{"id":833957,"date":"2025-04-04T07:12:52","date_gmt":"2025-04-04T11:12:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/"},"modified":"2025-04-04T07:12:52","modified_gmt":"2025-04-04T11:12:52","slug":"iren-march-2025-monthly-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/","title":{"rendered":"IREN March 2025 Monthly Update"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SYDNEY, April  04, 2025  (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (together with its subsidiaries, \u201cIREN\u201d or \u201cthe Company\u201d), today published its monthly update for March 2025.<\/p>\n<p>\n        <strong><br \/>\n          <u>March\u00a0Highlights<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"circle\">\n<li>Operating data center capacity increased to 660MW<\/li>\n<li>Bitcoin mining capacity now 37 EH\/s, up from 31 EH\/s<\/li>\n<li>On track for 50 EH\/s in H1 2025<\/li>\n<li>Pausing mining expansion at 52 EH\/s for AI \/ HPC<\/li>\n<li>New 600MW grid connection agreement signed<\/li>\n<li>2.75GW now secured for data centers in West Texas<\/li>\n<li>Progressing debt financing workstreams<\/li>\n<\/ul>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong>Key Metrics<\/strong>\n          <\/td>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>Mar 25<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>Feb 25<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>Jan 25<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle\">\n            <strong>Bitcoin Mining<\/strong>\n          <\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">Average operating hashrate<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">30.3 EH\/s<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">28.7 EH\/s<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">29.0 EH\/s<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Bitcoin mined<sup>3<\/sup><\/td>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">533 BTC<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">459 BTC<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">521 BTC<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Revenue (per Bitcoin)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>$<\/em><br \/>\n            <em>85,012<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>$<\/em><br \/>\n            <em>95,570<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>$<\/em><br \/>\n            <em>99,789<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Electricity cost (per Bitcoin)<sup>1<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>($<\/em><br \/>\n            <em>20,460<\/em><br \/>\n            <em>)<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>($<\/em><br \/>\n            <em>28,341<\/em><br \/>\n            <em>)<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <em>($<\/em><br \/>\n            <em>24,683<\/em><br \/>\n            <em>)<\/em>\n          <\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Revenue<\/td>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">$45.3m<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">$43.9m<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">$52.0m<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle\">Electricity costs<sup>1<\/sup><\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($10.9m)<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($13.0m)<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($12.9m)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">\n            <strong>Hardware profit<\/strong><br \/>\n            <sup><br \/>\n              <strong>2<\/strong><br \/>\n            <\/sup>\n          <\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$34.4m<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$30.9m<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$39.2m<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Hardware profit margin<sup>4<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">76%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">70%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">75%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle\">\n            <strong>AI Cloud Services<\/strong>\n          <\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">$1.6m<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">$1.2m<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">$0.8m<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle\">Electricity costs<sup>1<\/sup><\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($0.05m)<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($0.04m)<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">($0.04m)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">\n            <strong>Hardware profit<\/strong><br \/>\n            <sup><br \/>\n              <strong>2<\/strong><br \/>\n            <\/sup>\n          <\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$1.5m<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$1.1m<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: middle\">\n            <strong>$0.8m<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Hardware profit margin<sup>4<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">97%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">96%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle;vertical-align: middle\">96%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong><br \/>\n          <u>Management Commentary <\/u><br \/>\n        <\/strong><br \/>\n        \n      <\/p>\n<p>\n        <em>\u201cAs we approach our 50 EH\/s milestone, we\u2019re pausing further Bitcoin mining expansion and narrowing our focus on scaling our AI Cloud Services and AI Data Center businesses,\u201d said Daniel Roberts, IREN Co-Founder and Co-CEO. <\/em>\n      <\/p>\n<p>\n        <em>\u201cThis month, we secured an additional 600MW of grid-connected capacity, reflecting years of groundwork and bringing our total secured power capacity in West Texas to 2.75GW. This strengthens our position as a leading data center developer and sets us apart from speculative pipelines. We\u2019re also closely monitoring recent tariff changes and their potential impact on our supply chains.\u201d <\/em>\n      <\/p>\n<p>\n        <em>\u201cOur capital strategy for AI opportunities prioritizes customer prepayments and a range of debt financing solutions, with the at-the-market facility serving as a strategic<\/em><br \/>\n        <em>backstop to enhance execution certainty and support ongoing commercial engagement across our AI platform.\u201d<\/em>\n      <\/p>\n<p>\n        <strong><br \/>\n          <u>Technical Commentary<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <strong>Bitcoin Mining<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Maintaining strong and resilient margins<\/strong> &#8211; lower Bitcoin prices in March offset by lower electricity costs, underpinned by our energy market intelligence and algorithms (2.5 c\/kWh Childress power price driving ~$20k electricity cost per Bitcoin)<sup>1<\/sup><\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>37 EH\/s installed after month-end, on track for 50 EH\/s in H1 2025 <\/strong>&#8211; expected to generate annualized illustrative net cashflows of $528m at 50 EH\/s<sup>5<\/sup><\/li>\n<\/ul>\n<p>\n        <strong>AI Cloud Services<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>Revenue grew 33% month-on-month<\/strong>, driven by new customer onboarding, with annualized run-rate revenue now $26 million<sup>6<\/sup><\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>GPU financing workstreams progressing<\/strong> to support potential cloud expansion at IREN\u2019s Prince George data center, in response to growing customer demand for air-cooled Blackwell B200 clusters<\/li>\n<\/ul>\n<p>\n        <strong>AI Data Centers<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>Customer engagement continues <\/strong>for Horizon 1 (50MW IT Load), IREN\u2019s liquid-cooled AI data center at Childress<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>Procurement is underway<\/strong> for long-lead equipment to enable rapid expansion of liquid-cooled capacity beyond the initial 50MW deployment<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>A range of financing options under evaluation,<\/strong> including customer prepayments, corporate and project-level debt, convertible notes, and asset-backed financing and leasing<\/li>\n<\/ul>\n<p>\n        <strong><br \/>\n          <u>Events<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;text-align:left\">\n          <strong>NVIDIA GTC<br \/><\/strong>IREN presentation replay available <a href=\"https:\/\/www.nvidia.com\/en-us\/on-demand\/session\/gtc25-EXS74411\/\" rel=\"nofollow\" target=\"_blank\"><em>here<\/em><\/a><\/li>\n<\/ul>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>Canaccord Digital Assets Symposium<\/strong><br \/>\n          <br \/>Apr 16, 2025<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>Jefferies Power x Coin Conference<\/strong><br \/>\n          <br \/>Apr 16, 2025<\/li>\n<\/ul>\n<p>\n        \n      <\/p>\n<p>\n        <em>Kent Draper, CCO, Presenting at NVIDIA GTC, San Jose (Mar 2025)<\/em><br \/>\n        \n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Project Update<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Childress (750MW)<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Phase 4 (150MW) energized, with site <strong>operating data centers increased to 500MW <\/strong><\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Phase 5 (150MW) new data centers on track for energization in coming months<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Horizon 1 (50MW IT load) general site works underway