Golden Finance News: In its May 2025 monthly update report, Nasdaq-listed crypto mining company IREN disclosed that 627 Bitcoins were mined that month. Based on the current market price, the revenue was approximately 64.7 million US dollars. This output represents a significant increase compared to 579 BTC in April and also sets a new record for the highest monthly mining volume since the company’s establishment.
IREN has been committed to the Bitcoin mining business. The continuous increase in its mining output reflects the achievements the company has made in mining hardware, operational efficiency, and computing power improvement. The outstanding performance in May this year not only brought the company substantial revenue but also further consolidated its position in the cryptocurrency mining field. With the continuous development of the cryptocurrency market, the future direction of IREN’s mining business has drawn much market attention.
It is understood that IREN has strong strength and competitiveness in the field of Bitcoin mining. The company constantly optimizes mining equipment and technology to enhance mining efficiency and reduce costs. Previously, IREN had maintained a relatively high profit margin in mining hardware. Its updated report in February 2025 showed that the profit margin of mining hardware reached 70%. Meanwhile, the company is also actively promoting its computing power expansion plan, aiming to enhance its operational computing power to a higher level in the future to further increase mining output and revenue.
In addition, IREN has also made plans for business diversification. Besides Bitcoin mining, it has ventured into AI cloud services and data center business. This series of measures will help the company maintain stable development in different market environments and reduce the risks brought by a single business.
The record-breaking mining achievement in May this time is an important milestone for IREN and lays a solid foundation for its future development. Market analysts are optimistic about IREN’s development prospects, believing that the company’s dual development in areas such as Bitcoin mining and AI will enhance its growth potential and market value.
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