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IREN Shares April 2025 Monthly Update; Mining Capacity Increased To 40 EH/s Mid-Month, On Track For 50 EH/s By June 30

Benzinga·05/06/2025 12:29:47
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IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for April 2025.

April Highlights

  • Mining capacity increased to 40 EH/s mid-month
  • On track for 50 EH/s by June 30
  • Miners scheduled to ship from Southeast Asia (during 90-day pause on reciprocal tariffs)
  • AI Cloud Services revenue continuing to grow
  • Horizon 1 AI Data Center on track for H2 2025 delivery
  • Customer and financing workstreams progressing