IREN Limited will announce financial results on February 12, 2025, followed by a conference call and Q&A session.
Quiver AI Summary
IREN Limited announced that it will release its financial results for the three and six months ending December 31, 2024, on February 12, 2025, at 5:00 p.m. New York time, which will be followed by a conference call. The event will be available via live webcast and a recording will be accessible afterward. Participants can register for the call and submit questions in advance or during the event. IREN is a data center business focused on Bitcoin mining and AI services, operating entirely on renewable energy. The company is expanding its capabilities with a target of 57 EH/s in Bitcoin mining and a robust development portfolio of renewable energy projects.
Potential Positives
- IREN Limited is set to release its financial results on February 12, 2025, indicating transparency and a commitment to keeping stakeholders informed.
- The company is expanding its operations in Bitcoin mining, targeting 57 EH/s in 2025, which reflects growth in a high-demand sector.
- IREN is increasing its data center capacity from 510MW to 910MW, showcasing significant infrastructure development aligned with market needs.
- The company emphasizes its use of 100% renewable energy for its operations, supporting sustainability and appealing to environmentally conscious investors.
Potential Negatives
- The announcement of the financial results release may indicate that the company is behind in its overall financial transparency, as it only communicates this information several weeks after the end of the reporting period.
- There is no mention of the financial performance or any specific achievements since the last report, which may raise concerns among investors about the company's current operational status or growth trajectory.
- The focus on renewable energy and supporting local communities could imply that the company is facing pressures related to sustainability and environmental impact, which may not directly translate into financial gains or investor confidence.
FAQ
When will IREN release its financial results?
IREN will release its financial results on February 12, 2025, at 5:00 p.m. New York time.
How can I join the IREN conference call?
You can join the IREN conference call via the provided participant registration link for phone dial-in or live webcast.
Will there be a Q&A session during the call?
Yes, there will be a Q&A session following the financial results presentation during the conference call.
What technology does IREN utilize for its services?
IREN utilizes a technology stack optimized for performance in AI cloud services and Bitcoin mining operations.
How does IREN ensure renewable energy usage?
IREN targets low-cost, underutilized renewable energy sites, ensuring its operations are powered by 100% renewable energy sources.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IREN Hedge Fund Activity
We have seen 106 institutional investors add shares of $IREN stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CASTLE HOOK PARTNERS LP removed 6,868,714 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $57,971,946
- MOORE CAPITAL MANAGEMENT, LP removed 5,464,189 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $46,117,755
- MORGAN STANLEY removed 3,523,327 shares (-82.4%) from their portfolio in Q3 2024, for an estimated $29,736,879
- TWO SIGMA INVESTMENTS, LP removed 2,528,856 shares (-82.2%) from their portfolio in Q3 2024, for an estimated $21,343,544
- VALIANT CAPITAL MANAGEMENT, L.P. removed 2,521,954 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $21,285,291
- JAT CAPITAL MGMT LP removed 2,403,782 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $20,287,920
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 2,385,114 shares (+109.2%) to their portfolio in Q3 2024, for an estimated $20,130,362
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SYDNEY, Feb. 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN ) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and six-months ended December 31, 2024, on Wednesday, February 12, 2025 and host a conference call beginning at 5:00 p.m. New York 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 Details
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Time & Date: | 5:00 p.m. New York time, Wednesday, February 12, 2025 | ||
9:00 a.m. Sydney time, Thursday, February 13, 2025 | |||
Participant | Registration Link | ||
Live Webcast | Use this link | ||
Phone Dial-In with Live Q&A | Use this link |
Participants joining the conference call via the phone dial-in option will receive their dial-in number, passcode and PIN following registration using the link above. It would be appreciated if all callers could dial in approximately 5 minutes prior to the scheduled start time.
There will be a Q&A session after the Company delivers its financial results. Those dialling in via phone can elect to ask a question via the moderator. Participants on the live webcast have the ability to pre-submit a question upon registering to join the webcast or can submit a question during the live webcast.
About IREN
IREN is a leading 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 57 EH/s in 2025. Operations since 2019.
- AI Cloud Services: providing cloud compute to AI customers, 1,896 NVIDIA H100 & H200 GPUs. Operations since 2024.
- Next-Generation Data Centers : 510MW of operating data centers, expanding to 910MW in 2025. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications.
- Technology : technology stack for performance optimization of AI Cloud Services and Bitcoin Mining operations.
- Development Portfolio: 2,310MW of grid-connected power secured across North America, >2,000 acre property portfolio and multi-gigawatt development pipeline.
- 100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs) : targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities.
Contacts
Media
Jon Snowball Sodali & Co +61 477 946 068 +61 423 136 761 Gillian Roberts Aircover Communications +1 818 395 2948 [email protected] |
Investors
Lincoln Tan IREN +61 407 423 395 [email protected] |
To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at
https://iren.com/investor/ir-resources/email-alerts
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