Iris Energy
Sustainable Bitcoin miner that owns and operates real assets, including data centre infrastructure, powered by renewable energy.
Launch date
Employees
Market cap
€1.3b
Enterprise valuation
€899m (Public information from Sep 2024)
Share price
$7.72 IREN
Company register number 629842799
Sydney New South Wales (HQ)
Financials
Estimates*
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 5.1m | 59.0m | 75.5m | 186m | 403m | 553m | - |
| % growth | 261 % | 1064 % | 28 % | 146 % | 117 % | 37 % | - |
| EBITDA | (<1m) | 6.2m | (17.7m) | 29.3m | 204m | 232m | 269m |
| % EBITDA margin | (13 %) | 11 % | (23 %) | 16 % | 51 % | 42 % | - |
| Profit | (39.2m) | (420m) | (172m) | (29.0m) | 123m | 110m | - |
| % profit margin | (772 %) | (711 %) | (228 %) | (16 %) | 30 % | 20 % | - |
| EV / revenue | - | 3.0x | 2.5x | 8.9x | 3.4x | 2.2x | - |
| EV / EBITDA | - | 28.2x | -10.7x | 56.4x | 6.7x | 5.3x | 5.6x |
| Date | Investors | Amount | Round |
|---|---|---|---|
$31.0m | Late VC | ||
| N/A | $231m | IPO | |
* | $71.0m | Post IPO Equity | |
* | $100m | Post IPO Equity | |
* | N/A | $413m | Post IPO Equity |
| Total Funding | €28.2m | ||
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