NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the signing of a transmission connection agreement to support a planned 800MW data center campus in Bundey, South Australia. Highlights 800MW data center campus in Bundey, South AustraliaHigh-voltage transmission connection secured into the utility's substationOn track to commence energization from 2028Submarine fiber connectivity into key Asia-Pacific demand centersExpected to create over 200 ongoing skilled jobs, plus more than 500 during construction This marks IREN's first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date. The si

NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has closed a $3.65bn investment-grade GPU financing facility to support the delivery of its AI Cloud contract with Microsoft. Highlights Highest publicly rated investment-grade GPU financing announced$3.65bn facility at blended cost of debt of 6.00%:1 $2.10bn U.S. private placement at a fixed rate equivalent to SOFR+2.13%2$1.55bn delayed draw term loan (DDTL) at a floating rate of SOFR+2.25% Funds 96% of $5.81bn GPU capex for Microsoft contract at all-in financing cost of 3.31%, including customer prepayments3 Anchored by Microsoft's offtake, the transaction received Fitch and DBRS rating

High fidelity simulation environment will help validate large NVIDIA GPU AI infrastructure before physical deploymentNEW YORK, June 1, 2026 /PRNewswire/ -- BE Networks, a leading provider of networking and observability software solutions for AI datacenters today announced that it is working with IREN Limited (NASDAQ:IREN), a leading next-generation data center and AI cloud infrastructure company, to leverage NVIDIA DSX Air to simulate and validate the network architecture supporting IREN's upcoming deployment of more than 50,000 NVIDIA Blackwell Ultra GPUs. The initiative will

NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has entered into a purchase agreement with Dell for air-cooled Blackwell systems to service its previously announced five-year, $3.4bn managed services AI cloud contract. The transaction is part of IREN's ongoing investment to accelerate time-to-compute, today the defining constraint in AI. The Blackwell systems will be deployed across existing data centers at IREN's Childress, Texas campus, with commissioning targeted for early 2027. Upon commissioning, the AI cloud contract is expected to increase IREN's annualized run-rate revenue (ARR) from $3.7bn to $4.4bn.1 This reflects IREN's ongoing

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the acquisition of Awaken, a creative and media agency specializing in content strategy and brand development for high-growth companies. As part of the transaction, Awaken will cease independent operations and senior members of the team will join IREN under executive employment agreements, including Founder and CEO Chris Parker, who will lead IREN's brand and marketing strategy. Awaken has served as IREN's lead external marketing partner, supporting the Company's AI Cloud growth initiatives. Bringing the team in-house reflects IREN's focus on strengthening brand awareness as IREN expands into n

NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction $2.6 billion offering, plus fully exercised $400 million greenshoeNet proceeds of approximately $2.96 billion1.00% coupon, 32.5% conversion premiumNo put option for investors in the notes (other than a customary put right in the case of certain fundamental cha

NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering size was increased from the previously announced offering size of $2 billion aggregate principal amount of notes. Key details of the transaction $2.6 billion convertible senior notes offering (1.00% coupon, 32.5% conversion premium)Capped call transactions entered into in connec

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced its intention to offer, subject to market and other conditions, $2 billion aggregate principal amount of convertible senior notes due 2033 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). IREN also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $300 million principal amount of notes. Description of notes

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA. Under the agreement, IREN will provide NVIDIA with access to managed GPU cloud services for its internal AI and research workloads, including orchestration and cluster management software in collaboration with Mirantis. The agreement will be serviced by air-cooled Blackwell platform systems to be deployed within approximately 60MW of IREN's existing data centers at its Childress, Texas campus. The total value of the five-year contract is approximately $3.4 billion. Daniel Roberts, Co-Founder & Co-CEO of IREN, com

$3.4bn AI Cloud Contract & 5GW Strategic Partnership with NVIDIA 2026 Expansion to $3.7bn ARR On Track1 2027 Expansion to 1.2GW of AI Cloud Capacity In Build 2028+ Expansion Across North America, Europe and APAC Underway NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN" or "the Company") today provided a business update and reported its financial results for the three months ended Mar 31, 2026. Highlights $3.4bn AI Cloud contract with NVIDIA 5-year contract for air-cooled Blackwell GPUsDeploying within 60MW of existing data centers at ChildressTargeting ramp from early 2027 5GW strategic partnership with NVIDIA Collaborat

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H.C. Wainwright upgraded IREN Limited from Sell to Buy and set a new price target of $80.00

Goldman initiated coverage of IREN Limited with a rating of Neutral and set a new price target of $39.00

Citizens JMP initiated coverage of IREN Limited with a rating of Mkt Outperform and set a new price target of $80.00

H.C. Wainwright downgraded IREN Limited from Buy to Sell and set a new price target of $45.00

