IREN Prepares to Release Q4 FY25 Results; Here's What to Expect

IREN Limited (IREN) is set to announce its fourth-quarter fiscal 2025 results this Wednesday, August 28th.

Consensus estimates point to earnings of $0.17 per share and revenue of $193.8 million. The company has benefited from growth in Bitcoin mining – in the third quarter, cryptocurrency revenue rose 24% year-over-year, reaching $141.2 million, with the mining of 1,514 bitcoins. Furthermore, cloud services for AI also advanced, with a 33% increase in the period.

Key Factors to Watch in Q4 FY25:

• Bitcoin Mining Revenue: Monthly figures already indicate traction – with $50.1 million in April, $64.7 million in May, and $65.5 million in June.

• Value per Mined Bitcoin: Significant appreciation: from $86,522 in April to $105,730 in June.

• Lower Electricity Costs: In June, the net electricity cost per mined bitcoin fell to $26,259, compared to $27,033 in May.

• Margin Expansion: Hardware profit rose consistently: from $36 million in April to $49.2 million in June.

• AI Cloud: Revenue remained stable at around $2.2 million in May and June, with expectations for growth given the increase in data center capacity.

IREN is one of the world's largest Bitcoin miners by capacity (hashrate), with 326% growth year-over-year as of Q3 FY25. The company is also advancing in AI computing, providing white-label services for major US cloud providers.

Stock Performance:
Year-to-date, IREN shares have appreciated 134.1%, significantly outperforming the finance sector (+11.8%) and competitors like MicroStrategy (MSTR, +21.3%) and CleanSpark (CLSK, +5.1%).

Caption: IREN = IREN Limited; BTC-USD = Bitcoin.