for H2 2025 commissioning<\/li>\n<\/ul>\n<p align=\"left\">\n        <strong>Sweetwater 1 (1.4GW)<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">\n          <strong>General site-works <\/strong>underway<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Prioritizing <strong>whole-of-site, single tenant<\/strong> opportunities which continue to progress<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Energization April 2026<\/li>\n<\/ul>\n<p align=\"left\">\n        <strong>Sweetwater 2 (600MW)<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">600MW<strong> grid-connection agreement signed<\/strong><\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Design work underway on a <strong>direct fiber loop <\/strong>connecting Sweetwater 1 &amp; 2 to create 2GW Sweetwater data center hub<\/li>\n<li style=\"margin-top:6pt;margin-bottom:6pt;text-align:left\">Energization late 2027<\/li>\n<\/ul>\n<p>\n        \n      <\/p>\n<p align=\"justify\">\n        <em>Childress Phase 4 &amp; 5 Construction (Mar 2025)<\/em>\n      <\/p>\n<p align=\"left\">\n        \n      <\/p>\n<p align=\"justify\">\n        <em>Utility Switchyard at Sweetwater 2 (Mar 2025)<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Childress Project Status<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Site Overview<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <strong><br \/>\n          <u>Assumptions and Notes<\/u><br \/>\n        <\/strong><br \/>\n        \n      <\/p>\n<ol style=\"list-style-type:decimal\">\n<li>Electricity costs are presented on a net basis and calculated as IFRS electricity charges, ERS revenue (included in other income) and ERS fees (included in other operating expenses). Figures are based on current internal estimates and exclude REC purchases.<\/li>\n<li>Hardware profit is calculated as revenue less electricity costs. Hardware profit is a non-IFRS financial measure and is provided in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. Refer to the Forward-Looking Statements disclaimer.<\/li>\n<li>Bitcoin and Bitcoin mined in this investor update are presented in accordance with our revenue recognition policy which is determined on a Bitcoin received basis (post deduction of mining pool fees).<\/li>\n<li>Hardware profit margin for Bitcoin Mining and AI Cloud Services is calculated as revenue less electricity costs, divided by revenue (for each respective revenue stream) and excludes all other costs.<\/li>\n<li>Illustrative Net Cashflow = illustrative mining revenue less assumed net electricity costs, overheads and REC costs, and does not include working capital movements. Source: CoinWarz Bitcoin Mining Calculator. Illustrative calculations and inputs assume hardware operates at 100% uptime, 815 EH\/s global hashrate, $0.035\/kWh electricity costs, 3.125 BTC block reward, 0.1 BTC transaction fees and 0.13% pool fees, 765MW (power consumption), $104m (overheads), $16m (REC costs), and $85k Bitcoin price. Illustrative Net Cashflow is for illustrative purposes only and should not be considered projections of IREN\u2019s operating performance. Inputs are based on assumptions, including historical information, which are likely to be different in the future and users should input their own assumptions. There is no assurance that any illustrative outputs will be achieved within the timeframes presented or at all, or that mining hardware will operate at 100% uptime. The above should be read strictly in conjunction with the forward-looking statements disclaimer in this press release.<\/li>\n<li>AI Cloud Services annualized run-rate revenue for utilized GPUs as of March 31, 2025.<\/li>\n<\/ol>\n<p>\n        <strong><br \/>\n          <u>Contacts<\/u><br \/>\n        <\/strong>\n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:40%;width:40%;min-width:40%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: top\">\n            <strong>Media<\/strong><\/p>\n<p>Gillian Roberts<br \/>Aircover Communications<br \/>+1 818 395 2948<br \/>gillian.roberts@aircoverpr.com<\/p>\n<p>Jon Snowball<br \/>Sodali &amp; Co<br \/>+61 477 946 068<br \/>+61 423 136 761<\/p>\n<\/td>\n<td style=\"max-width:60%;width:60%;min-width:60%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: top\">\n            <strong>Investors<\/strong><\/p>\n<p>Mike Power<br \/>IREN<br \/>mike.power@iren.com<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\">To keep updated on IREN\u2019s news releases and SEC filings, please subscribe to email alerts at <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Mb6h0YSed0rwWO2j0UMOwX6Qnw-QAC2-1e9X9lsKeLBSSCSSc3G64ePIurPtVv4qvQ41kv8fGgOnTtsA7M1BLkDIVSaVIcnFpgtjlPUjuhCvpYTBIgM5GRcIxOaHvnGlrBBnFaZUuFDqvxqpGububs0z5-UmkOLkvOil6GJ3pPoq94IpN3tQSEATldLTefv\" rel=\"nofollow\" target=\"_blank\"><em>https:\/\/iren.com\/investor\/ir-resources\/email-alerts<\/em><\/a><em><u>.