IREN Limited reported record earnings and profitability for the full fiscal year ended June 30, 2025. Highlights include Q4 revenue of $187.3m, net income of $176.9m, and EBITDA of $241.4m. The company is on track to achieve $200-250m annualized revenue from AI Cloud with 10.9k GPUs by Dec 20251. They also secured NVIDIA Preferred Partner status and GPU financing. The expansion includes new liquid-cooled GB300 NVL72 deployments and capacity for over 60,000 Blackwell GPUs and 19,000 GB300s at existing data centers. Management is optimistic about future growth and commercial opportunities in the AI infrastructure stack.

In FY25, IREN achieved record results with total revenue of $501.0 million, a significant increase of 168% compared to FY24. Net income increased to $86.9m, while Adj. EBITDA increased to $269.7m. The company also increased contracted grid-connected power to 2,910MW and operating data center capacity to 810MW, supporting their Bitcoin mining and AI Cloud services.

Project updates include ongoing construction of a new liquid-cooled data center in British Columbia for GB300 NVL72 systems and progress on the Horizon 1 and 2 liquid-cooled AI data centers. Additionally, construction is progressing on the Sweetwater Hub, with completion expected by late 2027.

IREN will host a webcast and conference call to discuss their FY25 results on August 28, 2025, at 5:00 p.m. Eastern Time. Interested participants can register for the event and access the live webcast for further details.

IREN is a leading developer, owner, and operator of next-generation data centers powered by renewable energy. They strategically locate their facilities in renewable-rich, fiber-connected regions in the U.S. and Canada, focusing on Bitcoin mining, AI Cloud services, and AI data centers.

For further details on IREN’s financial performance and operational updates, refer to their consolidated financial statements for the year ended June 30, 2025, included in their Form 10-K filed with the SEC on August 28, 2025. Non-GAAP financial measures such as EBITDA and Adjusted EBITDA are used to provide additional insights into the company’s operations and financial performance. Adjusted EBITDA for FY25 was $269.7m, with a margin of 54%.

Read more at GlobeNewswire: IREN Reports Full Year FY25 Results