Summary by Moomoo AI
On May 6, 2024, Iris Energy Limited, also known as IREN and listed on NASDAQ, provided a monthly investor update detailing its operational results for April 2024 and offering a business update. The company, which operates in the Bitcoin mining and AI cloud services sectors, reported mining 358 Bitcoins in April and achieving an average operating hashrate of 8.2 EH/s, with an increase to 9.4 EH/s. The expansion of operations is reportedly ahead of schedule, with a target of reaching 20 EH/s by the second half of 2024. IREN also announced the deployment of 816 NVIDIA H100 GPUs, doubling its AI cloud services agreement with Poolside. The company's data center capacity is set to grow from 245MW to 510MW in 2024, with the Childress Phase 3 expansion in Texas increasing by 50MW. Additionally, IREN is preparing to release its third-quarter financial results for FY24 on May 15, 2024, and has several upcoming events, including presentations at various technology and investor conferences. The update also included forward-looking statements regarding the company's strategy, operational and financial projections, and expansion plans.