Iris Energy (NASDAQ: IREN) — Company Overview, News & Financial Data
Iris Energy develops Bitcoin mining infrastructure using renewable energy to enhance sustainability in the cryptocurrency sector.
Iris Energy
Iris Energy is a data center company that owns and operates next-generation infrastructure powered by 100% renewable energy for high-performance computing, artificial intelligence workloads, and Bitcoin mining. The company builds, owns, and manages utility-scale data centers vertically integrated with renewable energy grid connections. Its operations deliver high-density power capacity and AI Cloud services using NVIDIA GPUs alongside dedicated colocation and bitcoin mining infrastructure. Iris Energy operates large-scale data center facilities across North America, including sites in Texas, Oklahoma, and British Columbia, expanding continuous power capacity for demanding compute and cloud processing applications.
Snapshot
Operations
Products and/or services of Iris Energy
- AI Cloud Services: Provision of cloud-based high-performance computing power and graphics processing unit infrastructure engineered for artificial intelligence training and inference workloads, delivered from renewable-powered data center environments with round-the-clock technical support.
- Childress Data Center: Operation of a 750 megawatt utility-scale data center complex spanning 576 acres in Childress, Texas, hosting power-dense server infrastructure for artificial intelligence cloud applications and bitcoin mining operations.
- Sweetwater Data Center Project: Construction and development of a 2,000 megawatt data center campus covering 2,200 acres in Sweetwater, Texas, designed to expand high-performance compute capacity connected directly to regional renewable power grids.
- British Columbia Data Center Facilities: Operation of grid-connected data center sites across British Columbia, Canada, including an 80 megawatt facility in Mackenzie, a 30 megawatt site in Canal Flats, and a 50 megawatt facility in Prince George.
- Bitcoin Mining Infrastructure: Execution of proprietary bitcoin mining operations utilizing high-density application-specific integrated circuit hardware hosted across owned data center campuses powered by renewable energy sources and grid interconnection assets.
- Oklahoma Data Center Development: Development of a planned 1,600 megawatt high-performance computing data center campus spanning 2,000 acres in Oklahoma, expanding North American power capacity for large-scale enterprise artificial intelligence infrastructure.
Iris Energy executive team
- William RobertsCo-Founder, Co-CEO & Executive Director
- Anthony John LewisChief Financial Officer
- David ShawChief Operating Officer
- Denis SkrinnikoffChief Technology Officer
- Mike PowerVice President of Investor Relations
- Cesilia KimChief Legal Officer & Secretary
- Chris ParkerChief Marketing Officer
- Kent DraperChief Commercial Officer
- John GrossChief Innovation Officer
- Michael NudelmanChief Development Officer
Latest news about Iris Energy
Iren secures $US2.8B in new deals
United StatesIREN raises 2026 AI Cloud ARR target to over $4 billion
United StatesIREN completes acquisition of Spain's Nostrum Group, marking entry into European AI market
United StatesIREN plans South Australian AI data centre
AustraliaAI cloud provider IREN acquires lead marketing partner Awaken
United States
Key financials
Reported results for Iris Energy, in USD.
- Market cap
- 10.6B
- Revenue (TTM)
- 707M
- P/E ratio
- —
- EPS (diluted, TTM)
- -2.2
- Dividend yield
- —
- Profit margin
- -99.4%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 707M | -1B | -702.6M | |
| 501M | 22.1M | 86.9M | |
| 187.2M | -27.3M | -28.9M | |
| 75.5M | -48.6M | -171.8M |