Canal Flats

Iris Energy Announces Monthly Investor Update for July 2022

Retrieved on: 
Tuesday, August 9, 2022 - 1:43pm

SYDNEY, Australia, Aug. 09, 2022 (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 July 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • Heather has over 15 years senior People and Culture professional experience across all aspects of HR and joins Iris Energy from Nutrien, a ~US$45bn5 multinational agribusiness, where she was Senior Director, Digital HR & HR Business Relations.
  • Iris Energy will be participating at the upcoming Canaccord Genuity 42nd Annual Growth Conference in Boston, Massachusetts between August 8-11, 2022.
  • Canal Flats update (0.8 EH/s, 30MW) BC, Canada
    The project achieved average monthly operating hashrate of 836 PH/s in July compared to 872 PH/s in June.
  • The initial 9MW at Mackenzie achieved average monthly operating hashrate of 282 PH/s in July compared to 292 PH/s in June.

Canada and British Columbia invest $29.5 million in 11 projects to make B.C. communities more resilient to natural disasters

Retrieved on: 
Saturday, August 6, 2022 - 12:24am

These projects are in addition to 18 other disaster mitigation-related projects that were announced last summer.

Key Points: 
  • These projects are in addition to 18 other disaster mitigation-related projects that were announced last summer.
  • The Government of Canada is investing more than $24.6 million in these 11 projects.
  • The projects announced today will create jobs, improve critical infrastructure across B.C., and help communities withstand natural disasters.
  • During that period, over $38 billion has been earmarked for communities across Canada to support world-class, modern public infrastructure, including over $4.9 billion for disaster mitigation projects.

Iris Energy Limited Announces Monthly Investor Update for June 2022

Retrieved on: 
Thursday, July 7, 2022 - 12:28pm

SYDNEY, Australia, July 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform (4.3 EH/s expected to be operational by the end of Q4 2022), today published a monthly investor update for June 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • Canal Flats update (0.8 EH/s, 30MW) BC, Canada
    Canal Flats achieved average monthly operating hashrate in June of 872 PH/s, in line with May (873 PH/s).
  • Mackenzie update (2.1 EH/s, 50MW initial / 80MW total) BC, Canada
    The initial 9MW at Mackenzie achieved average monthly operating hashrate in June of 292 PH/s, in line with May (292 PH/s).
  • Construction of the remainder of the first 1.5 EH/s (50MW) remains on track for Q3 2022.
  • Iris Energy is proud to announce the Community Grants Program for Childress is open for applications.

Record average operating hashrate of 1,165 PH/s (+12% increase)

Retrieved on: 
Tuesday, June 7, 2022 - 12:40pm

Ms Nucifora has deep experience in financial and strategic business leadership, including financial leadership of successful growth companies both organically and through M&A activity.

Key Points: 
  • Ms Nucifora has deep experience in financial and strategic business leadership, including financial leadership of successful growth companies both organically and through M&A activity.
  • Canal Flats update (0.8 EH/s, 30MW) BC, Canada
    Canal Flats (100% renewable operations since inception6) achieved average monthly operating hashrate in May of 873 PH/s, in line with April (870 PH/s).
  • Further details will be provided in due course including as and when development sites transition to the construction phase.
  • The Companys average operating hashrate increased to 1,165 PH/s in May, primarily attributable to the first full month of operations of the initial 9MW at Mackenzie.

Iris Energy Reports Third Quarter FY22 Results

Retrieved on: 
Wednesday, May 11, 2022 - 9:01pm

SYDNEY, Australia, May 11, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform with 15 EH/s of operating and contracted miners (10 EH/s expected to be operational by early 2023), today reported its financial results for the third quarter ended March 31, 2022. All $ amounts are in United States Dollars (“USD”) and all A$ amounts are in Australian Dollars (“AUD”), unless otherwise stated.

Key Points: 
  • SYDNEY, Australia, May 11, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (Iris Energy or the Company), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform with 15 EH/s of operating and contracted miners (10 EH/s expected to be operational by early 2023), today reported its financial results for the third quarter ended March 31, 2022.
  • We remain focused on delivering our strategy of building a global institutional-grade data center platform for our shareholders, stated Daniel Roberts, Co-Chief Executive Officer and Co-Founder of Iris Energy.
  • Iris Energys President, Lindsay Ward, commented, Over the quarter, the Iris Energy team continued to expand and safely build out our second and third proprietary data center sites in British Columbia, Canada with our fourth site in Texas breaking ground in April.
  • Iris Energy generated quarterly revenue of $15.2 million (A$20.2 million) vs. $2.8 million (A$3.7 million) in the prior-year quarter, Adjusted EBITDA of $7.3 million (A$9.8 million) vs. $1.6 million (A$2.1 million) in the prior-year quarter and Adjusted EBITDA Margin of 48% vs. 57% in the prior-year quarter.

