Products & Services · Electricity
Bitcoin mining — Electricity
Iris Energy Bitcoin mining — Electricity decreased by 48.0% to $30.65M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 22.1%, from $39.31M to $30.65M. Over 2 years (FY 2023 to FY 2025), Bitcoin mining — Electricity shows an upward trend with a 103.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
An increase often correlates with higher mining activity but may also signal rising energy prices or declining energy efficiency.
Detailed definition
This represents the specific expenditure on electricity required to power the data centers and specialized mining hardwa...
Peer comparison
Comparable to 'Power Costs' or 'Energy Expenses' reported by other industrial-scale cryptocurrency miners.
Metric ID:
iren_segment_bitcoin_mining_electricityHistorical Data
15 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.94M | $8.94M | $8.94M | $8.94M | $20.39M | $20.39M | $20.39M | $20.39M | $29.78M | $30.11M | $39.31M | $48.60M | $75.83M | $58.92M | $30.65M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +128.1% | +0.0% | +0.0% | +0.0% | +46.1% | +1.1% | +30.6% | +23.6% | +56.0% | -22.3% | -48.0% |
| YoY Change | — | — | — | — | +128.1% | +128.1% | +128.1% | +128.1% | +46.1% | +47.7% | +92.8% | +138.3% | +154.6% | +95.7% | -22.1% |
Range$8.94M – $75.83M
CAGR+42.2%
Avg YoY Growth+96.9%
Median YoY Growth+128.1%
Current Streak2 quarters decline
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Frequently Asked Questions
- 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?
- The total cost of electricity used to power mining operations.