Analyst downgraded IREN Limited from Neutral to Underweight and set a new price target of $24.00

Arete initiated coverage of IREN Limited with a rating of Buy and set a new price target of $78.00

Compass Point resumed coverage of IREN Limited with a rating of Buy

Analyst downgraded IREN Limited from Overweight to Neutral and set a new price target of $16.00

Analyst upgraded IREN Limited from Neutral to Overweight and set a new price target of $12.00 from $15.00 previously

BTIG Research initiated coverage of IREN Limited with a rating of Buy and set a new price target of $33.00

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the acquisition of Awaken, a creative and media agency specializing in content strategy and brand development for high-growth companies. As part of the transaction, Awaken will cease independent operations and senior members of the team will join IREN under executive employment agreements, including Founder and CEO Chris Parker, who will lead IREN's brand and marketing strategy. Awaken has served as IREN's lead external marketing partner, supporting the Company's AI Cloud growth initiatives. Bringing the team in-house reflects IREN's focus on strengthening brand awareness as IREN expands into n

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has entered into an agreement to acquire Ingenostrum, S.L. (Nostrum Group), a next-generation data center developer based in Spain. The acquisition marks IREN's entry into the European market and increases its power portfolio to 5GW. It adds approximately 490MW of secured, grid-connected power in Spain, together with an additional development pipeline, enhancing IREN's ability to service observed customer demand in Europe. Spain provides an attractive backdrop for large-scale AI data center development, supported by favorable AI policy settings, a constructive regulatory and permitting envir

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the appointment of John Gross as Chief Innovation Officer, a newly established role responsible for leading engineering standards, thermal architecture, and commissioning across IREN's next-generation data centers. Mr. Gross is a globally recognized leader in data center engineering, with two decades of industry experience and deep expertise in high-density and liquid-cooled data center design. He serves as Vice Chair of committees within ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers), which develops global standards for high-density and liquid-cooled data ce

Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE:BKKT) today announced the appointment of Mike Alfred to its Board of Directors. This addition strengthens Bakkt's governance and positions the Company to capitalize on the generational transformation in global financial infrastructure – redefining what money is, how it moves, and how markets trade and operate. "We're doubling down on our mission to build next-generation financial infrastructure by bringing world-class leaders onto our Board," said Akshay Naheta, CEO of Bakkt. "Mike's proven track record and reputation in the digital asset and fintech ecosystem brings unparalleled expertise, a powerful network and institutional credibil

BitGo, the digital asset infrastructure company, today announced the appointments of Brian Brooks, Sunita Parasuraman, and Justin Evans to its Board of Directors (the "Board"). These individuals collectively expand the Board's expertise across corporate finance, digital assets, regulatory policy, accounting, risk governance, and technology, and further strengthen BitGo's independent governance and oversight. "We are honored to welcome Brian, Sunita, and Justin to the Board," said Mike Belshe, CEO and Co-Founder of BitGo. "Their collective experience across finance, digital assets, regulation, and technology strengthens the foundation for BitGo's next stage of growth as a regulated digital

NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN" or "the Company") today announced the appointment of Anthony Lewis as Chief Financial Officer. Mr. Lewis joined IREN in July 2025 as Chief Capital Officer, leading the Company's capital markets strategy and financing activities. In his new role as CFO, Mr. Lewis will continue to oversee these responsibilities while assuming leadership of the Company's financial operations, reporting, and strategic planning. "Anthony has been a great addition to the leadership team," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "He has already contributed to the accelerated expansion of our AI Cloud business, ha

SYDNEY, July 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) today announced the appointment of Anthony Lewis as Chief Capital Officer, a newly established role responsible for overseeing the Company's capital markets activity. Mr. Lewis will lead the development of IREN's capital structure and financing strategy as the Company evaluates a range of AI infrastructure investments and associated funding requirements. Mr. Lewis brings more than two decades of experience in financial markets, including 22 years at Macquarie Group, a global financial services and asset management firm with a market capitalization of more than $50 billion and operations in 31 markets, where he most rece

SYDNEY, July 16, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. The Company is pleased to announce it has appointed Morgan Stanley & Co. LLC as financial advisor in connection with evaluating monetization opportunities in the AI data center market. About IREN IREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/

SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee. During her career as a senior technology executive, Ms. Parasuraman has built and scaled world-class teams at Meta (Facebook), VMware, Genentech, and Apple. Ms. Parasuraman most recently served as the Head of Investments, New Product Experimentation at Meta (Facebook) and, prior to that,

Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for May 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2May-23Average operating hashrate (PH/s)5,510Bitcoin mined508Mining revenue (US$'000)13,526Electricity costs (US$'000)6,056Revenue per Bitcoin (US$

