1. Innovation and Infrastructure Expansion
2. Increase in Computing Power and BTC Mining
3. Energy Consumption Optimization and Use of Renewable Sources

IREN significantly increased its Bitcoin mining revenue in the fiscal year 2024, highlighting the company's successful expansion and operational efficiency in the competitive cryptocurrency mining market.

Innovation and Infrastructure Expansion

A key factor in IREN's revenue growth has been the strategic expansion of its mining infrastructure. Over the past year, the company aggressively increased its operational capacity, contributing significantly to its revenue.

Increase in Computing Power and BTC Mining

Throughout the year, IREN increased its computing power by 66%, from 6.6 EH/s to 9.3 EH/s. This enabled the company to mine 4,191 BTC, a 29% increase compared to the previous year's 3,259 BTC.

Energy Consumption Optimization and Use of Renewable Sources

A decisive factor has been the optimization of energy consumption and the acquisition of renewable energy certificates. The management of electricity costs, which constitute a significant portion of mining expenses, underpinned the company's increased profitability.

IREN's success in 2024 is attributed to strategic decisions including infrastructure expansion, increased computing power, and energy consumption optimization, positioning the company as a leading player in the global Bitcoin mining industry.