Overview

• For the year ended June 30, IREN reported record revenue of $501 million, net income of $86.9 million, and adjusted EBITDA of $269.7 million, with quarterly revenue of $187.3 million.
• The company secured NVIDIA Preferred Partner status and disclosed a $168 million order for roughly 2,400 Blackwell GPUs, bringing its fleet to about 10,900 units with capacity for more than 60,000 across sites.
• Management targets an annualized AI cloud revenue run rate of $200 million to $250 million by December, with near‑term deployments centered at its 50 MW Prince George facility and future rollouts planned for Horizon sites in Texas.
• Bitcoin mining capacity stands near 50 exahashes per second, with July production reportedly surpassing MARA, supporting a mining revenue run rate above $1 billion under current economics.
• Shares reached all‑time highs as analysts raised targets—Canaccord to $37 with others higher—while the company also finalized a confidential settlement with NYDIG to end a multi‑year loan dispute.