Overview

• IREN reported record fiscal-year revenue of $501 million, net income of $86.9 million and adjusted EBITDA of $269.7 million, including a record $187.3 million in quarterly revenue for the June quarter.
• The company advanced its AI pivot with a fresh $168 million order for 2,400 NVIDIA Blackwell GPUs, guiding to roughly 10,900 GPUs by year-end 2025 and $200 million to $250 million in annualized AI cloud revenue.
• Deployments are slated primarily for the 50 MW Prince George site in British Columbia, with future rollouts planned at the Horizon 1 facility in Texas and a 50 MW liquid-cooled Horizon 2 site in Childress.
• Bitcoin mining capacity reached 50 EH/s, supporting the financial turnaround while management redirects capital toward higher-margin AI infrastructure.
• Liquidity stood at $564 million in cash with financing covering about 40% of GPU investments, and the company disclosed a confidential settlement resolving a long-running equipment-loan dispute with NYDIG.