June Highlights: Record monthly revenue and hardware profit; 50 EH/s mid-year target achieved; AI Cloud expanded with ~2.4k Blackwell GPUs; $550m convertible notes offering oversubscribed; US domestic issuer status transition complete; Customer and financing workstreams progressing across AI verticals. “The past month has marked several significant milestones for IREN (IREN). We delivered another month of record revenues, executed an oversubscribed convertible note offering, reached our self-mining target of 50 EH/s, transitioned to U.S. domestic issuer status, and more than doubled our AI Cloud business with the procurement of next-generation NVIDIA Blackwell GPUs,” said Daniel Roberts, Co-CEO. “With nearly 3GW of grid-connected power and deep infrastructure expertise, we’re uniquely positioned to deliver flexible solutions across the AI stack, including powered shells, build-to-suit facilities, turnkey colocation, and fully managed cloud services. IREN is at the forefront of two transformative technologies, Bitcoin and AI, owning and operating the compute infrastructure that powers both.”
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