IREN Limited Ordinary Shares (IREN)

IREN Ltd is a vertically integrated AI Cloud Services platform, delivering data centers, compute, and software for AI training and inference. The data center layer includes land, power, substations, buildings and cooling; the compute layer includes GPUs, CPUs, storage, servers and networking; and the software layer includes managed services and enterprise support that enables customers to deploy, operate and manage AI workloads. The Company operates through Bitcoin mining and AI Cloud Services segments. The Bitcoin mining segment generates revenue by mining Bitcoin with the Group's ASIC hardware, while the AI Cloud Services segment generates revenue from providing AI Cloud Services to third-party customers and generates maximum revenue. The Company generates maximum revenue from Australia.