IREN Reports Record July Revenue and AI Expansion

Nasdaq-listed IREN achieved record July performance with $86M revenue, 45.4 EH/s hashrate, and strategic AI expansion including orders for 2,400 NVIDIA B200/B300 GPUs (256 contracted) and a 50 MW data center set for Q4 2025.

BTC

Summary

Nasdaq-listed mining firm IREN reported record July operating results via GlobeNewswire with $86M in revenue and $66M in hardware profit. The company achieved an average hashrate of 45.4 EH/s, mining 728 BTC at a per-BTC revenue of $114,900. Its AI Cloud business expanded with orders for 2,400 NVIDIA B200/B300 GPUs, including an initial contract of 256 units. The Childress 50 MW liquid-cooled AI data center is expected to be operational in Q4 2025.

Terms & Concepts
  • EH/s: A unit of measurement representing exahashes per second in cryptocurrency mining.
  • BTC: The abbreviation for Bitcoin, the leading cryptocurrency.
  • NVIDIA B200/B300 GPUs: Specific models of high-performance graphics processing units used for AI and mining, highlighting the company's technological upgrade.