Iris Energy LtdNASDAQ IREN Stock Report

Iris Energy Ltd. operates as a Bitcoin mining company. The company is headquartered in Sydney, New South Wales and currently employs 102 full-time employees. The company went IPO on 2021-11-17. The firm owns and operates data center infrastructure with a focus on entry into regions where the Company can access abundant and/or under-utilized renewable energy to power its operations. In addition to utilizing renewable energy, the Company’s infrastructure provides services to the electricity networks where it operates. Its data centers can offer dynamic load management, which can ramp down electricity usage. Its operations are naturally geographically flexible. The company provides funding for local community recreational infrastructure and volunteer groups, such as the canal flats volunteer fire and first aid community group and look to partner with schools and training authorities to develop programs to train maintenance technicians, network specialists and other operations staff.