IREN appoints Anthony Lewis as chief capital officer

SYDNEY - IREN Limited (NASDAQ:IREN), a $3.52 billion market cap company whose stock has surged over 48% in the past six months, has appointed Anthony Lewis as Chief Capital Officer, a newly created position responsible for overseeing the company’s capital markets activity, according to a press release issued Tuesday.

Lewis, who brings more than two decades of financial markets experience, will lead the development of IREN’s capital structure and financing strategy as the company evaluates AI infrastructure investments and associated funding requirements. According to InvestingPro data, IREN has demonstrated impressive revenue growth of 128% over the last twelve months, though analysts note the company is currently trading above its Fair Value.

Prior to joining IREN, Lewis spent 22 years at Macquarie Group, a global financial services and asset management firm with operations in 31 markets and a market capitalization exceeding $50 billion. His most recent role at Macquarie was Co-Treasurer, where he was responsible for global funding, liquidity and capital management.

"Anthony’s experience across funding, capital management, and investor engagement will be important as we align our financial strategy with growth opportunities in AI and compute infrastructure," said Daniel Roberts, Co-Founder and Co-CEO of IREN.

IREN describes itself as a vertically integrated data center business utilizing 100% renewable energy. The company operates in three verticals: Bitcoin mining, AI cloud services, and AI data centers. According to the company statement, IREN has secured 2,910MW of grid-connected power across more than 2,000 acres in the U.S. and Canada. With industry-leading gross profit margins of 91.66%, InvestingPro analysis reveals 15+ additional key insights about IREN’s financial health and growth prospects.

The company currently operates 810MW of data centers and reports having 50 EH/s of installed Bitcoin self-mining capacity. IREN also provides AI cloud services with 1,896 NVIDIA H100 & H200 GPUs and is developing AI data center infrastructure.

In other recent news, IREN Limited reported record-breaking financial results for May 2025, achieving its highest monthly revenue and hardware profit to date. The company generated $64.7 million in revenue and $47.8 million in hardware profit, with a hardware profit margin of 74%. Additionally, IREN’s AI Cloud Services division recorded revenues of $2.2 million, with a remarkable profit margin of 98%. In financial maneuvers, IREN successfully closed a $550 million convertible senior notes offering, upsized from an initial $450 million due to strong investor interest, generating approximately $534.9 million in net proceeds. The company plans to use these funds for capped call transactions, a prepaid forward share purchase, and general corporate purposes. Analyst firm H.C. Wainwright maintained a Buy rating on IREN, with a price target of $21, highlighting the company’s progress in Bitcoin mining and its strategic focus on AI data centers. IREN is on track to reach a 50 EH/s hash rate by the end of June 2025 and is advancing its Horizon 1 AI Data Center project for completion in Q4 2025. Furthermore, IREN is in advanced negotiations for the initial 50 MW capacity of its Childress data center, anticipating significant demand for AI workloads.

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