IREN, a leading company in next-generation data center operations, demonstrated significant growth in its April 2024 investor update. They highlighted advancements in Bitcoin mining and AI cloud services, with their operational hashrate hitting 9.4 exahashes per second and aiming to reach 10 EH/s soon.*reference4

During its expansion, IREN successfully mined 358 Bitcoin and plans to increase its hashrate capacity to 20 EH/s by the latter part of 2024. This expansion is part of a fully funded strategy that also involves expanding its data center capacity to 510 megawatts in anticipation of future growth.

Furthermore, IREN has made notable improvements to its AI cloud services by adding 816 NVIDIA H100 GPUs at its Prince George center and doubling its agreement with Poolside Data Centers. This move is expected to generate $14 to $17 million in annualized hardware profits, with a payback period of 24 months.

IREN's dedication to sustainability is evident as they power their operations with 100% renewable energy. This commitment not only showcases their environmentally friendly practices but also aligns with the increasing investor interest in sustainable and responsible business operations.