AI #CryptoNews #Iren #Innovation
They doubled AI cloud capacity to 23,000 GPUsātargeting $500M+ AI revenue by Q1 2026.
š Proof that AI + Crypto infra = future power play.
#AI #CryptoNews #Iren #Innovation
š NEW | Bitcoin Mining & Tech Update
IREN is absolutely crushing it this yearāup around 300% YTD and standing out as one of the top Bitcoin miners.
The secret sauce? They're not just stacking sats with rigs anymore. They've diversified big time into AI and high-performance computing, proving how blending crypto mining with cutting-edge tech can create massive value.
Investors are watching these hybrid players closely... companies like this could lead the next wave in the space. Eyes on the innovators šš
$BTC $ZEC $ONT
#iren #bitcoin #BTC #newscrypto #Fed
IREN is absolutely crushing it this yearāup around 300% YTD and standing out as one of the top Bitcoin miners.
The secret sauce? They're not just stacking sats with rigs anymore. They've diversified big time into AI and high-performance computing, proving how blending crypto mining with cutting-edge tech can create massive value.
Investors are watching these hybrid players closely... companies like this could lead the next wave in the space. Eyes on the innovators šš
$BTC $ZEC $ONT
#iren #bitcoin #BTC #newscrypto #Fed
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Dan Roberts, founder of the mining company #IREN , listed on the exchange #Nasdaq , called #BTC a proven asset class and confirmed his recent forecast for the price of the first cryptocurrency by 2030.
š¢ The businessman suggested calculating: if we divide the market capitalization #Š·Š¾Š»Š¾ŃŠ° at $19.3 trillion by the limited supply of bitcoin at 21 million coins, it will amount to about $900,000. Therefore, it is quite likely that this mark #Š±ŠøŃŠŗŠ¾ŠøŠ½ can be reached by 2030
$BTC
š¢ The businessman suggested calculating: if we divide the market capitalization #Š·Š¾Š»Š¾ŃŠ° at $19.3 trillion by the limited supply of bitcoin at 21 million coins, it will amount to about $900,000. Therefore, it is quite likely that this mark #Š±ŠøŃŠŗŠ¾ŠøŠ½ can be reached by 2030
$BTC
See original
Bitcoin mining company IREN raises 450 million USD in convertible bonds: A transformation into a new force
IREN (formerly Iris Energy), a Bitcoin mining company, has successfully raised 450 million USD through a convertible bond issuance maturing in 2030, with an attractive interest rate of only 3.25% per year. This capital will be used to limit equity dilution, repurchase outstanding shares, and most importantly, expand AI data centers.
The attraction of significant cash flow is not coincidental. The company operates large data centers in the US and Canada with a total connected capacity of up to 2,910 MW.
The attraction of significant cash flow is not coincidental. The company operates large data centers in the US and Canada with a total connected capacity of up to 2,910 MW.
š TODAY: Bitcoin miner IREN surges 14% after-hours following record Q2 revenue of $187.3M and net income of $176.9M!
This outstanding performance is driven by strong growth in its BTC mining business alongside strategic expansion into AI infrastructure.
IRENās results reflect operational efficiency and bullish confidence in both Bitcoin mining and AI sectors.
Big moves ahead for this Nasdaq-listed crypto miner!
#Bitcoin #IREN #CryptoMining #AÄ°
This outstanding performance is driven by strong growth in its BTC mining business alongside strategic expansion into AI infrastructure.
IRENās results reflect operational efficiency and bullish confidence in both Bitcoin mining and AI sectors.
Big moves ahead for this Nasdaq-listed crypto miner!
#Bitcoin #IREN #CryptoMining #AÄ°
š„š BITDEER JUST WENT FULL AI ā AND WALL STREET IS LOSING IT! š¤š°
The Bitcoin mining world is evolving fast ā and Bitdeer (BTDR) just became the star of the show! š
š„ In September, Bitdeer mined 452 $BTC (+20.5%) thanks to a massive hashrate boost to 35 EH/s ā on track for 40 EH/s soon!
But hereās the real bombshell: š£ Bitdeer is pivoting to AI ā turning its mining farms into supercharged AI data centers š§ āļø
š” Converting sites in Ohio & Norway for AI operations
š Expanding across Southeast Asia
šÆ Targeting $2 BILLION annual AI revenue by 2026
š Plans to deploy 1,160 NVIDIA GPUs by year-end!
š Result? BTDR stock exploded +28%, hitting January highs!
Meanwhile, rival miner Iren (IREN) secured a $1 BILLION funding deal, fueling even more AI-powered hype. š„
The message is clear: Crypto miners are becoming AI giants!
