IREN Limited was incorporated on 6 November 2018 under the laws of New South Wales, Australia. The company is a Bitcoin mining company. The company builds, owns and operates data centers and power infrastructure for Bitcoin mining, which is primarily powered by renewable energy. The company's goal is to enter regions with low-cost, abundant and attractive renewable energy. The company's mining business generates revenue by earning bitcoins from a combination of block rewards and transaction fees, which come from the operation of specialized computers called ASICs, and exchanging those bitcoins into currencies such as the U.S. dollar or Canadian dollar on a daily basis. 

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