Bitcoin minor Ren (Iren) published its first full benefit in full year when the company founded in 2018 extended to the Cloud Computing and increased production capacity with more effective platforms. The stock has climbed into trading before the market.
The year -old net profit ended on June 30 increased to $ 86.9 million, against a loss of $ 28.9 million in the previous year, Iren said on his website on Thursday. Revenues have more than doubled to a record of $ 501 million while the company based in Sydney increased production capacity to 50 exehashes per second (Eh / s). Managed adjusted before interest, taxes, depreciation and depreciation (Ebitda) increased to 269.7 million dollars, almost five times last year level,
With nearly 3 gigawatts of contractual power and expansion in bitcoin extraction and IA infrastructure, Iren positioned himself as one of the fastest growth participants in the sector. The market capitalization, currently $ 5.3 million, is about to exceed its greatest rival, Mara Holdings (Mara)which is estimated at less than $ 6 billion, according to data from Farside investors.
The NASDAQ negotiated stock increased by 13% before the market opened, adding to the existing gain of the year by more than 120%.
The mining operations have generated more than a billion dollars in annualized income, while the AI cloud unit is on the right track for $ 250 million in annualized income by December, the company said. It has 10,900 NVIDIA GPUs already deployed and capacity of more than 60,000 GPUs on existing sites.
