Bitcoin Irene workers rise by 12 % on annual revenues of $ 501 million star-news.press/wp

Bitcoin Miner Iren has recorded its best profits so far, which has led to $ 187.3 million in the last quarter, which has contributed to record revenues of $ 501 million for the fiscal year, raising his shares approximately 14 % in trading after working hours.

The quarterly revenue for this month on June 30 increased by 226 % on an annual basis, which helped the company to return to profitability by $ 176.9 million in net income, Iren. He said In a report on Thursday.

This increase was motivated by growth in Bitcoin (BTC), but the company also took moves to deepen its mark in the artificial intelligence space as a new partner for Ai Giant Nvidia.

IRN shares were closed by approximately 3.1 % to $ 23.04 on Thursday and increased by 13.9 % hours after the results, Google Finance Data He appears. The arrow was steadily climbing this month, and putting new levels frequently.

AI’s expansion of IRN reflects a wider trend in the industry, as Bitcoin miners continue to move in the recent increase in the difficulty of mining that has led to energy use in energy and pressure on profit margins – forcing many of them to adopt more efficient equipment, find cheaper energy sources, or expand artificial intelligence.

IRN was the top Bitcoin mine in 2025

IREN billion dollars in the annual revenue “under the economy of current mining” and overpowering the Mara Holdings in the production of BTC Mining in July, 728 BTC mining compared to Mara 703 BTC.

IRN also achieved 50 Exhashes per second in the installed Bitcoin mining capacity, but it stopped expanding to further expand to focus on artificial intelligence.

Iren Partners with the NVIDIA industry giant

IRN increased from the number of GPU to 1900 during this quarter, as it increased by 132 % on an annual basis because it became a “preferred partner for NVIDIA”, allowing more direct access to NVIDIA devices.

IRN checks revenues from its business by renting the GPU power for machine learning tasks, training large language models and companies that need a high -performance AI account.

IRN plans to spend another $ 200 million to boost GPU to 10,900 in the coming months to reach its goal of $ 200 million to $ 250 million of annual artificial intelligence revenues by December.

This will be an increase of eight to ten times in the revenues of artificial intelligence compared to what he made between April and June, which brought about $ 25 million per month.

In the long run, IRN is looking to install 60,000 NVIDIA Blackwele graphics units at its site in British Columbia in Canada.

Iren was once “exaggerated”

Irene’s strong performance comes recently after about a year after the short short shortch company said that IRN was “exaggerated” and the company criticized because of talking about it “a big game” about high -performance computing without investing enough to compete seriously in artificial intelligence.

Related to: The Jack Dorsi’s Bloc aims for a 10 -year life for bitcoin mining excavations

Colbert compared Irene’s efforts to compete for the Monaco Grand Prix, but reaching the track in Toyota Prius.

Since then, IRN shares have decreased from $ 12.31 to $ 5.59 in April, but 312.2 % have gathered in the past four months.

Meanwhile, IRN recently receipt A secret settlement with the creditor NYDIG, as a three -year legal battle concluded nearly $ 105 million in underdeveloped equipment loans linked to about 35,000 Antminer S19s.

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