Iris Energy Ltd. (IREN) has released an update.
Iris Energy Limited (IREN), a leader in next-generation data centers for Bitcoin and AI, announced a fully funded expansion for 2024, with $301 million in cash and no debt. The company boasts 460MW data center capacity and targets 20 EH/s for Bitcoin mining, alongside launching AI Cloud Services with NVIDIA GPUs. Additionally, IREN has initiated quarterly reporting to provide regular financial updates, starting from Q1 2024.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
