IREN Ltd
IRENpublicneocloudPower-first data centers / GPU cloud
Australian-headquartered operator converting bitcoin-mining sites with contracted power in the United States and Canada into GPU cloud and AI data-center capacity, funded largely through convertible notes. Reported under IFRS through fiscal 2024 and under US GAAP since fiscal 2025; fiscal year ends June 30.
how it is counted
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. The year: the newest calendar year whose fourth quarter at least 90 % of filers have reported; a filer counts only if it reported all four quarters.
- Four quarters, 2025 Q3 – 2026 Q2 →+423.2% on the four before, $0.6B — its line in the Overview's league
how it is counted
per filer: the same four quarters, the four before them and the change; null where the filer did not report all four
- $3.0B
- Newest quarter · 2026 Q2— of revenue · +622.3% on a year before
how it is counted
Of revenue: the quarter's CAPEX as a share of the same quarter's revenue, where the company reports both. On a year before: the change on the same calendar quarter a year before, where the filer reported both.
- $1.33B
- Off the balance sheet →what it owes that its balance sheet does not carry, each fact counted once · verified 2026-09-28
- $200M
- Notes priced since 2024 →each tranche in the ledger as the company itself states it
- —
- Loans and credit facilities →new facilities as signed, from the company's own announcements
- $1.5B
- Debt due in 12 months →the company's own five-year schedule
- $177M
- Documents in the corpusthe company's own reports, announcements and earnings calls that the rules read
- 47
CAPEX by quarter
Quarters since 2022 Q4, as reported
| 2026 Q2 | $1.33B | — | — | +622.3% |
| 2026 Q1 | $949M | — | — | +559.0% |
| 2025 Q4 | $540M | — | — | +288.5% |
| 2025 Q3 | $180M | — | — | +69.8% |
| 2025 Q2 | $184M | — | — | — |
| 2025 Q1 | $144M | — | — | — |
| 2024 Q4 | $139M | — | — | — |
| 2024 Q3 | $106M | — | — | — |