Iren (IREN) Capital Expenditures (2023 - 2026)
Iren's (IREN) quarterly Capital Expenditures came in at $1.3 billion in Q2 2026, up 621.75% year-over-year from $184.1 million in Q2 2025, and up 40.0% quarter-over-quarter from $949.2 million in Q1 2026.
Analysis
Iren (IREN) Capital Expenditures (2023 - 2026) Analysis & Trends
Iren (IREN) has reported Capital Expenditures for 4 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 621.75% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $3.0 billion, a 422.8% increase from a year earlier, with the FY2026 full-year figure at $3.0 billion, up 422.8% from the prior year.
- Capital Expenditures was $1.3 billion for Q2 2026 at Iren, up from $949.2 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $1.3 billion in Q2 2026 and troughed at -$144.1 million in Q1 2024.
- A 4-year average of $277.4 million and a median of $162.4 million in 2025 frame the typical range for Capital Expenditures.
- The widest YoY moves for Capital Expenditures: up 1112.27% in 2024, down 269.68% in 2024.
- Over 4 years, Capital Expenditures stood at $22.7 million in 2023, then jumped by 513.7% to $139.1 million in 2024, then surged by 288.1% to $539.7 million in 2025, then jumped by 146.22% to $1.3 billion in 2026.
- The last three Capital Expenditures figures came in at $1.3 billion (Q2 2026), $949.2 million (Q1 2026), and $539.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 2.15 Bn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 1.33 Bn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 4.00 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 60.73 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 14.78 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 6.10 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -265.99 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 43.09 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 14.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.33 Bn |
| Mar 31, 2026 | 949.16 Mn |
| Dec 31, 2025 | 539.69 Mn |
| Sep 30, 2025 | 180.31 Mn |
| Jun 30, 2025 | 184.11 Mn |
| Mar 31, 2025 | 144.45 Mn |
| Dec 31, 2024 | 139.06 Mn |
| Sep 30, 2024 | 105.83 Mn |
| Jun 30, 2024 | 254.52 Mn |
| Mar 31, 2024 | -144.05 Mn |
| Dec 31, 2023 | 22.66 Mn |
| Sep 30, 2023 | 8.73 Mn |
| Jun 30, 2023 | 209.68 Mn |
| Mar 31, 2023 | -38.97 Mn |