Products & Services · Employee benefits
Bitcoin mining — Employee benefits
Iris Energy Bitcoin mining — Employee benefits increased by 4.4% to $3.55M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 106.4%, from $1.72M to $3.55M. Over 2 years (FY 2023 to FY 2025), Bitcoin mining — Employee benefits shows an upward trend with a 60.3% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
Rolls up toLabor
How to read this metric
An increase may reflect headcount expansion to support new data centers, while a decrease could indicate automation or cost-cutting measures.
Detailed definition
This includes the wages, salaries, and associated benefits for personnel directly involved in the operation and maintena...
Peer comparison
Comparable to 'Direct Labor Costs' or 'Operations Personnel Expenses' in other capital-intensive technology or infrastructure companies.
Metric ID:
iren_segment_bitcoin_mining_employee_benefitsHistorical 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 | $732.00K | $732.00K | $732.00K | $732.00K | $978.00K | $978.00K | $978.00K | $978.00K | $1.37M | $1.45M | $1.72M | $2.98M | $3.01M | $3.40M | $3.55M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +33.6% | +0.0% | +0.0% | +0.0% | +40.5% | +5.3% | +18.8% | +73.4% | +1.1% | +12.7% | +4.4% |
| YoY Change | — | — | — | — | +33.6% | +33.6% | +33.6% | +33.6% | +40.5% | +48.0% | +75.8% | +204.7% | +119.4% | +134.8% | +106.4% |
Range$732.00K – $3.55M
CAGR+57.0%
Avg YoY Growth+78.5%
Median YoY Growth+48.0%
Current Streak14+ quarters growth
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Frequently Asked Questions
- What is Iris Energy's bitcoin mining — employee benefits?
- Iris Energy (IREN) reported bitcoin mining — employee benefits of $3.55M in Q1 2026.
- How has Iris Energy's bitcoin mining — employee benefits changed year-over-year?
- Iris Energy's bitcoin mining — employee benefits increased by 106.4% year-over-year, from $1.72M to $3.55M.
- What is the long-term trend for Iris Energy's bitcoin mining — employee benefits?
- Over 2 years (2023 to 2025), Iris Energy's bitcoin mining — employee benefits has grown at a 60.3% compound annual growth rate (CAGR), from $2.93M to $7.52M.
- What does bitcoin mining — employee benefits mean?
- The cost of compensation for staff working directly in mining operations.