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Iris Energy Forecasts $1.25 Billion Revenue from Mining by 2025

Iris Energy Forecasts $1.25 Billion Revenue from Mining by 2025

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by Giorgi Kostiuk

2 hours ago

Iris Energy Limited (IREN) has reached a significant milestone, forecasting $1.25 billion in annual revenue from bitcoin mining by FY2025.

FY2025 Financial Results

Iris Energy reported a revenue of $187.3 million in Q4 FY2025 and a net income of $176.9 million. The bitcoin mining revenue surpassed $1 billion, reinforcing investor confidence in the sector.

Revenue Forecasts and Growth

The company forecasts significant growth in revenue to $1.25 billion by 2025 based on current mining economics. Co-CEO Daniel Roberts noted that the direction of growth includes further expansion.

Future Development Directions

Iris Energy plans to implement NVIDIA GPU technologies to increase its capacity and diversify revenue. Future growth is expected from rising institutional interest and expansion into AI.

Iris Energy shows substantial growth in bitcoin mining revenue, contributing to increased investor confidence and anticipating stronger market positions.

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