Summary by Moomoo AI
On May 15, 2024, Iris Energy Limited, a leading data center business focused on Bitcoin mining and AI cloud services, reported its financial results for the third quarter of fiscal year 2024. The company announced record revenue, Adjusted EBITDA, and operating cash flow, with a significant increase in operating cash inflow to $47.9 million year-to-date. Iris Energy's net profit after tax (NPAT) for the quarter was $8.6 million, a notable improvement from a loss in the previous quarter. The company's Bitcoin mining revenue rose to $53.4 million, driven by an increase in operating hashrate and higher Bitcoin prices. Additionally, Iris Energy expanded its AI Cloud Services with the commissioning of NVIDIA GPUs for a leading AI company, Poolside AI. The company mined...Show More