From mining blocks to mining intelligence. š§ š
#Bitdeer #AI #CryptoMining #IREN #BTC
$BTC
The Bitcoin mining world is evolving fast ā and Bitdeer (BTDR) just became the star of the show! š
š„ In September, Bitdeer mined 452 $BTC (+20.5%) thanks to a massive hashrate boost to 35 EH/s ā on track for 40 EH/s soon!
But hereās the real bombshell: š£ Bitdeer is pivoting to AI ā turning its mining farms into supercharged AI data centers š§ āļø
š” Converting sites in Ohio & Norway for AI operations
š Expanding across Southeast Asia
šÆ Targeting $2 BILLION annual AI revenue by 2026
š Plans to deploy 1,160 NVIDIA GPUs by year-end!
š Result? BTDR stock exploded +28%, hitting January highs!
Meanwhile, rival miner Iren (IREN) secured a $1 BILLION funding deal, fueling even more AI-powered hype. š„
The message is clear: Crypto miners are becoming AI giants!
From mining blocks to mining intelligence. š§ š
#Bitdeer #AI #CryptoMining #IREN #BTC
$BTC
šØ IREN Co-Founders Cash Out $66M as Stock Hits New High š
Bitcoin mining giant IREN has once again made headlines!
The Roberts brothers, co-founders and co-CEOs, each sold 1 million shares after IRENās stock price surged past $33.00, securing a combined $66 million.
š¹ Despite this sale, they still retain around 13.99M shares each (~6% of issued shares).
š¹ This marks their second major reduction in two years ā the last was in December 2023, when IREN traded near $5.00.
š Investors are now watching closely: will IREN maintain momentum, or is this a sign of insiders taking profits at the peak?
DYOR No Financial advice!
Ā #BitcoinMining #BTC #IREN #CryptoStocks #MarketRebound
$BTC
Bitcoin mining giant IREN has once again made headlines!
The Roberts brothers, co-founders and co-CEOs, each sold 1 million shares after IRENās stock price surged past $33.00, securing a combined $66 million.
š¹ Despite this sale, they still retain around 13.99M shares each (~6% of issued shares).
š¹ This marks their second major reduction in two years ā the last was in December 2023, when IREN traded near $5.00.
š Investors are now watching closely: will IREN maintain momentum, or is this a sign of insiders taking profits at the peak?
DYOR No Financial advice!
Ā #BitcoinMining #BTC #IREN #CryptoStocks #MarketRebound
$BTC
Coindesk Headlines
#Blast From the Past: Previous U.S. Government Shutdown Aligned With Bitcoin's Bear Market Bottom _ Todayās shutdown coincides with record gold prices, and a major leverage flush out.
#iren and #WULF Shares Jump as Companies Launch Billion Dollar #DEBT Deals _ Both companies unveil major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure
Bearish BTC Sentiment Persists Despite Powellās Signal That 'QT' May Be Nearing End _ The #Fed 's quantitative tightening, which began in 2022, has reduced the balance sheet from $9 trillion to $6.6 trillion.
"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
#Blast From the Past: Previous U.S. Government Shutdown Aligned With Bitcoin's Bear Market Bottom _ Todayās shutdown coincides with record gold prices, and a major leverage flush out.
#iren and #WULF Shares Jump as Companies Launch Billion Dollar #DEBT Deals _ Both companies unveil major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure
Bearish BTC Sentiment Persists Despite Powellās Signal That 'QT' May Be Nearing End _ The #Fed 's quantitative tightening, which began in 2022, has reduced the balance sheet from $9 trillion to $6.6 trillion.
"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
šØ Daily Crypto Buzz ā Hereās What You Missed! šØ
Letās break down the biggest crypto headlines in a way thatās easy to digest and hard to ignore š
---
š IREN Surges 11% After Outperforming MARA in Bitcoin($BTC )Mining
IREN Ltd mined 728 BTC in July ā beating mining giant MARA, which mined 703 BTC.
Despite a smaller hashrate (45.4 EH/s avg vs. MARAās 58.9 EH/s), IREN kept operations efficient and consistent šŖ.
The result? A +11.4% surge in IRENās stock price, pushing its market cap to $4.11B, second only to MARA.
---
āļø Tornado Cash Co-Founder Found Guilty on 1 Count
Roman Storm, co-founder of Tornado Cash, was convicted in New York for running an unlicensed money transfer business.
He faces up to 5 years in prison.
The jury couldnāt reach a decision on other charges, including money laundering and violating North Korea sanctions.
Prosecutors argued he failed to stop criminals from abusing the protocol. His team, however, included top Ethereum experts in defense.
---
š $3M Gone in One Click: Phishing Strikes Again
A careless click cost one investor $3.05M in USDT š±.
