Iris Energy’s Dual Engine Revolution: Can This Bitcoin Miner Outshine Rivals in 2025 and Beyond?
Iris Energy reported FY-2025 revenue of US$501.0 million, up 168% from the prior year, as bitcoin mining and AI cloud revenues climbed. The company mined 5,499 BTC, with average bitcoin prices more than doubling to US$88,100. Net income reached US$86.9 million, reversing last year’s loss. Electricity costs averaged 3.8c/kWh, supporting gross margins near 75%.