Iris Energy
Sustainable Bitcoin miner that owns and operates real assets, including data centre infrastructure, powered by renewable energy.
Launch date
Employees
Market cap
CAD1.9b
Enterprise valuation
CAD1.3b (Public information from Sep 2024)
Share price
$7.79 IREN
Company register number 629842799
Sydney New South Wales (HQ)
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 5.1m | 59.0m | 75.5m | 186m | 403m | 553m | - |
% growth | 261 % | 1064 % | 28 % | 146 % | 117 % | 37 % | - |
EBITDA | (<1m) | 6.2m | (17.7m) | 29.3m | 204m | 232m | 269m |
% EBITDA margin | (13 %) | 11 % | (23 %) | 16 % | 51 % | 42 % | - |
Profit | (39.2m) | (420m) | (172m) | (29.0m) | 123m | 110m | - |
% profit margin | (772 %) | (711 %) | (228 %) | (16 %) | 30 % | 20 % | - |
EV / revenue | - | 3.0x | 2.5x | 8.9x | 3.4x | 2.2x | - |
EV / EBITDA | - | 28.2x | -10.7x | 56.4x | 6.7x | 5.3x | 5.6x |
Date | Investors | Amount | Round |
---|---|---|---|
$31.0m | Late VC | ||
N/A | $231m | IPO | |
* | $71.0m | Post IPO Equity | |
* | $100m | Post IPO Equity | |
* | N/A | $413m | Post IPO Equity |
Total Funding | CAD42.3m |
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