Iris Energy Restricted IREN reported its fiscal-12 months monetary outcomes after Wednesday’s closing bell. Here is a have a look at the key figures from the report.
The Particulars: Iris Energy reported file fiscal-12 months Bitcoin BTC/USD mining income of $184.1 million, up from $75.5 million final 12 months, pushed by development in working hash price and better Bitcoin costs.
Iris Energy reported a rise in its self-mining capability from 5.6 EH/s to 10 EH/s in the course of the 12 months.
- Iris Energy mined a file 4,191 Bitcoin, in comparison with 3,259 Bitcoin in fiscal 12 months 2023, primarily pushed by development in working hash price.
- AI Cloud Providers income was $3.1 million.
- Web electrical energy prices have been $76 million, as in comparison with $35.8 million in fiscal 12 months 2023, primarily pushed by a rise in working hash price, with 80MW of further capability commissioned in the course of the 12 months.
- The corporate ended the 12 months with 816 NVIDIA H100 GPUs, servicing a number of prospects.
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“We’re happy to report our full 12 months FY24 outcomes, which highlights continued development throughout income, earnings and cashflow,” mentioned Daniel Roberts, co-founder and co-CEO of Iris Energy. “Our 2024 steerage stays unchanged. With 15 EH/s put in, we’re nicely on observe to attain our 20 EH/s milestone subsequent month and 30 EH/s this 12 months.”
Outlook: The corporate left its 2024 steerage unchanged and mentioned it’s on observe to attain the 20 EH/s milestone subsequent month and 30 EH/s this 12 months.
IREN Worth Motion: In keeping with Benzinga Pro, Iris Energy shares are up 5.12% after-hours at $7.80 on the time of publication Wednesday.
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