IREN Reports Q3 Earnings: Bitcoin Mining Revenue Jumps 24%, Company Targeting 50 EH/s By End Of June, Shares Move Higher
Posted On May 14, 2025
IREN Ltd (NASDAQ:IREN) reported financial results for the third quarter of fiscal 2025 on Wednesday after the bell. Here’s a look at the key details from the report.
Q3 Earnings: IREN reported first-quarter revenue of $148.1 million, missing analyst estimates of $159.37 million, according to Benzinga Pro. The company said $141.2 million in revenue came from its Bitcoin (CRYPTO: BTC) mining operations, up 24% year-over-year.
IREN said it mined 1,514 Bitcoin during the quarter, up …
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