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 |
Iris Energy Limited (IREN) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.