They unknowingly signed a malicious smart contract ā a classic phishing attack.
Pro Tip: Always double-check the entire wallet address ā scammers often spoof the beginning and end to trick you.
---
š¼ Crypto Salaries Triple in 2024: USDC Takes the Lead
Pantera Capital reports a 3x jump in crypto-based salaries this year!
63% of all crypto wages are now paid in USDC, beating USDT despite its volume dominance šµ.
The majority of salaries come with 4-year vesting, showing a maturing market focused on long-term value.
---
š§ Key Takeaways
š¹ IREN flexes operational strength with a big win in BTC mining.
š¹ Legal risks are real in crypto ā just ask Tornado Cash devs.
š¹ One wrong click can wipe your wallet ā stay vigilant!
š¹ Stablecoins like USDC are becoming the new paycheck standard in crypto.
---
#CryptoNews #BitcoinMining #iren #MARA #TornadoCash #PhishingAlert #USDC #DeFi #Web3 #CryptoJobs
Letās break down the biggest crypto headlines in a way thatās easy to digest and hard to ignore š
---
š IREN Surges 11% After Outperforming MARA in Bitcoin($BTC )Mining
IREN Ltd mined 728 BTC in July ā beating mining giant MARA, which mined 703 BTC.
Despite a smaller hashrate (45.4 EH/s avg vs. MARAās 58.9 EH/s), IREN kept operations efficient and consistent šŖ.
The result? A +11.4% surge in IRENās stock price, pushing its market cap to $4.11B, second only to MARA.
---
āļø Tornado Cash Co-Founder Found Guilty on 1 Count
Roman Storm, co-founder of Tornado Cash, was convicted in New York for running an unlicensed money transfer business.
He faces up to 5 years in prison.
The jury couldnāt reach a decision on other charges, including money laundering and violating North Korea sanctions.
Prosecutors argued he failed to stop criminals from abusing the protocol. His team, however, included top Ethereum experts in defense.
---
š $3M Gone in One Click: Phishing Strikes Again
A careless click cost one investor $3.05M in USDT š±.
They unknowingly signed a malicious smart contract ā a classic phishing attack.
Pro Tip: Always double-check the entire wallet address ā scammers often spoof the beginning and end to trick you.
---
š¼ Crypto Salaries Triple in 2024: USDC Takes the Lead
Pantera Capital reports a 3x jump in crypto-based salaries this year!
63% of all crypto wages are now paid in USDC, beating USDT despite its volume dominance šµ.
The majority of salaries come with 4-year vesting, showing a maturing market focused on long-term value.
---
š§ Key Takeaways
š¹ IREN flexes operational strength with a big win in BTC mining.
š¹ Legal risks are real in crypto ā just ask Tornado Cash devs.
š¹ One wrong click can wipe your wallet ā stay vigilant!
š¹ Stablecoins like USDC are becoming the new paycheck standard in crypto.
---
#CryptoNews #BitcoinMining #iren #MARA #TornadoCash #PhishingAlert #USDC #DeFi #Web3 #CryptoJobs
See original
IREN's $9.7 billion deal with Microsoft redefines what a Bitcoin mining company can be
Sometimes, one deal can change everything. For #IREN , that moment has just arrived.
The company, which was once seen as merely a Bitcoin mining powerhouse, is advancing to an entirely different level - a level where mining machines and AI servers share the same heartbeat. Its announcement of a $9.7 billion GPU cloud contract with Microsoft represents not only a milestone for IREN but a signal for the entire digital infrastructure field: the line between cryptocurrency mining and AI computing is officially fading.
The company, which was once seen as merely a Bitcoin mining powerhouse, is advancing to an entirely different level - a level where mining machines and AI servers share the same heartbeat. Its announcement of a $9.7 billion GPU cloud contract with Microsoft represents not only a milestone for IREN but a signal for the entire digital infrastructure field: the line between cryptocurrency mining and AI computing is officially fading.
See original
IREN Moves from Bitcoin Mining to AI: Is This a Billion-Dollar Breakthrough?
On March 31, 2025, Australia's leading Bitcoin mining company ā IREN ā announced a surprising decision: to pause the expansion of Bitcoin mining operations to focus on AI data center and AI cloud services. With plans to achieve 52 EH/s mining capacity in the coming months, IREN is shifting its strategy, promising to create a new wave in the technology industry. Is this the right move to capitalize on the booming AI trend?
See original
IREN shares rise 11% after outperforming MARA in Bitcoin mining for July
$BTC
Shares of IREN Ltd, specialized in Bitcoin mining, recorded a strong jump of 11.4% on Wednesday, after announcing July results that showed it outperformed its competitor MARA Holdings in terms of the amount of Bitcoin mined, despite having lower mining capacity.
