Iris Energy Limited (IREN), a company traded on the Nasdaq Global Select Market, has reported its financial results for the fiscal year ended June 30, 2024. The company's revenue stood at $188.8 million, primarily driven by $184.1 million from Bitcoin mining operations and complemented by $3.1 million from AI Cloud Services. Despite the revenue, Iris Energy faced an operating loss of $26.3 million and a net loss of $29.0 million, attributed to expenses such as depreciation, electricity charges, and employee benefits. However, the company's financial position remains strong with cash and cash equivalents reported at $404.6 million and total assets at $1.15 billion. Total liabilities were contained at $55.7 million. On the business development front, Iris Energy expanded its data center capacity in Childress, Texas, deployed new Bitcoin mining hardware, and participated in an Emergency Response Service program in Texas. The company also noted ongoing litigation concerning Non-Recourse SPVs and equipment financing facilities, with a partial appeal granted by the Court of Appeal on intercompany transactions. Iris Energy's principal executive offices are located in Sydney, Australia.

Iris Energy Limited (IREN), a company traded on the Nasdaq Global Select Market, has reported its financial results for the fiscal year ended June 30, 2024. The company's revenue stood at $188.8 million, primarily driven by $184.1 million from Bitcoin mining operations and complemented by $3.1 million from AI Cloud Services. Despite the revenue, Iris Energy faced an operating loss of $26.3 million and a net loss of $29.0 million, attributed to expenses such as depreciation, electricity charges, and employee benefits. However, the company's financial position remains strong with cash and cash equivalents reported at $404.6 million and total assets at $1.15 billion. Total liabilities were contained at $55.7 million. On the business development front, Iris Energy expanded its data center capacity in Childress, Texas, deployed new Bitcoin mining hardware, and participated in an Emergency Response Service program in Texas. The company also noted ongoing litigation concerning Non-Recourse SPVs and equipment financing facilities, with a partial appeal granted by the Court of Appeal on intercompany transactions. Iris Energy's principal executive offices are located in Sydney, Australia.