Key Figures: Will and Dan Roberts
IREN Limited's Transformation: Co-founders Daniel and Will Roberts have shifted IREN Limited from a bitcoin mining firm to a leading AI infrastructure provider, leveraging their mining assets to create high-performance data centers for AI.
Financial Growth: In fiscal year 2025, IREN tripled its operating capacity, increased revenue by 168% to $501 million, and achieved a record bitcoin output of 50 EH/s.
Major Contracts: IREN secured a significant $9.7 billion, five-year contract with Microsoft, which includes a $1.9 billion prepayment for GPU capacity, indicating strong demand for AI cloud services.
Stock Performance: IREN's shares surged over 500% in 2025, reflecting the company's successful pivot from bitcoin mining to becoming a powerhouse in AI infrastructure.
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