Iris Energy Limited (NASDAQ:IREN) reported its fiscal-year financial results after Wednesday's closing bell. Here's a look at the key figures from the report.

The Details: Iris Energy reported record fiscal-year Bitcoin (CRYPTO: BTC) mining revenue of $184.1 million, up from $75.5 million last year, driven by growth in operating hash rate and higher Bitcoin prices.

Iris Energy reported an increase in its self-mining capacity from 5.6 EH/s to 10 EH/s during the year.

• Iris Energy mined a record 4,191 Bitcoin, compared to 3,259 Bitcoin in fiscal year 2023, primarily driven by growth in operating hash rate.
• AI Cloud Services revenue was $3.1 million.
• Net electricity costs were $76 million, as compared to $35.8 million in fiscal year 2023, primarily driven by an increase in operating hash rate, with 80MW of additional capacity commissioned during the year.
• The company ended the year with 816 NVIDIA H100 GPUs, servicing multiple customers.

"We are pleased to report our full year FY24 results, which highlights continued growth across revenue, earnings and cashflow," said Daniel Roberts, co-founder and co-CEO of Iris Energy. "Our 2024 guidance remains unchanged. With 15 EH/s installed, we are well on track to achieve our 20 EH/s milestone next month and 30 EH/s this year."

Outlook: The company left its 2024 guidance unchanged and said it is on track to achieve the 20 EH/s milestone next month and 30 EH/s this year.

IREN Price Action: According to Benzinga Pro, Iris Energy shares are up 5.12% after-hours at $7.80 at the time of publication Wednesday.

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