Bitcoin mining annualized hardware profit $304m
Company: IREN
What the later record shows
Delivered on time · happened December 31, 2024
December 2024 Bitcoin mining hardware profit was $40.1m. Annualized, that is about $481m, above the illustrative $304m exit run-rate. The annualization is our own calculation, not a company statement.
“Mining revenue $52.1m $32.6m $28.2m Electricity costs3 ($12.1m) ($8.6m) ($8.3m)* Hardware profit $40.1m $24.1m $19.9m”
2025-01-06 · iren 8-K exhibit (irendec2024monthlyupdate.htm) View cached copy (2026-10-21)Live source ↗
Checked October 28, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Illustrative annualized exit run-rate hardware profit for Bitcoin mining at end of 2024 is $304m.
Source (primary)
iren 8-K exhibit (irennvidiah200purchasevf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-28)Live source ↗
Quote: “Hardware Profit $32m $304m”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms iren 8-K exhibit (irennvidiah200purchasevf.htm)
Quote: “Hardware Profit $32m $304m”
confirms iren 8-K exhibit (irendec2024monthlyupdate.htm)
Quote: “Mining revenue $52.1m $32.6m $28.2m Electricity costs3 ($12.1m) ($8.6m) ($8.3m)* Hardware profit $40.1m $24.1m $19.9m”