Iris Energy (NASDAQ:IREN) has released its June investor update, highlighting substantial progress in its Bitcoin mining operations and AI cloud services.

In June, the company achieved the mining of 233 Bitcoin, reflecting its robust operational capabilities.

Additionally, Iris Energy reported a 21% revenue increase from its AI Cloud Services, underscoring the growing demand for its offerings.

Looking ahead, Iris Energy is committed to significant expansions, targeting a mining capacity of 20 EH/s by the third quarter of 2024 and aiming to reach 30 EH/s by the end of the fourth quarter.

Presently, the company operates data centers with a total capacity of 260MW and has strategic plans to enhance this capacity to 510MW by the end of 2024.