Iris Energy (IREN) Issues Business Update

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IREN Business Update

October 16, 2024 7:33 AM UTC

AI Cloud Services continuing to scale

1.4GW data center project energization now April 2026

SYDNEY, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, IREN) today provided a business update.

AI Operations Scaling with Strong Profit Contribution

IRENs AI Cloud Services division is expected to be generating approximately $32 million in annualized hardware profit by the end of December 2024,... More