Iris Energy Limited (NASDAQ:IREN) Q3 2023 Earnings Conference Call September 13, 2023 5:00 PM ET

Company Participants

Robert Lincoln - Senior Manager, Investor Relations

Daniel Roberts - Co-Founder and Co-Chief Executive Officer

Belinda Nucifora - Chief Financial Officer

Conference Call Participants

Mike Colonnese - H.C. Wainwright

Will Carlson - Cantor Fitzgerald

Joseph Vafi - Canaccord Genuity

Nick Giles - B. Riley

Paul Golding - Macquarie Capital

Joe Flynn - Compass Point Research & Trading

Reggie Smith - JPMorgan

Operator

Welcome to the Iris Energy Fiscal Year 2023 Results Conference Call. At this time all participants’ are in a listen-mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Robert Lincoln. Please go ahead.

Robert Lincoln

Good afternoon to those of you in North America, and good morning to those of you in Australia. Welcome to the Iris Energy FY '23 Earnings Conference Call. My name is Lincoln Tan, Senior Manager of Investor Relations. And with me on the call today is Daniel Roberts, Co-Founder and Co-CEO; and Belinda Nucifora, CFO.

I would like to remind you that certain statements that we make during this call may constitute forward-looking statements and Irish Energy cautions listeners that forward-looking information and statements are based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the company. Listeners should not place undue reliance on forward-looking information or statements. Please refer to the disclaimer on slide two within the accompanying presentation.

Thank you, and I will now turn the call over to Dan Roberts.

Daniel Roberts

Thank you, Lincoln. Dan Roberts, Co-Founder, Co-CEO, welcome back to another results presentation. We're thrilled to be here. It's been a year of consolidation building and putting ourselves in a position where as an organization, it's fair to say that we're rather excited about what lies ahead. Talking about exciting, there are two quite powerful and exciting numbers on the slide in front of us. They do come with caveats in context, which we'll go into, but we do believe we've laid a very powerful foundation to build upon. And today, we'd like to present that to you.

So moving through the slides, there's the disclaimer that Lincoln referred to, encourage you all to read it. While Iris Energy -- in very simple terms, we've now established a platform, which is ready to scale and continue the growth that we've delivered, particularly over the last 12 months. As we'll discuss today, we've established an extremely powerful power dynamic at Childress, our 600-megawatt Texas side, and we'll go through that today. We've got 30 exahash of bitcoin mining capacity so far as power availability, the land and the program to execute upon that. And as we've previously mentioned, we're exploring next-gen generative AI computing and are quite excited about the upcoming deployment of our NVIDIA H100 chips.