other_material
confidence high
sentiment positive
materiality 0.60
IREN reports record June revenue, reaches 50 EH/s self-mining target, expands AI Cloud with Blackwell GPUs
IREN Ltd
- Record monthly revenue of $68M and hardware profit of $51M in June 2025.
- Reached self-mining target of 50 EH/s installed hashrate at month end.
- Expanded AI Cloud by procuring ~2,400 NVIDIA Blackwell GPUs (B200 & B300).
- Completed $550M oversubscribed convertible notes offering and transitioned to US domestic issuer status.
- Customer workstreams progressing across AI verticals, including powered shells and colocation.
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