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IREN Q2 Earnings: Bitcoin Mining Revenue Surges 129% to Record $113.5M, Returns to Profit - TECHTELEGRAPH

Summary by TECHTELEGRAPH

IREN reported strong Q2 FY25 results with record revenue and operating cashflow. Key highlights include: – Bitcoin mining revenue increased 129% to $113.5 million– 1,347 Bitcoin mined (up from 813 in Q1)– Net profit of $18.9 million (vs $51.7M loss in Q1)– Operating cash inflow of $53.7 million– Cash position of $427.3 million The company announced two major growth initiatives:1. Horizon 1: A new 75MW liquid-cooled data center at Childress for A…

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IREN Q2 Earnings: Bitcoin Mining Revenue Surges 129% to Record $113.5M, Returns to Profit - TECHTELEGRAPH

IREN reported strong Q2 FY25 results with record revenue and operating cashflow. Key highlights include: – Bitcoin mining revenue increased 129% to $113.5 million– 1,347 Bitcoin mined (up from 813 in Q1)– Net profit of $18.9 million (vs $51.7M loss in Q1)– Operating cash inflow of $53.7 million– Cash position of $427.3 million The company announced two major growth initiatives:1. Horizon 1: A new 75MW liquid-cooled data center at Childress for A…

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TECHTELEGRAPH broke the news in 11 days ago on Wednesday, February 12, 2025.

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