Darren Aftahi

Joseph Vafi

Brett Knoblauch

Joseph Flynn

Lucas Pipes

Reginald Smith

Gregory Lewis

Joshua Siegler

Michael Colonnese

Nick Giles

Paul Golding

Stephen Glagola

- IREN achieved **record FY25 revenue of $501m**, a **168% increase**, alongside **net income of $87m** and **adjusted EBITDA of $270m**, which grew **395%**.  **[1878848_2116742:11]** **[1878848_2116742:21]** **[1878848_2116742:24]**  The company also reported record **Q4 FY25 revenue of $187.3m** and **net income of $176.9m**.  **[1878848_2116742:11]** **[1878848_2116742:12]** 
- The company is significantly expanding its AI Cloud capacity, scaling from **1.9k to 10.9k GPUs** in the coming months, and targets **$200-250m in annualized AI Cloud revenue by December 2025**.  **[1878848_2116742:11]** **[1878848_2116742:14]** 
- IREN's operational infrastructure includes **50 EH/s** in Bitcoin mining capacity, **2,910MW** of contracted grid-connections, and **810MW** of operating data centers.  **[1878848_2116742:11]** 
- Near-term growth capital expenditures for AI Cloud expansion and data center development are **fully funded** through existing cash, operational cashflows, and GPU financing.  **[1878848_2116742:17]**

IREN Reports Record FY25 and Q4 FY25 Financial Results, Driven by AI Cloud and Bitcoin Mining Growth

IREN (IREN)