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Iris Energy IREN Acquisitions

Acquisitions at other companies

TeraWulfWULF

$201.35M—

Hut 8 Mining Corp.HUT

$6.47M—

Super Micro Computer, Inc.SMCI

$0-100%

NvidiaNVDA

$87M-77.3%

SnowflakeSNOW

$252.46M—

International Business MachinesIBM

$10.47B+47.4%

Other financials

Income statement

Revenue$144.8M0.0%

Gross profit$104.9M+1.9%

Operating income-$233.5M-899%

Net income-$247.8M-1,435%

EPS (diluted)-$0.74-957%

Balance sheet

Cash & equivalents$2.2B+1,101%

Total debt$399.2M—

Total equity$2.7B+98.2%

Total assets$7.3B—

Cash flow

Operating cash flow$75.3M-19.1%

CapEx$949.2M+2,548%

Free cash flow-$873.8M-1,602%

Valuation

Market cap$21.43B+753%

Enterprise value$19.61B—

P/E135.6×—

P/S28.3×+21.3×

Profitability

Gross margin68.4%+3.9pp

Operating margin-54%-56.2pp

Net margin20.9%+13.4pp

FCF margin-193%-522pp

Returns & leverage

Return on equity7.9%—

Debt / equity0.1×—

Current ratio3.7×—

Where this comes from

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept us-gaap:FairValueOfAssetsAcquired.

The official record: Iris Energy’s 10-K, filed August 28, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iris Energy's acquisitions?: Iris Energy (IREN) reported acquisitions of $12.3M in Q2 2025.