Here is some news about IREN:
- Operational Updates: IREN has been performing well in Bitcoin mining and AI cloud services. They've installed direct-to-chip liquid cooling for AI/HPC and are advancing construction at the 1.4GW Sweetwater Project1. Their average operating hashrate was 29.0 EH/s in January 2025, and they mined 521 BTC during the month1.
- Financial Performance: IREN reported record revenue of $113.5 million and operating cash flows of $53.7 million for Q2 2025. They also had a record net profit after tax of $18.9 million, driven by low-cost Bitcoin production and rapid operational growth2. Their adjusted EBITDA increased to $62.6 million, with an average realized Bitcoin price of $84,3002.
- Expansion Plans: IREN is targeting an expansion to 50 exahash by mid-2025, supported by their recent achievement of 31 exahash capacity2. They are also developing a 75-megawatt AI data center, Horizon 1, which will target completion in the second half of 20252. Additionally, they introduced a new 600-megawatt Sweetwater 2 development, aiming to expand the West Texas data center hub to 2 gigawatts by 20282.
- Stock Performance: IREN's stock has shown remarkable performance, delivering a 188% return over the past year3. They have a market capitalization of $2.37 billion3.
In conclusion, IREN has been performing well in terms of operational updates, financial performance, expansion plans, and stock performance.