Iris Energy Limited Announces Monthly Investor Update for April 2022

Retrieved on: 
Thursday, May 5, 2022 - 2:24pm

SYDNEY, Australia, May 05, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform with 15 EH/s of secured miners (10 EH/s expected to be operational by early 2023), today published a monthly investor update for April 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • The project achieved monthly average operating hashrate of 168 PH/s in April (reflecting commissioning of 0.3 EH/s mid-month).
  • Construction of the remainder of the first 1.5 EH/s (50MW) remains on track for Q3 2022, with the additional 0.9 EH/s (30MW) expected in 2023.
  • Major electrical equipment installation is underway (including the substation), along with internal fit out of all three data center buildings.
  • Iris Energy is proud to announce the Community Grants Program for Mackenzie, BC is open for applications.

Iris Energy Limited Announces Monthly Investor Update for March 2022

Retrieved on: 
Thursday, April 7, 2022 - 1:19pm

SYDNEY, Australia, April 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform with 15 EH/s of secured miners (10 EH/s expected to be operational by early 2023), today published a monthly investor update for March 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • Iris Energy recently welcomed Giles Walsh as Vice President Operations (USA) and Kane Doyle as Senior Manager Investor Relations.
  • Giles has previously worked extensively across both North America and Australia and joins Iris Energy from Ventia, where he serviced infrastructure assets in the West Australian mining industry.
  • Kane has over 12 years experience across capital markets, investor relations and investment management and joins Iris Energy from QIC, where he worked in the capital solutions team (institutional alternative investments).
  • Iris Energy is pleased to advise that we expect to launch our 2022 Community Grants Program within the local communities of our four sites this year.

Iris Energy Limited Announces Monthly Investor Update for February 2022

Retrieved on: 
Tuesday, March 8, 2022 - 12:59pm

SYDNEY, Australia, March 08, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional grade infrastructure platform with 15 EH/s of secured miners (10 EH/s expected to be operational by early 2023), today published a monthly investor update for February 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • Canal Flats update (0.8 EH/s, 30MW) BC, Canada
    The project achieved monthly average operating hashrate of 844 PH/s in February 2022 (vs. 804 PH/s in January 2022).
  • The 5% increase in hashrate was driven by the installation of new latest generation hardware to replace existing lower efficiency hardware.
  • The first 0.3 EH/s (9MW) remains ahead of schedule with the anticipated operational start date in early Q2 2022.
  • In addition to targeting markets with abundant and/or under-utilized renewable energy, Iris Energy seeks to partner with the local communities in which we operate.

Iris Energy Reports Second Quarter Record Results

Retrieved on: 
Wednesday, February 9, 2022 - 9:17pm

SYDNEY, Australia, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner with 15 EH/s of secured miners, today reported its financial results for the quarter and half-year ended December 31, 2021. All $ amounts are in United States Dollars (“USD”) and all A$ amounts are in Australian Dollars (“AUD“), unless otherwise stated.

Key Points: 
  • We are pleased to report record financial and operating results as part of our inaugural quarterly and half-yearly report as a listed company, stated Daniel Roberts, Co-Chief Executive Officer and Founder of Iris Energy.
  • We are looking forward to the upcoming 12 to 18 months, which we expect will be transformational for the Company.
  • Iris Energy generated record quarterly revenue ($20.0 million vs. $10.4 million during the previous quarter), Adjusted EBITDA ($14.3 million vs. $5.6 million during the previous quarter) and Adjusted EBITDA Margin (72% vs. 54% during the previous quarter).
  • Any forward-looking statement that Iris Energy makes in this press release speaks only as of the date of such statement.

Iris Energy Limited Announces Monthly Investor Update for January 2022

Retrieved on: 
Monday, February 7, 2022 - 1:38pm

SYDNEY, Australia, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner with 15 EH/s of secured miners, today published a monthly investor update for January 2022, containing its results from operations as well as construction and development updates.

Key Points: 
  • Transformational 600MW connection agreement with AEP Texas, increasing power capacity to 765MW (~22 EH/s1)
    SYDNEY, Australia, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (Iris Energy or the Company), a leading sustainable Bitcoin miner with 15 EH/s of secured miners, today published a monthly investor update for January 2022, containing its results from operations as well as construction and development updates.
  • The project achieved monthly average operating hashrate of 804 PH/s in January 2022 (vs. 748 PH/s in December 2021), an increase of 8%.
  • In addition to targeting markets with abundant and/or under-utilized renewable energy, Iris Energy seeks to partner with the local communities in which we operate.
  • Iris Energy is proud to continue to support, and provide funding to, local sporting teams and emergency services groups.