<\/u><\/em><\/p>\n<p>\n        <strong><br \/>\n          <u>Forward-Looking Statements<\/u><br \/>\n        <\/strong><br \/>\n        \n      <\/p>\n<p align=\"justify\">This press release includes \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN\u2019s future financial or operating performance. For example, forward-looking statements include but are not limited to the Company\u2019s business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cproject,\u201d \u201cstrive,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201ctarget\u201d, \u201cwill,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cscheduled\u201d or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.<\/p>\n<p align=\"justify\">These forward-looking statements are based on management\u2019s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN\u2019s actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including, but not limited to: Bitcoin price and foreign currency exchange rate fluctuations; IREN\u2019s ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet its capital needs and facilitate its expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require IREN to comply with onerous covenants or restrictions, and its ability to service its debt obligations, any of which could restrict its business operations and adversely impact its financial condition, cash flows and results of operations; IREN\u2019s ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites, including to design and deploy direct-to-chip liquid cooling systems, and to diversify and expand into the market for high performance computing (\u201cHPC\u201d) solutions it may offer (including the market for cloud services (\u201cAI Cloud Services\u201d) and potential colocation services); IREN\u2019s limited experience with respect to new markets it has entered or may seek to enter, including the market for HPC solutions (including AI Cloud Services and potential colocation services); expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any current and future HPC solutions (including AI Cloud Services and potential colocation services) that IREN offers; IREN\u2019s ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to its strategy to expand into markets for HPC solutions (including AI Cloud Services and potential colocation services); IREN\u2019s ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of its HPC solutions (including AI Cloud Services and potential colocation services) and other counterparties; the risk that any current or future customers, including customers of its HPC solutions (including AI Cloud Services and potential colocation services), or other counterparties may terminate, default on or underperform their contractual obligations; Bitcoin global hashrate fluctuations; IREN\u2019s ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; IREN\u2019s reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and its ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; IREN\u2019s participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and\/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to IREN; any variance between the actual operating performance of IREN\u2019s miner hardware achieved compared to the nameplate performance including hashrate; IREN\u2019s ability to curtail its electricity consumption and\/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which IREN operates; the availability, suitability, reliability and cost of internet connections at IREN\u2019s facilities; IREN\u2019s ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC solutions (including AI Cloud Services and potential colocation services) it offers, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining as well as hardware for other applications, including any current or future HPC solutions (including AI Cloud Services and potential colocation services) IREN offers); delays, increases in costs or reductions in the supply of equipment used in IREN\u2019s operations; IREN\u2019s ability to operate in an evolving regulatory environment; IREN\u2019s ability to successfully operate and maintain its property and infrastructure; reliability and performance of IREN\u2019s infrastructure compared to expectations; malicious attacks on IREN\u2019s property, infrastructure or IT systems; IREN\u2019s ability to maintain in good standing the operating and other permits and licenses required for its operations and business; IREN\u2019s ability to obtain, maintain, protect and enforce its intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends IREN expects to drive growth in its business materialize to the degree it expects them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at IREN\u2019s sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to IREN\u2019s property and infrastructure and the risk that any insurance IREN maintains may not fully cover all potential exposures; ongoing proceedings