Iris Energy operates renewable energy-powered data centers for Bitcoin mining and AI workloads, headquartered in Sydney with 100 employees. The company went public on November 17, 2021, with facilities in Canada and Texas.
IREN has been in the news recently: IREN Ltd shares reached a record high of $58.28 on Monday, reflecting a notable increase of over 400% year-to-date. The stock rose by 8% in pre-market trading due to securing multi-year agreements with major AI companies utilizing NVIDIA's Blackwell GPUs.
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