IREN, an Australian Bitcoin miner, has described the financial year ending June 30, 2025, as its “breakout year.” The company’s revenue rose by more than 2X from $187.2 million to $501 million, while net income reversed a loss of $28.9 million from the previous year to reach a record $86.9 million. The company’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) also saw a record increase, soaring by 1,344% from $19.3 million to $278.2 million.
According to the miner’s FY25 financial results presentation, under current mining economics, IREN is approaching $1 billion in annualized revenue from bitcoin mining alone. It also expects to realize $200 to $250 million in annualized revenue from its AI Cloud business, which will use 10.9k NVIDIA GPUs by December 2025.
Daniel Roberts, co-founder and co-CEO of IREN, said that FY25 was a breakout year both “financially and operationally.” He added:
“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.”
Roberts stated that the company’s vertical integration strategy positions it to deliver across the entire AI infrastructure stack, which includes powered shells, turnkey colocation, and fully managed cloud services. He also revealed that IREN is advancing a range of additional commercial opportunities while executing on its near-term growth.
As per the company’s full-year financial results presentation, construction is underway for a new liquid-cooled data center at Prince George for NVIDIA GB300 NVL72 systems. This facility will have the capacity to support more than 4.5k GB300 GPUs and will include back-up generators and UPS systems for all GPUs in British Columbia.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。