We believe technology can, and will, change the world.
We are the responsible way to power Bitcoin, AI and beyond.
We own and operate next-generation data centers powered by 100% renewable energy.
We target regions where there are low-cost, abundant and attractive renewable energy sources, and where we can help solve energy market problems.
Early days of IREN (formerly known as Iris Energy)
Three main factors solidified the path forward:
- Dan and Will’s early conviction on Bitcoin
- Dan’s work with renewables, including building out wind and solar farms, across Europe and Australia at Macquarie Bank and Palisade Investment Partners (which he helped grow to US$6bn in AUM)
- Will’s experience with providing debt financing and principal investments into traditional mining and commodity projects at Macquarie Bank, as well as co-founding the bank's digital assets team in 2018
Next-generation data centers combine both their fields of expertise: infrastructure, renewable energy and real assets. Dan and Will saw an opportunity to capitalize on excess renewable energy and support energy networks, while building out a profitable business in an emerging sector.
Our next-generation facilities
Our next-generation facilities can operate >70kW racks compared to ~15kW in traditional data centers.
Our facilities are powered by 100% renewable energy and are well placed to service power-dense applications, such as:
- Bitcoin mining
- GPUs – including NVIDIA H100s
760MW of next-generation data centers
- 180MW operating
- 80MW under construction
- 500MW of additional power and land available
Our future
We are continuing to grow our business in a sustainable manner.
Growth opportunities:
- Service growing demand for power-dense computing applications (e.g. generative AI)
- Expand existing facilities
- Develop new facilities
- Develop & operate renewable generation
- Leverage other platform opportunities (e.g. green hydrogen)
- Pursue strategic acquisitions