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IREN Gives May 2025 Update Including Record Monthly Revenue And Hardware Profit And $1.6M Daily Hardware Profit , Also On Track For 50 EH/s By June 30

Benzinga·06/05/2025 12:17:44
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IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for May 2025.

May Highlights

  • Record monthly revenue and hardware profit
  • $1.6m daily hardware profit in May
  • On track for 50 EH/s by June 30
  • AI Cloud Services revenue continuing to scale
  • Horizon 1 AI Data Center on track for Q4 '25 delivery
  • Customer and financing workstreams progressing
  • Transitioning to US domestic issuer status from July 1