Canal Flats

Iris Energy Announces Monthly Investor Update for March 2023

Retrieved on: 
Thursday, April 6, 2023

SYDNEY, Australia, April 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 March 2023, containing its results from operations as well as business updates.

Key Points: 
  • Iris Energy is pleased to advise the following executive leadership appointments effective immediately.
  • Kent has been with Iris Energy since 2020 and oversees commercial initiatives including project development, energy and hardware procurement, Government relations and JVs / M&A.
  • Bom has been with Iris Energy since 2019 and oversees capital markets initiatives including equity and debt financings, investor relations, marketing and public relations.
  • Canal Flats update (0.8 EH/s, 30MW capacity) – BC, Canada
    Canal Flats has been powered by 100% renewable energy since inception5.

Iris Energy Announces Monthly Investor Update for February 2023

Retrieved on: 
Tuesday, March 7, 2023

SYDNEY, Australia, March 07, 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 February 2023, containing its results from operations as well as business updates.

Key Points: 
  • On February 15, Iris Energy reported financial results for the three and six-months ended December 31, 2022 and provided a general business update.
  • The earnings webcast and the Company’s latest investor presentation are available on the Company’s website here: https://investors.irisenergy.co/events-and-presentations
    Canal Flats update (0.8 EH/s, 30MW capacity) – BC, Canada
    Canal Flats has been powered by 100% renewable energy since inception5.
  • The project achieved average monthly operating hashrate of 512 PH/s in February compared to 509 PH/s last month.
  • Prince George update (1.6 EH/s, 50MW capacity) – BC, Canada
    Prince George has been powered by 100% renewable energy since inception5.

Iris Energy Announces Monthly Investor Update for January 2023

Retrieved on: 
Tuesday, February 7, 2023

SYDNEY, Australia, Feb. 07, 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 January 2023, containing its results from operations as well as business updates.

Key Points: 
  • Canal Flats update (0.8 EH/s, 30MW capacity) – BC, Canada
    Canal Flats has been powered by 100% renewable energy since inception5.
  • The project achieved average monthly operating hashrate of 509 PH/s in January compared to 510 PH/s last month.
  • The project achieved average monthly operating hashrate of 654 PH/s in January compared to 184 PH/s last month.
  • Prince George update (1.4 EH/s, 50MW capacity) – BC, Canada
    Prince George has been powered by 100% renewable energy since inception5.

Iris Energy Announces Executive Update

Retrieved on: 
Wednesday, January 25, 2023

SYDNEY, Australia, Jan. 25, 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 retirement of its President, Lindsay Ward.

Key Points: 
  • SYDNEY, Australia, Jan. 25, 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 retirement of its President, Lindsay Ward.
  • Lindsay joined Iris Energy as President in October 2021 to assist with the build out of the Company’s initial growth projects in North America and to enhance the Company’s operational capability.
  • Having supported Iris Energy’s first phase of growth post listing, Lindsay is retiring as part of his transition away from a full-time executive career to pursue additional Non-Executive Director opportunities.
  • On behalf of the Iris Energy team, we would like to thank Lindsay for all his hard work and contribution and wish him nothing but the best in the next phase of his career.”
    “It has been a privilege to serve as President of Iris Energy and to help execute Iris Energy’s initial portfolio of growth projects across British Columbia and Texas.

Iris Energy Announces Monthly Investor Update for December 2022

Retrieved on: 
Thursday, January 12, 2023

SYDNEY, Australia, Jan. 12, 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 December 2022, containing its results from operations as well as business updates.

Key Points: 
  • The update can be accessed via the following link: https://irisenergy.gcs-web.com/news-releases/news-release-details/iris-e...
    As at 2022 calendar year end, the Group has $39 million of cash in the bank (preliminary and unaudited) and no debt5.
  • On December 21, 2022, Non-Recourse SPV 1 repaid all outstanding amounts (approximately $1 million) under the SPV 1 Financing Agreement.
  • Canal Flats update (0.8 EH/s, 30MW capacity) – BC, Canada
    Canal Flats has been powered by 100% renewable energy since inception9.
  • Prince George update (1.4 EH/s, 50MW capacity) – BC, Canada
    Prince George has been powered by 100% renewable energy since inception9.

Iris Energy’s 160MW of Data Center Capacity in British Columbia Not Affected by Recent Government Decision to Temporarily Suspend New and Early Stage Connection Requests for Cryptocurrency Mining

Retrieved on: 
Friday, December 23, 2022

On December 21, 2022, the Government of British Columbia announced a temporary 18-month suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest1.

Key Points: 
  • On December 21, 2022, the Government of British Columbia announced a temporary 18-month suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest1.
  • According to the release, cryptocurrency mining projects that are operational, and a small number of projects that are well advanced in BC Hydro’s connection process, will not be affected.
  • As a result, the Company’s 160MW of data center capacity at Canal Flats (30MW), Prince George (50MW) and Mackenzie (80MW) is unaffected.
  • Iris Energy looks forward to continuing to work with BC Hydro and local communities in respect of its existing data centers and any additional development projects the Company may pursue in the future.

Iris Energy Announces Monthly Investor Update for July 2022

Retrieved on: 
Tuesday, August 9, 2022

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

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

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

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.