Operating hashrate increased to 9 EH/s
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, Australia, April 29, 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. IREN is pleased to announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s. The Company now also expects to achieve 10 EH/s in May 2024. IREN’s fully funded expansion to 20 EH/s in 2024 remains on track, which will improve nameplate fleet efficiency to 21.9 J/TH. Furthermore, the Company now expects to commission an additional 50MW of data center capacity as part of Childress Phase 3 this year. This increases planned data center capacity from 460MW to 510MW by the end of 2024. The additional 50MW of capacity has been enabled partly through a new substation design, as well as ongoing improvement and optimization of the Company’s construction and procureme
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News
- Iris Energy Limited (NASDAQ: IREN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $10.00 price target on the stock.MarketBeat
- Iris Energy Limited (NASDAQ: IREN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $9.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- IREN Reports Third Quarter FY24 Results [Yahoo! Finance]Yahoo! Finance
- IREN Reports Third Quarter FY24 ResultsGlobeNewswire
- IREN’s expansion plans increased to 30 EH/s in 2024GlobeNewswire
IREN
Sec Filings
- 5/15/24 - Form F-3
- 5/15/24 - Form 6-K
- 5/6/24 - Form 6-K
- IREN's page on the SEC website