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$3.4bn AI Cloud Contract & 5GW Strategic Partnership with NVIDIA 2026 Expansion to $3.7bn ARR On Track1 2027 Expansion to 1.2GW of AI Cloud Capacity In Build 2028+ Expansion Across North America, Europe and APAC Underway NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN" or "the Company") today provided a business update and reported its financial results for the three months ended Mar 31, 2026. Highlights $3.4bn AI Cloud contract with NVIDIA 5-year contract for air-cooled Blackwell GPUsDeploying within 60MW of existing data centers at ChildressTargeting ramp from early 2027 5GW strategic partnership with NVIDIA Collaborat

NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced that it will release its financial results for the three months ended March 31, 2026, on Thursday, May 7, 2026 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Thursday, May 7, 2026 ParticipantRegistration Link Live WebcastUse this link Phone Dial-In with Live Q&AUse this link    Participants joining the conference call via the phone dial-in option will receive their di

$3.6bn GPU Financing Secured for Microsoft Contract1 Targeted 140k GPU Expansion on Track to Deliver $3.4bn ARR by End of CY262 New 1.6GW Data Center Campus in Oklahoma NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN" or "the Company") today reported its financial results for the three months ended December 31, 2025. Highlights $3.6bn GPU financing secured for Microsoft contract1 Interest rate of <6% p.a.Together with Microsoft prepayment ($1.9bn) covers 95% of GPU-related capex Targeted 140k GPU expansion on track to deliver $3.4bn ARR by end of CY262 Horizon 1-4 construction progressing to scheduleBritish Columbia AI Cloud expansion ongoing, with ~$0.4

NEW YORK, Jan. 22, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN") today announced that it will release its financial results for the three months ended December 31, 2025, on Thursday, February 5, 2026 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Thursday, February 5, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&AUse this link      Participants joining the conference call via the phone dial-in option wil

Secured $9.7bn AI Cloud Contract with Microsoft  Targeting $3.4bn AI Cloud ARR by End of 2026, Expansion to 140k GPUs 1 NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN" or "the Company") today reported its financial results for the three months ended September 30, 2025. Highlights Targeting $3.4bn in AI Cloud annualized run-rate revenue (ARR) by the end of 2026 (expansion to 140k GPUs)1Secured $9.7bn contract with Microsoft: Phased deployments at Childress through 20265-year average term20% customer prepayment$1.9bn expected ARR contribution2 New multi-year contracts including Together AI, Fluidstack and Fireworks AI, supporting growth to target AI Cloud

NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN") today announced that it will release its financial results for the three months ended September 30, 2025, on Thursday, November 6, 2025 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Thursday, November 6, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&AUse this link      Participants joining the conference call via the phone dial-in option wi

NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries "IREN" or "the Company") today published its monthly update for August 2025. August Highlights AI Cloud expanding to 10.9k NVIDIA GPUs (>80% Blackwells), supported by non-dilutive GPU financingExpansion opportunity of >60k GPUs9 across British Columbia campuses, anchored by >20k at Prince George10NVIDIA Preferred Partner status securedLiquid-cooling installation at Prince George for GB300 NVL72 deployments   Key MetricsAug 25Jul 25*   Bitcoin Mining  Average operating hashrate44.0 EH/s45.4 EH/sBitcoin mined4668 BTC728 BTCRevenue per Bitcoin mined$114,816$114,891Net electricity cost

NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced that it will release its financial results for the fiscal year ended June 30, 2025, on Thursday, August 28, 2025 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations  Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Thursday, August 28, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&AUse this link      Participants joining the conference call via the phone dial-in option wi

NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today published its monthly update for July 2025. July Highlights Record monthly revenue and hardware profit3AI Cloud expanded with 2.4k NVIDIA B200/B300 GPUsInitial B200 shipment completed and fully contracted50MW Horizon 1 liquid-cooled AI data center on track for Q4'25Mackenzie fiber upgrade complete, further enhancing our ability to support continued growth of AI Cloud beyond Prince George1,400MW Sweetwater 1 civil and electrical works continuing Key MetricsJul 25Jun 25Bitcoin Mining  Average operating hashrate45.4 EH/s41.1 EH/sBitcoin mined4728 BTC620 BT

SYDNEY, July 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for June 2025. June Highlights Record monthly revenue and hardware profit350 EH/s mid-year target achievedAI Cloud expanded with ~2.4k Blackwell GPUs$550m convertible notes offering oversubscribedUS domestic issuer status transition completeCustomer and financing workstreams progressing across AI verticals Key MetricsJun 25May 25Bitcoin Mining  Average operating hashrate41.1 EH/s38.4 EH/sBitcoin mined4620 BTC627 BTCRevenue per Bitcoin mined$105,730$103,345Net electricity cost per Bitcoin mined2($26,259)($27,033)Revenue$65.5m