Iris Energy Approaches $1 Billion Goal in Bitcoin Mining Revenue

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 29 2025

Iris Energy's Revenue Milestone: Iris Energy is approaching a significant milestone of nearly $1 billion in annualized bitcoin mining revenue, with projections indicating total annualized revenue could reach $1.25 billion by FY2025.
Investor Confidence Boost: The anticipated revenue growth has increased investor confidence, reflected in a recent 4.66% rise in IREN's stock price, as the company expands its mining capacity and targets NVIDIA GPU deployments.
Financial Performance: In Q4 FY2025, Iris Energy reported revenue of $187.3 million and a net income of $176.9 million, highlighting strong financial performance amid strategic expansions.
Future Growth Projections: Analysts expect continued institutional interest in IREN's expansion plans, with potential for AI revenue diversification and further increases in bitcoin mining revenue supporting market trends.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Iris Energy Approaches $1 Billion Goal in Bitcoin Mining Revenue

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