Iris Energy (IREN) has released an update.
Iris Energy, a leader in next-generation data center operations for Bitcoin and AI, published its June 2024 update, revealing significant operational achievements such as mining 233 Bitcoin, preparing for a hashrate increase to 30 EH/s by year’s end, and expanding AI Cloud Services with 816 NVIDIA H100 GPUs. The company announced a fully-funded expansion plan, showcasing a strong financial position with $425.3 million in cash and no debt, while advancing its data center construction projects and considering monetization strategies for its power and land portfolio.
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