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Iris Energy ( (IREN) ) has issued an update.
On February 6, 2025, IREN Limited released its monthly update for January 2025, highlighting a robust performance in its Bitcoin mining operations with a hardware profit margin of 75% and average revenue of $99,789 per Bitcoin. The company also reported advancements in its construction projects, including the Sweetwater Project, and an increase in demand for its cloud and colocation services. IREN is on track to achieve a 50 EH/s operating hashrate in the coming months, signifying strong growth potential and strategic positioning in the industry.
More about Iris Energy
IREN Limited, headquartered in Sydney, Australia, operates in the Bitcoin mining industry and provides AI cloud services. It focuses on high-performance computing solutions, leveraging a significant grid-connected power portfolio to support its operations.
YTD Price Performance: 5.83%
Average Trading Volume: 17,482,577
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.17B
Learn more about IREN stock on TipRanks’ Stock Analysis page.
