IREN Limited, one of the leading operators in the Bitcoin mining sector, recorded an impressive growth in after-hours trading, with a rise exceeding 12% following the release of quarterly and annual financial results.Â
The company, formerly known as Iris Energy, reported quarterly revenues of 187.3 million dollars, a net profit of 176.9 million dollars, and an EBITDA of 241.4 million dollars. These figures confirm the financial solidity of IREN and its leadership position in the sector.
IREN: annualized revenues and diversification in AI cloud
According to the company, IREN has achieved an annualized revenue of 1 billion dollars derived exclusively from Bitcoin mining, based on the current economic conditions of the sector. This is supplemented by approximately 250 million dollars in annualized revenue from the growing cloud AI business.
This diversification represents a key strategy for the company, which is progressively converting part of its infrastructure: several mining centers, including those located in British Columbia, are replacing traditional ASICs for Bitcoin mining with GPUs dedicated to artificial intelligence.
Investments in Innovative Infrastructure: Horizon and Sweetwater
IREN is not only consolidating its current activities but is also looking to the future with significant investments. The company is developing a AI data center with liquid cooling, named Horizon, which is scheduled to open in the fourth quarter of 2025. In parallel, the Sweetwater facility is in the design phase and is expected to be operational by the end of 2027. These projects demonstrate IREN’s intention to position itself as a key player in the artificial intelligence sector, leveraging the synergy between mining and cloud computing.
Leadership in mining: surpassing MARA’s competition
At the beginning of the month, IREN reached a significant milestone, surpassing its rival MARA in both Bitcoin production and fleet utilization. In July, IREN produced 728 BTC, compared to MARA’s 703 BTC, with over 90% of the fleet activated. This achievement allowed IREN to become the leading mining company by hashrate, which is the total computational power used by miners to process transactions and ensure the security of the Bitcoin blockchain.
The importance of hashrate in blockchain security
The hashrate represents a fundamental indicator for assessing the competitiveness and security of a blockchain network. A high hashrate implies greater processing capacity and, consequently, increased difficulty for potential cyber attacks. The milestone achieved by IREN in this area further strengthens its position as a technological and operational leader in the sector.
Unprecedented Financial Performance
The co-CEO of IREN, Daniel Roberts, emphasized how the fiscal year 2025 was truly a turning point, both financially and operationally. In an official statement, Roberts highlighted the record results achieved by the company, including a particularly strong net profit and an EBITDA growth exceeding ten times compared to the previous year. These figures demonstrate IREN’s ability to quickly adapt to market changes and seize new business opportunities.
Market Capitalization and Stock Performance
The IREN stock, listed on Nasdaq with the ticker IREN, closed Thursday at $23.02 per share, reaching a market capitalization of $5.4 billion. The strong investor interest, demonstrated by the price increase in after-hours trading, reflects confidence in the growth strategies and the company’s solidity.
Future Prospects: Between Mining and Artificial Intelligence
The evolution of IREN demonstrates how the Bitcoin mining sector is undergoing a phase of profound transformation. The integration between mining activities and cloud AI services represents an emerging trend, set to redefine market balances. Thanks to investments in new technologies and infrastructures, IREN is preparing to play a leading role in the artificial intelligence landscape, while maintaining its leadership in Bitcoin mining.
Conclusions: IREN as a Model of Innovation and Growth
The financial and operational results of IREN Limited confirm the validity of the strategic choices adopted by the company. The ability to generate substantial revenue both from Bitcoin mining and from AI cloud, combined with investments in cutting-edge infrastructure, positions IREN as a benchmark for the entire sector. In a constantly evolving market context, the company stands out for its vision, innovation, and solidity, offering investors a perspective of sustainable and lasting growth.
