Iris Energy Approaches $1 Billion Goal in Bitcoin Mining Revenue

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.