IRIS ENERGY LIMITED

(IREN)
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Delayed Nasdaq  -  05/20 04:00:01 pm EDT
6.250 USD   -7.27%
05/16Iris Energy Names Belinda Nucifora as CFO
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05/16Iris Energy Announces CFO Appointment
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05/16Iris Energy Limited Appoints Belinda Nucifora as CFO
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Iris Energy Shares Drop 10% After Connection Deal With AEP Texas

01/21/2022 | 11:12am EDT

By Chris Wack


Iris Energy Ltd. shares were down 10% to $10.30 after the company said its wholly owned subsidiary has executed a binding connection agreement with AEP Texas Inc. for a new 600-megawatt specialized data center site in the Panhandle region of Texas.

The Bitcoin miner said the agreement with AEP Texas is to connect into a 345kV transmission line running directly through the 300-acre freehold site.

Iris Energy said key utilities are located in close proximity to the site boundary, including high speed fiber.

The new 600MW site is expected to increase the company's power capacity from 165MW to 765MW.

Iris Energy is currently working with global partners on the design, procurement and construction of the Texas facility, with the electrical connection expected to be completed during the first quarter of 2023. Additional miners may be procured in due course to use the potential 235MW of surplus capacity at this site.

The project is expected to employ up to 50 personnel when fully operational and about 100 personnel during construction.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

01-21-22 1111ET

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AMERICAN ELECTRIC POWER COMPANY, INC. 0.67% 99.7 Delayed Quote.12.06%
BITCOIN (BTC/EUR) 2.83% 28640.1 End-of-day quote.-31.86%
BITCOIN (BTC/USD) 3.13% 30331.7 End-of-day quote.-36.46%
IRIS ENERGY LIMITED -7.27% 6.25 Delayed Quote.-61.35%
All news about IRIS ENERGY LIMITED
05/16Iris Energy Names Belinda Nucifora as CFO
MT
05/16Iris Energy Announces CFO Appointment
GL
05/16Iris Energy Limited Appoints Belinda Nucifora as CFO
CI
05/16Top Premarket Decliners
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05/16Certain Convertible Notes of Iris Energy Limited are subject to a Lock-Up Agreement End..
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05/16Certain Options of Iris Energy Limited are subject to a Lock-Up Agreement Ending on 16-..
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05/16Certain Ordinary Shares of Iris Energy Limited are subject to a Lock-Up Agreement Endin..
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05/11TRANSCRIPT : Iris Energy Limited, Q3 2022 Earnings Call, May 11, 2022
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05/11Iris Energy Limited Reports Earnings Results for the Third Quarter and Nine Months Ende..
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05/11Iris Energy Reports Third Quarter FY22 Results
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Financials (USD)
Sales 2022 59,3 M - -
Net income 2022 -421 M - -
Net Debt 2022 67,6 M - -
P/E ratio 2022 -0,72x
Yield 2022 -
Capitalization 331 M 331 M -
EV / Sales 2022 6,73x
EV / Sales 2023 2,12x
Nbr of Employees 39
Free-Float 81,4%
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Technical analysis trends IRIS ENERGY LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 6
Last Close Price 6,25 $
Average target price 19,00 $
Spread / Average Target 204%
EPS Revisions
Managers and Directors
Daniel Roberts Co-Chief Executive Officer
William Roberts Co-Chief Executive Officer
Lindsay James Ward President
Belinda Nucifora Chief Financial Officer
David Bartholomew Chairman
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