Season 1 Episode 376
IREN achieves record-breaking financial results with FY25 revenue hitting $501 million, up 168% year-on-year, and Q4 standalone revenue of $187 million. The company has scaled to a billion-dollar annualized revenue run rate for Bitcoin mining while simultaneously building a $250 million AI cloud services business.
• Expanded contracted grid-connected power to almost 3 gigawatts with a multi-gigawatt pipeline
• Achieved 50 exahash of Bitcoin mining capacity, hitting targets that many thought impossible
• Procured 10,900 GPU servers from NVIDIA for AI cloud services
• Secured preferred partner status with NVIDIA for cloud service provision
• Built proper data centers rather than container-based solutions, allowing consistent performance even during summer heat
• Achieved industry-leading power usage effectiveness (PUE) of 1.1 in British Columbia facilities
• Vertical integration provides competitive advantage by eliminating co-location fees and improving service response times
• Successfully challenging industry assumptions about data center locations, proving that digital distance (latency) matters more than physical location
• Secured 100% lease financing for GPU purchases at single-digit interest rates
• Maintaining strategic flexibility to allocate computing resources to highest-return opportunities
Hit the like button and subscribe to stay updated on our future discussions and interviews with industry leaders.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Anthonys Info:
Website:
https://www.powermininganalysis.com
X:
https://twitter.com/cazenove_uk
Patreon:
https://www.patreon.com/Cazenove_UK
Bryce's Info:
X:
Patreon:
https://www.patreon.com/McNallieMoney
Merch:
https://shop.mcnalliemoney.com/
Website:
Business Inquiries:
Email - powermininganalysis@gmail.com
Published on 4 months ago
If you like Podbriefly.com, please consider donating to support the ongoing development.
Donate