IREN Ltd

# IREN Limited

IREN Limited operates a vertically integrated data center and digital asset infrastructure business across Australia and Canada. The company owns and operates computing hardware, electrical infrastructure, and data center facilities that support cryptocurrency mining operations, primarily focused on Bitcoin production. The business model combines physical infrastructure ownership with direct participation in blockchain network operations.

The company's core revenue streams derive from Bitcoin mining activities conducted through its owned and operated data centers, leveraging proprietary electrical infrastructure to support high-density computing operations. This vertically integrated structure allows the company to control both the computational resources and the underlying power distribution systems required for mining operations. The company maintains a geographically diversified footprint with operations across Australian and Canadian markets, providing exposure to different regulatory environments and energy cost structures.

With 257 full-time employees, IREN operates at a scale consistent with data center and infrastructure operator standards. The company was incorporated in 2018 under the name Iris Energy Limited and rebranded to IREN Limited in November 2024. It maintains its headquarters in Sydney, New South Wales, and is listed on the Nasdaq exchange.