Iris Energy (IREN) Issues February 2025 Monthly Update

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Go back to Iris Energy (IREN) Issues February 2025 Monthly Update

IREN February 2025 Monthly Update

March 6, 2025 6:52 AM EST

SYDNEY, March 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, IREN or the Company), today published its monthly update for February 2025.

February Highlights

Resilient mining hardware profit margin (70%)Ramping up to 50 EH/s over the next 4 monthsAI Cloud Service nearing full utilization at end of FebAI Data Center Horizon 1 customer diligence ongoingCommenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 2026Finalizing 600MW Sweetwater 2 connection agreement... More