IREN

IREN Limited operates vertically integrated data centers powered by 100% renewable energy, based in Sydney, Australia. The company provides computing hardware and electrical infrastructure for power-dense applications, including Bitcoin mining and AI/HPC workloads, boasting 810MW operational capacity and 2,100MW under development. Its market capitalization stands at $15.46 billion with 399 million shares outstanding on NASDAQ. IREN offers services such as AI Cloud, GPU clusters, colocation, and build-to-suit options, recently pivoting from primarily Bitcoin mining to focus on AI data centers with significant Nvidia chip purchases and infrastructure expansion. Key figures include Co-Founders/Co-CEOs William Roberts and Daniel Roberts, alongside Independent Chair David James Bartholomew. IREN was incorporated in 2018 by co-founders William Roberts and Daniel Roberts. Its business model centers on generates revenue through Bitcoin mining and data center services for AI, HPC, and other high-ROI compute applications, leveraging low-cost renewable energy in remote locations.