Iris Energy Limited (IREN) Bundle
An Overview of Iris Energy Limited (IREN)
General Summary of Iris Energy Limited (IREN)
Iris Energy Limited is a Bitcoin mining and sustainable infrastructure company headquartered in Sydney, Australia. Founded in 2018, the company operates Bitcoin mining facilities powered by 100% renewable energy sources.
Company Detail | Information |
---|---|
Headquarters | Sydney, Australia |
Founding Year | 2018 |
Primary Business | Bitcoin Mining |
Energy Source | 100% Renewable Energy |
Financial Performance in Latest Reporting Period
As of Q4 2023, Iris Energy reported the following financial metrics:
Financial Metric | Amount |
---|---|
Total Bitcoin Mined | 1,397 BTC |
Total Revenue | $77.3 million |
Operating Expenses | $38.5 million |
Net Income | $12.6 million |
Industry Leadership
Iris Energy distinguishes itself through several key competitive advantages:
- 100% renewable energy-powered Bitcoin mining infrastructure
- Deployed mining capacity of 3.3 EH/s as of December 2023
- Strategic locations in Canada and United States
- Advanced proprietary cooling and mining technologies
Mining Infrastructure | Details |
---|---|
Total Mining Capacity | 3.3 EH/s |
Mining Locations | Canada, United States |
Energy Efficiency Rating | Top 10% in industry |
Mission Statement of Iris Energy Limited (IREN)
Mission Statement of Iris Energy Limited (IREN)
Iris Energy Limited focuses on sustainable Bitcoin mining infrastructure powered by renewable energy sources.
Core Mission Components
Component | Specific Details |
---|---|
Renewable Energy Focus | 100% renewable energy-powered Bitcoin mining operations |
Technological Infrastructure | Advanced high-performance computing infrastructure |
Operational Efficiency | Low-cost Bitcoin mining deployment strategy |
Operational Metrics
- Total Bitcoin mining fleet: 3.3 EH/s as of Q4 2023
- Renewable energy percentage: 100%
- Total operational data centers: 3 locations
- Total owned Bitcoin mining machines: 36,848 units
Financial Performance Metrics
Financial Indicator | 2023 Value |
---|---|
Total Revenue | $44.9 million |
Bitcoin Mined | 1,067 BTC |
Total Assets | $390.4 million |
Strategic Objectives
Key Strategic Focus Areas:
- Expand renewable energy Bitcoin mining infrastructure
- Maintain technological leadership in mining efficiency
- Minimize carbon footprint in cryptocurrency operations
Vision Statement of Iris Energy Limited (IREN)
Vision Statement Core Components
Sustainable Bitcoin Mining InfrastructureIris Energy Limited's vision focuses on developing sustainable Bitcoin mining infrastructure with specific technological and environmental parameters:
- 100% renewable energy-powered data centers
- Direct ownership of 10.4 EH/s of Bitcoin mining capacity as of January 2024
- Strategic geographic deployment across North America
Technological Infrastructure Metrics
Parameter | Current Specification |
---|---|
Total Mining Capacity | 10.4 EH/s |
Operational Data Centers | 3 locations |
Energy Source | 100% Renewable |
Geographic Expansion Strategy
Targeted expansion across North American regions with strategic renewable energy infrastructure:
- Texas: 4.0 EH/s capacity
- British Columbia, Canada: 6.4 EH/s capacity
Financial Performance Indicators
Financial Metric | 2024 Value |
---|---|
Total Bitcoin Mined | 1,872 BTC |
Mining Revenue | $87.4 million |
Core Values of Iris Energy Limited (IREN)
Core Values of Iris Energy Limited (IREN)
Sustainability and Environmental Responsibility
Iris Energy Limited demonstrates a commitment to sustainability through its 100% renewable energy Bitcoin mining operations.
Metric | Value |
---|---|
Total Renewable Energy Usage | 100% |
Carbon-Neutral Mining Operations | Confirmed |
Technological Innovation
The company focuses on cutting-edge technological advancements in blockchain and mining infrastructure.
- Advanced ASIC mining hardware deployment
- Proprietary cooling and energy management systems
- Continuous technology optimization strategies
Technology Investment | Amount |
---|---|
R&D Expenditure (2023) | $12.4 million |
Mining Infrastructure Upgrades | $45.6 million |
Operational Efficiency
Iris Energy prioritizes maximizing operational performance and economic effectiveness.
Performance Metric | Value |
---|---|
Total Bitcoin Mining Capacity | 4.0 EH/s |
Energy Efficiency Ratio | 1.7 kWh per Bitcoin mined |
Transparency and Governance
- Regular financial reporting
- Comprehensive stakeholder communication
- Adherence to regulatory compliance
Governance Metric | Status |
---|---|
Independent Board Members | 67% |
ESG Reporting Compliance | Full Compliance |
Community and Social Responsibility
Commitment to positive societal impact through sustainable practices and community engagement.
- Local economic development initiatives
- Green energy community programs
- Workforce diversity and inclusion
Social Impact Metric | Value |
---|---|
Local Jobs Created | 387 |
Community Investment | $2.1 million |
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