TechFlow news, August 29 — Bitcoin mining company IREN (NASDAQ: IREN) released its fiscal year 2025 financial results. Annual revenue reached $501 million, a 168% increase year-over-year, with net income of $86.9 million, reversing the net loss from 2024. The company expects AI cloud annualized revenue to reach $200–250 million by December 2025, deploying 10,900 NVIDIA GPUs. Meanwhile, Bitcoin mining annualized revenue exceeds $1 billion, with mining capacity scaling to 50 EH/s, a 400% growth. IREN is also constructing a new liquid-cooled data center in British Columbia, capable of supporting over 4,500 GB300 GPUs, has obtained NVIDIA Preferred Partner status, completed its second round of GPU financing, and is advancing sustainable development.
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