Bitcoin Miner IREN Records Historic Revenue Surge, Driven by AI Expansion

Australian Bitcoin miner IREN has achieved record financial success, reporting $501 million in revenue for its fiscal year ending June 30, 2025. This impressive increase represents a remarkable 168% jump compared to the previous year, fueled by a surge in mining operations and a strategic expansion into AI computing. IREN’s financial performance has been particularly notable, with revenue increasing 226% year-on-year for Q2, reaching $187.3 million. This success is attributed to several factors: improved operational efficiency, increased mining output, and advancements in AI services, including partnerships with major tech firms.