Iris Energy is a Bitcoin mining company. Co. builds, owns and operates data center and electrical infrastructure for the mining of Bitcoin that are primarily powered by renewable energy. Co.'s mining operations generate sales by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as U.S. Dollars or Canadian Dollars on a daily basis. The IREN average annual return since 2021 is shown above.
The Average Annual Return on the IREN average annual return since 2021 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether IREN average annual return since 2021 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the IREN average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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