relating to the default by two of the Company\u2019s wholly-owned special purpose vehicles under limited recourse equipment financing facilities; ongoing securities litigation relating in part to the default, and any future litigation, claims and\/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom; IREN&#8217;s failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of IREN&#8217;s compliance and risk management methods; any laws, regulations and ethical standards that may relate to IREN\u2019s business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services it offers, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; IREN\u2019s ability to attract, motivate and retain senior management and qualified employees; increased risks to IREN\u2019s global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect IREN\u2019s business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease and any governmental or industry measures taken in response; IREN\u2019s ability to remain competitive in dynamic and rapidly evolving industries; damage to IREN\u2019s brand and reputation; expectations relating to Environmental, Social or Governance issues or reporting; the costs of being a public company; the increased regulatory and compliance costs of IREN ceasing to be a foreign private issuer and an emerging growth company, as a result of which we will be required, among other things, to file periodic reports and registration statements on U.S. domestic issuer forms with the SEC commencing with our next fiscal year, and we will also be required to prepare our financial statements in accordance with U.S. GAAP rather than IFRS, and to modify certain of our policies to comply with corporate governance practices required of a U.S. domestic issuer; that we do not currently pay any cash dividends on our ordinary shares, and may not in the foreseeable future and, accordingly, your ability to achieve a return on your investment in our ordinary shares will depend on appreciation, if any, in the price of our ordinary shares; and other important factors discussed under the caption \u201cRisk Factors\u201d in IREN\u2019s annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov and the Investor Relations section of IREN\u2019s website at https:\/\/investors.iren.com.<\/p>\n<p align=\"justify\">These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this investor update. Any forward-looking statement that IREN makes in this investor update speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<p>\n        <strong><br \/>\n          <em>Preliminary Financial Information<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">The financial information presented in this investor update is not subject to the same closing procedures as our unaudited quarterly financial results and our audited annual financial results, and has not been reviewed or audited by our independent registered public accounting firm. The preliminary financial information included in this investor update does not represent a comprehensive statement of our financial results or financial position and should not be viewed as a substitute for unaudited financial statements prepared in accordance with International Financial Reporting Standards. Accordingly, you should not place undue reliance on the preliminary financial information included in this investor update.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Non-IFRS Financial Measures<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>\u200b<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This investor update includes non-IFRS financial measures, including electricity costs (presented on a net basis), hardware profit and illustrative net cashflow. We provide these measures in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. There are a number of limitations related to the use of non-IFRS financial measures. For example, other companies, including companies in our industry, may calculate these measures differently. The Company believes that these measures are important and supplement discussions and analysis of its results of operations and enhances an understanding of its operating performance.\u200b<\/p>\n<p align=\"justify\">Electricity costs are calculated as our IFRS Electricity charges, ERS revenue (included in Other income) and ERS fees (included in Other operating expenses), and excludes the cost of RECs. Hardware Profit is calculated as revenue less electricity costs (excludes all other site, overhead and REC costs). Illustrative Net Cashflow is calculated as illustrative mining revenue less assumed net electricity costs, overheads and REC costs, and does not include working capital movements.