Iris Energy Surges: Record Revenue and Monumental AI Cloud Expansion in June

Key Points

1. Iris Energy achieved a record revenue of $68 million in June, with a hardware profit of $51 million and electricity costs of $16 million.

2. The company reached its target of 50 EH/s hashrate, reinforcing its position as a leading Bitcoin mining company with an operational capacity of 810 MW.

3. Iris Energy expanded its AI Cloud capabilities by adding approximately 2,400 NVIDIA Blackwell GPUs, bringing its total to 4,300, positioning it well in the AI computing sector.

4. The company secured $550 million in convertible notes, reflecting investor confidence in its growth and diversified business model.

5. Iris Energy completed its transition to U.S. domestic issuer status, simplifying regulatory compliance and enhancing access to U.S. capital markets.