Bitcoin miner Iren (Iren) He published his first gain of the whole year as the company founded in 2018 expanded to the AI cloud computing and increased production capacity with more efficient platforms. The shares rose in the market prior to the market.
Net income in the year ended on June 30 increased to $ 86.9 million for a loss of $ 28.9 million the previous year, Iran said on its website on Thursday. Income doubled more than $ 501 million as the SYDney headquarters increased production capacity to 50 exahasos per second (Eh/s). Added profits before interest, taxes, depreciation and amortization (EBITDA) increased to $ 269.7 million, almost five times last year’s level,
With almost 3 gigawatts of power and expansion contracted both in Bitcoin mining and in the AI infrastructure, Iran has positioned itself as one of the fastest growing participants in the sector. Market Cap, currently $ 5.3 million, is about to overcome its largest rival, Mara Holdings (Mara)which is valued at less than $ 6 billion, according to the data of Farside investors.
The actions negotiated in Nasdaq increased by 13% before opening the market, which adds to the existing profit of the year of more than 120%.
Mining operations generated more than $ 1 billion in annualized revenues, while the unit of the AI cloud is on the way up to $ 250 million in annual revenues in December, the company said. It has 10,900 GPU NVIDIA already deployed and capacity for more than 60,000 GPU in existing sites.