IREN revealed that it successfully mined 728 Bitcoin during July, compared to only 703 Bitcoin for MARA. This achievement comes at a time when IREN has a deployed mining capacity of 50 exahashes per second (EH/s), compared to 58.9 EH/s for MARA.
Shares of IREN Ltd, specialized in Bitcoin mining, recorded a strong jump of 11.4% on Wednesday, after announcing July results that showed it outperformed its competitor MARA Holdings in terms of the amount of Bitcoin mined, despite having lower mining capacity.
IREN revealed that it successfully mined 728 Bitcoin during July, compared to only 703 Bitcoin for MARA. This achievement comes at a time when IREN has a deployed mining capacity of 50 exahashes per second (EH/s), compared to 58.9 EH/s for MARA.
#IREN SURGES 11% ā OUTMINES MARA IN JULY! š„
š Key Highlights:
āļø IREN mined 410 $BTC in July
ā” Outperformed #MARA in output despite lower energy usage
š MARA mined 421 BTC but with higher operational costs
š IREN stock jumped 11% as investors took notice
š§ More efficient = more attractive to smart money
š” IREN is proving that efficiency wins in the Bitcoin mining race.
š Key Highlights:
āļø IREN mined 410 $BTC in July
ā” Outperformed #MARA in output despite lower energy usage
š MARA mined 421 BTC but with higher operational costs
š IREN stock jumped 11% as investors took notice
š§ More efficient = more attractive to smart money
š” IREN is proving that efficiency wins in the Bitcoin mining race.
š” IREN Delivers First Full-Year Profit on AI Cloud Growth & Mining Expansion š”
š IREN reported its first full-year profit, driven by strong AI cloud demand and continued Bitcoin mining expansion.
š Shares jumped +13% pre-market, pushing IREN closer to MARA as it races to become the worldās largest Bitcoin + AI miner by market cap.
ā” With dual exposure to AI + $BTC , IREN is positioning itself as a next-gen market leader.
Bitcoin miner IREN has reported its first full-year profit, a significant turnaround from the previous year's loss. This achievement is attributed to the company's strategic expansion into AI cloud computing and increased bitcoin mining production capacity. For the year ended June 30, IREN posted a net income of $86.9 million, a substantial improvement from a $28.9 million loss in the prior year. Revenue more than doubled to a record $501 million, supported by an increase in production capacity to 50 exahashes per second (EH/s). Adjusted EBITDA also saw a significant surge, reaching $269.7 million, nearly five times the previous year's figure.
IREN's growth is further bolstered by nearly 3 gigawatts of contracted power and expansion in both bitcoin mining and AI infrastructure. The company's market capitalization is approaching that of its larger rival, MARA Holdings. The Nasdaq-traded stock experienced a 13% climb in pre-market trading, adding to its year-to-date gain of over 120%. The mining operations are generating over $1 billion in annualized revenue, while the AI cloud unit is projected to reach $250 million in annualized revenue by December, with a substantial deployment of NVIDIA GPUs and capacity for further expansion.
#Bitcoin #AÄ° #IREN #CryptoMining #CryptoNews
š IREN reported its first full-year profit, driven by strong AI cloud demand and continued Bitcoin mining expansion.
š Shares jumped +13% pre-market, pushing IREN closer to MARA as it races to become the worldās largest Bitcoin + AI miner by market cap.
ā” With dual exposure to AI + $BTC , IREN is positioning itself as a next-gen market leader.
Bitcoin miner IREN has reported its first full-year profit, a significant turnaround from the previous year's loss. This achievement is attributed to the company's strategic expansion into AI cloud computing and increased bitcoin mining production capacity. For the year ended June 30, IREN posted a net income of $86.9 million, a substantial improvement from a $28.9 million loss in the prior year. Revenue more than doubled to a record $501 million, supported by an increase in production capacity to 50 exahashes per second (EH/s). Adjusted EBITDA also saw a significant surge, reaching $269.7 million, nearly five times the previous year's figure.
IREN's growth is further bolstered by nearly 3 gigawatts of contracted power and expansion in both bitcoin mining and AI infrastructure. The company's market capitalization is approaching that of its larger rival, MARA Holdings. The Nasdaq-traded stock experienced a 13% climb in pre-market trading, adding to its year-to-date gain of over 120%. The mining operations are generating over $1 billion in annualized revenue, while the AI cloud unit is projected to reach $250 million in annualized revenue by December, with a substantial deployment of NVIDIA GPUs and capacity for further expansion.
#Bitcoin #AÄ° #IREN #CryptoMining #CryptoNews
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