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SYDNEY - IREN Limited, a finance services firm with a market capitalization of $1.76 billion, has disclosed its operational results for February 2025 today. The company, which previously operated under the names Iris Energy Ltd (NASDAQ:IREN) and Iris Energy Pty Ltd, provided the update in accordance with the regulations of the Securities Exchange Act of 1934. According to InvestingPro data, IREN has demonstrated impressive revenue growth of 133% over the last twelve months, with analysts expecting continued growth this year.
The report, filed as a 6-K form with the United States Securities and Exchange Commission, serves as a monthly update on the company’s performance. The document, dated March 6, 2025, does not detail specific financial figures but indicates the company’s ongoing business activities and results for the month ending February 28, 2025. InvestingPro analysis shows the company maintains strong gross profit margins of 90%, though it’s currently experiencing rapid cash burn - one of 13+ valuable insights available to subscribers.
IREN Limited, with its headquarters located at Level 6, 55 Market Street, Sydney, NSW 2000, Australia, operates within the finance services sector under the standard industrial classification code 6199. The company is incorporated in the jurisdiction of C3 and marks the end of its fiscal year on June 30.
The 6-K filing ensures that IREN Limited maintains compliance with the SEC requirements for foreign private issuers by providing regular updates on its operations. The company’s co-chief executive officer and director, Daniel Roberts, signed off on the report, reinforcing its commitment to transparency and regulatory adherence.
Investors and stakeholders can refer to this monthly update for the latest insights into IREN Limited’s business performance. The company has not provided additional commentary or forward-looking statements within this report, focusing strictly on the operational aspects for the period in question.
This SEC filing confirms that IREN Limited continues to meet its disclosure obligations, offering a glimpse into its operational health without delving into qualitative assessments or future projections. As such, the report is an essential document for those following the company’s financial trajectory and corporate developments. For deeper insights, InvestingPro subscribers can access a comprehensive Pro Research Report, which includes detailed analysis of IREN’s financial health score of 2.18 (rated as ’FAIR’) and expert projections indicating potential profitability this year.
In other recent news, IREN Ltd. reported a significant increase in its second fiscal quarter of 2025 revenue, showing a 189% year-over-year surge, primarily driven by its Bitcoin mining operations. The company produced 1,347 Bitcoin in the quarter, up from 1,144 in the previous year. Additionally, IREN has made strategic advancements by restructuring its energy contracts, which has resulted in the lowest cost to mine a Bitcoin in the industry. Cantor Fitzgerald recently adjusted its rating on IREN’s stock from Overweight to Neutral, maintaining a price target of $23.00, suggesting the stock is expected to perform in line with the market. Meanwhile, H.C. Wainwright raised its price target for IREN to $22.00, maintaining a Buy rating, and highlighted the company’s shift towards high-performance computing and artificial intelligence. Canaccord Genuity also increased its price target to $23.00 and reiterated a Buy rating, citing IREN’s strategic initiatives and operational progress. The company has announced plans to repurpose part of its Childress facility to support a new AI data center, with completion expected in the second half of 2025. These developments reflect IREN’s ongoing efforts to diversify and expand its operations in the cryptocurrency and AI sectors.
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