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Iris Energy | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcement · Mar 6 06:28

IREN +3.50%

Summary by Moomoo AI

Iris Energy Limited, operating as IREN, a leader in next-generation data center operations for Bitcoin mining and AI cloud services, released its monthly investor update on March 6, 2024. The update detailed the company's operational results for February 2024, highlighting the mining of 310 Bitcoins and a record operating hashrate of 7 EH/s. IREN announced plans to expand its hashrate to 20 EH/s within the year and reported the signing of a contract with poolside AI, marking a significant expansion of its AI cloud services to 816 NVIDIA H100 GPUs. The company also provided updates on its data center expansions, aiming to reach 460MW capacity in 2024, and noted the rebranding from Iris Energy to IREN. Additionally, IREN reported its second quarter financial results for FY24 and outlined upcoming events, including participation in the 36th Annual ROTH Conference and NVIDIA GTC. The investor update also contained forward-looking statements regarding the company's strategy, operational and financial expectations, and expansion plans.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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