IREN Record Earnings and Profitability

$IREN (+7,35%)
$NVDA (+0,29%)
$BTC (-0,76%)

Expansion to 10.9k GPUs & $200-250m AI Cloud Annualized Revenue by Dec 2025

GPU Financing & NVIDIA Preferred Partner Status Secured 🚀

New Liquid-Cooled GB300 NVL72 Deployments

Highlights

Q4 FY25 revenue of $187.3m, net income of $176.9m, Adj. EBITDA of $121.9m2, and EBITDA of $241.4m2

Approaching $1.25bn total annualized revenue with scope for further growth ahead3>$1bn annualized revenue from Bitcoin mining under current mining economics4

$200-250m annualized revenue from AI Cloud at 10.9k NVIDIA GPUs by Dec 20251

Capacity to deploy >60,000 NVIDIA Blackwell GPUs across existing British Columbia data centers, and >19,000 GB300s at Horizon 15

Secured a second round of GPU financing for 100% of hardware purchase price, with further financing workstreams underway

Secured NVIDIA Preferred Partner status

FY25 Financial & Operating Results

Record results:Total revenue increased to record $501.0 million (+168% vs. FY24 $187.2m)

Net income increased to record $86.9m (FY24 net loss of $28.9m)

Adj. EBITDA increased to record $269.7m (+395% vs. FY24 $54.4m)2

EBITDA increased to record $278.2m (+1,344% vs. FY24 $19.3m)2

Operational execution:Contracted grid-connected power increased to 2,910MW (+35%)

Operating data center capacity increased to 810MW (+212%)

Bitcoin mining capacity increased to 50 EH/s (+400%)

AI Cloud capacity increased to 1.9k NVIDIA GPUs (+132%)

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Project Update:

British Columbia (160MW)

Continued transition from ASICs for Bitcoin mining to GPUs for AI Cloud

Construction underway for new liquid-cooled data center at Prince George for NVIDIA GB300 NVL72 systems, with capacity to support >4.5k GB300 GPUs

Back-up generators and UPS systems to be installed for all GPUs

Childress (750MW)

Horizon 1 (50MW IT Load) liquid-cooled AI data center on track for Q4 2025

Horizon 2 (50MW IT Load) liquid-cooled AI data center site works and procurement underway

Sweetwater Hub (2GW)

Sweetwater 1 (1,400MW) construction progressing to April 2026 energization target

Sweetwater 2 (600MW) energization targeting late 2027

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Management Commentary

“FY25 was a breakout year financially and operationally, with record results that included strong net income and more than 10x EBITDA growth,” said Daniel Roberts, Co-Founder and Co-CEO of IREN.

“We expanded our contracted, grid-connected power to nearly 3GW, more than tripled operating data center capacity to 810MW, and completed our 50 EH/s expansion – all while laying the foundation for rapid growth in our AI Cloud business to more than 10,000 NVIDIA GPUs.

Looking ahead, our vertical integration uniquely positions us to deliver across the entire AI infrastructure stack - from powered shells to turnkey colocation to fully managed cloud services - and we are advancing a range of additional commercial opportunities while executing on near-term growth.”

https://www.globenewswire.com/news-release/2025/08/28/3141101/0/en/IREN-Reports-Full-Year-FY25-Results.html

$IREN (+7,35%) erwartet ein Wachstum der Betriebskapazität um 285 % in einem Jahr

2.910 MW vertraglich vereinbart mit einer Multi-GW-Pipeline, Hyperscale-Rechenzentren und Positionierung für die steigende Nachfrage nach KI-Infrastruktur.

H1 '25: 810 MW

H1 '26: 2310 MW

$NBIS (+0,4%)
$BTC (-0,76%)

Hendrik S.@portfolio_genius_2718

10H

Too expensive to get in?

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BamBamInvest@BamBamInvest

@portfolio_genius_2718 depends on your investment period, but I think the company is a future multibagger, but I wouldn't jump in now but wait for a consolidation or get in in tranches. $IREN is now the largest $BTC mining company and the only really profitable one 💪

••

@portfolio_genius_2718

For comparison, before yesterday's figures, although the companies cannot be compared 1 to 1:

$NBIS: quarterly sales of 100 million US dollars
$IREN: monthly turnover of 86 million US dollars
Nebius: secures 1 GW of capacity by the end of 2026
IREN: already has almost 3 GW of capacity
Nebius: valuation of 17 billion dollars
IREN: valuation of 5 billion US dollars
In my opinion, IREN is severely undervalued and is slowly no longer valued and seen purely as a $BTC miner. ✌️

Colonia@colonia_official

19Min

Definitely not too late!

Singulus@Singulus

THAT remains the way 💯!

@Singulus That is and remains the way! 🚀

Now a colocation deal with a hyperscaler and launch the spaceship 💪

lookingforinformation@lookingforinformation

@BamBamInvest mega cool everything, but the deal has to come slowly 🤩

@lookingforinformation just be patient, they have a much stronger basis for negotiation here than, for example. $WULF because they also have much larger capacities and are continuing to expand, the AI cloud business will continue to grow, and the fact that $BTC continues to hold its own is also an advantage. The capacities will be needed in the future. Good things need because 👌

@lookingforinformation Before yesterday's figures, to
to give you something to think about.

Yes, you can't compare the companies 1 to 1, but on the basis of capacities and figures:

$NBIS: quarterly sales of 100 million US dollars
$IREN: monthly turnover of 86 million US dollars
$NBIS: secures 1 GW of capacity by the end of 2026
$IREN: already has almost 3 GW of capacity
$NBIS: Valuation of 17 billion dollars
$IREN: Valuation of 5 billion US dollars

In my opinion, it is highly undervalued and is slowly no longer valued and seen as a pure $BTC miner, the story is slowly starting to grow and they have strong cards and a strong negotiating basis for a colocation deal because the capacities are already available now and are constantly being expanded. It will become increasingly difficult and expensive to obtain electricity contracts, suitable land and the basis of the energy supply is alternative energies. In my opinion, several important issues for the future are being addressed here and $IREN recognized this early on! 🚀

In addition to the fact that $IREN is still the only truly efficient, strongest and most profitable $BTC miner! 👌

51Min

@BamBamInvest I simply love this share 🤣

Boutiquedeinvestimento@Boutiquedeinvestimento

Lets gooo 🚀🚀🚀

IREN Record Earnings and Profitability 🚀