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Iris Energy IREN Bitcoin mining — Electricity

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Other financials

Income statement

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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

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Cash & equivalents$2.2B+1,101%
Total debt$399.2M—
Total equity$2.7B+98.2%
Total assets$7.3B—

Cash flow

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Operating cash flow$75.3M-19.1%
CapEx$949.2M+2,548%
Free cash flow-$873.8M-1,602%

Valuation

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Market cap$13.93B+241%
Enterprise value$12.12B+244%
P/E88.1×+41.2×
P/S18.4×+10.2×

Profitability

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Gross margin68.4%+3.9pp
Operating margin-54%-56.2pp
Net margin20.9%+13.4pp
FCF margin-193%-522pp

Returns & leverage

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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 iren:Electricity.

The official record: Iris Energy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iris Energy's bitcoin mining — electricity?
Iris Energy (IREN) reported bitcoin mining — electricity of $30.65M in Q1 2026.
How has Iris Energy's bitcoin mining — electricity changed year-over-year?
Iris Energy's bitcoin mining — electricity decreased by 22.1% year-over-year, from $39.31M to $30.65M.
What is the long-term trend for Iris Energy's bitcoin mining — electricity?
Over 2 years (2023 to 2025), Iris Energy's bitcoin mining — electricity has grown at a 103.3% compound annual growth rate (CAGR), from $35.75M to $147.81M.
What does bitcoin mining — electricity mean?
This represents the specific expenditure on electricity required to power the data centers and specialized mining hardware. As the primary variable cost in Bitcoin mining, it is a critical driver of the segment's unit economics. It reflects the company's energy efficiency and its ability to secure competitive power pricing.