<\/p>\n<p align=\"justify\">Photos accompanying this announcement are available at:<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Mb6h0YSed0rwWO2j0UMO3roZyc3nivdLAji0hI-k5J1l0Jlg5t0bPb7mWg0mQzW53diB5jhD3PhOYO0QRj4r13OnBcWMqPR7bgl2xEZggZzSeiX5Ne9TsZj8xTkppQw3F6aIhVi9-NHJ0muHGexSM7Znq8nCcUD046q973n6piUB0JrLWMt8VHXkas-1KFrgjQsoHW0UjgbZODLIoYVDhBbEqc3Ei646OMYrs8IrwYwsKSE8eOsHi6CL1WBx549KF9PhB_FLuHPYPpzB4NwOQ==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/5fdb3bf4-4d75-4f80-aa0e-d44150324154<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=llzsOgBMicjxs8rQSAqc1w_RHHvZlpOTXOc8k_rjpKgBbDCxIaWozH6wuSI18dYSiUX3Lad8DivTFUrzVDbycYlxQTYxLETCAGREoA1s-v-BNOaXwXrKKXkTPM12X2k7Tdw1uvZBvG7xV8MnGwJXFHGEEe9gNHyGH2O3MUJRGmM=\" rel=\"nofollow\" 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href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Mb6h0YSed0rwWO2j0UMO3roZyc3nivdLAji0hI-k5J1l0Jlg5t0bPb7mWg0mQzW44mjee3pAZQ6etXa-9DL_zHw9yG7G-hhegskyBln1tpRiCvHTJoCtOQ2lmC_QSqrEaQ8imqZaY4iCpJ8J1KRnKaJ2yVCPDLGLKePW3iI0SBQBT2JBByvBigRtzrzkX6OgamZs40fWR9Kf6d5I85EaPlHVs3yRm365W2b949J-atdOdCFeh7mdHwaTuf7cVqK6-qef4qHw4_YXvFjBs2JeA==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/9b08346f-c140-44dd-aa41-75b18f1ed215<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NCM2ODUxMjc0IzIyMjMyNzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjkwNzg4YWYtZTZhNy00NmIyLTkzZmUtMmM3MWRhYTZmMzhmLTEyMzQ4MjctMjAyNS0wNC0wNC1lbg==\/tiny\/IREN-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (together with its subsidiaries, \u201cIREN\u201d or \u201cthe Company\u201d), today published its monthly update for March 2025. March\u00a0Highlights Operating data center capacity increased to 660MW Bitcoin mining capacity now 37 EH\/s, up from 31 EH\/s On track for 50 EH\/s in H1 2025 Pausing mining expansion at 52 EH\/s for AI \/ HPC New 600MW grid connection agreement signed 2.75GW now secured for data centers in West Texas Progressing debt financing workstreams Key Metrics Mar 25 Feb 25 Jan 25 \u00a0 \u00a0 \u00a0 \u00a0 Bitcoin Mining \u00a0 \u00a0 \u00a0 Average operating hashrate 30.3 EH\/s 28.7 EH\/s 29.0 EH\/s Bitcoin mined3 533 BTC 459 BTC 521 BTC Revenue (per Bitcoin) $ &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IREN March 2025 Monthly Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-833957","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IREN March 2025 Monthly Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IREN March 2025 Monthly Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (together with its subsidiaries, \u201cIREN\u201d or \u201cthe Company\u201d), today published its monthly update for March 2025. March\u00a0Highlights Operating data center capacity increased to 660MW Bitcoin mining capacity now 37 EH\/s, up from 31 EH\/s On track for 50 EH\/s in H1 2025 Pausing mining expansion at 52 EH\/s for AI \/ HPC New 600MW grid connection agreement signed 2.75GW now secured for data centers in West Texas Progressing debt financing workstreams Key Metrics Mar 25 Feb 25 Jan 25 \u00a0 \u00a0 \u00a0 \u00a0 Bitcoin Mining \u00a0 \u00a0 \u00a0 Average operating hashrate 30.3 EH\/s 28.7 EH\/s 29.0 EH\/s Bitcoin mined3 533 BTC 459 BTC 521 BTC Revenue (per Bitcoin) $ &hellip; Continue reading &quot;IREN March 2025 Monthly Update&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-04T11:12:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NCM2ODUxMjc0IzIyMjMyNzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IREN March 2025 Monthly Update\",\"datePublished\":\"2025-04-04T11:12:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/\"},\"wordCount\":2944,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxNzA0NCM2ODUxMjc0IzIyMjMyNzQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-march-2025-monthly-update\\\/\",\"name\":\"IREN March 2025 Monthly Update - 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March\u00a0Highlights Operating data center capacity increased to 660MW Bitcoin mining capacity now 37 EH\/s, up from 31 EH\/s On track for 50 EH\/s in H1 2025 Pausing mining expansion at 52 EH\/s for AI \/ HPC New 600MW grid connection agreement signed 2.75GW now secured for data centers in West Texas Progressing debt financing workstreams Key Metrics Mar 25 Feb 25 Jan 25 \u00a0 \u00a0 \u00a0 \u00a0 Bitcoin Mining \u00a0 \u00a0 \u00a0 Average operating hashrate 30.3 EH\/s 28.7 EH\/s 29.0 EH\/s Bitcoin mined3 533 BTC 459 BTC 521 BTC Revenue (per Bitcoin) $ &hellip; Continue reading \"IREN March 2025 Monthly Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-04T11:12:52+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NCM2ODUxMjc0IzIyMjMyNzQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"IREN March 2025 Monthly Update","datePublished":"2025-04-04T11:12:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/"},"wordCount":2944,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NCM2ODUxMjc0IzIyMjMyNzQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-march-2025-monthly-update\/","name":"IREN March 2025 Monthly Update - 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