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Sewer pipe reinforcement to counter Vikasnagar cave-insYour child’s ski boots can impact their overall skiing experience and may even undermine their love for the sport if they find the boots awkward fitting and uncomfortable. In addition to comfort, the ability to retain warmth and be breathable are important qualities your kid’s ski boot should have. If your child is ready to hit the slopes and you’re looking for the ideal pair of boots, ensure you choose one that provides comfort and inspires confidence, such as our top pick, Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots . There are several types of ski boots for kids, such as rear-entry and front-entry designs as well as performance and adjustable boot options. Rear-entry boots allow your child to slip in their feet from the back, while front entry includes a tongue that opens forward and allows the child to slide in their foot from the top. Another type is performance boots, which are made for older kids who want a better performance from their footwear. The adjustable ski boot is another option, and it is a great choice for kids who grow out of their footwear quickly. It’s easy to think your child’s boots are too small because they feel stiff and tight, but some boots are designed to be stiff. To avoid making a mistake with the sizing, take your child with you to the ski shop to get them sized. You can speak to a ski technician to learn more about the fit process. Let your child try on the boot with the liner while wearing socks. If the liner is tight, then the boots may be too small. If your child is just starting with skiing and is only confident skiing on green runs, they are considered a beginner. Their category is intermediate if they can ski confidently on the blue square terrains. However, they are advanced if they can ski anything on the mountain. Kids’ ski boots usually come with ratings depending on their experience level. The boots with a lower flex rating are designed for beginners and are comfortable to wear but deliver less on performance. Those with a higher rating are usually less comfortable but provide better performance. Some children may end up abandoning skiing because they’d rather be doing something else other than constantly taking their boots on and off. Front-entry and rear-entry ski boots are easy to wear, so choose either of these options for a fussy child. Your child’s boots should grip the floor properly to minimize their chance of falling when skiing. This feature is known as slip resistance and is often determined by the type of material used to fabricate the outsole of the boots. Generally, slip-resistant soles are textured and made of rubber. Waterproof ski boots are made of nonporous materials and can keep your child’s feet dry even when submerged in water. There are water-resistant boots designed to repel water, but these won’t prevent your child’s feet from getting wet in heavy rain or snow. Most kids’ ski boots cost $25-$40. Some expensive options are made with high-quality waterproof material, costing up to $60. A. Ski boots have a different sizing for shoes, called Mondo sizing, which measures the inside of the foot. To get the right size for your child, use a tape measure to measure the length of their feet, then check the size chart to get the correct size. A. If your child is just starting with skiing, choose a pair of boots that can easily flex, like front-entry ski boots. Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots What you need to know: These ski boots are an excellent choice for beginner skiers thanks to their soft flex design and thermoformable technology. What you’ll love: These Soma-Tec boots are designed to enable maximum control and prevent the ankle and knee joints from twisting when skiing. They also include a micro-adjustable buckle system for quick and easy adjustment. They feature a thermoformable boot liner designed to give an adapted fit. What you should consider: Some users mentioned that the sizing isn’t accurate. Salomon T3 RT Ski Boots What you need to know: These ski boots come in three unique colors and are suitable for both boys and girls. What you’ll love: These boots are made with polyurethane, which gives them unique durability. They are also easy to put on or off and include micro-adjustments in the buckle to ensure a custom fit. What you should consider: They might run small for children with big feet. Rossignol Comp J4 Ski Boots Kid’s What you need to know: These ski boots are designed with comfort in mind thanks to their comfort liners and unique diagonal buckles. What you’ll love: They include liners that are made with soft materials and designed to give optimal comfort and all-day cushioning. They also feature diagonal buckles that offer a more natural foot wrapping and excellent heel support. What you should consider: The buckles are made of thin metal wire, which might not be very durable. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.
Mandate To Crown King Of Maha Politics Today: Pawar Or FadnavisI.F. Power and Fiber employee wins award, recognized for 20 years of workRussian President Vladimir Putin taunted the US Thursday by challenging America’s military to a “duel” to see if its defense systems could stop the Kremlin’s new hypersonic ballistic missile . During his end-of-the-year conference, Putin mocked the West’s claims that the new Oreshnik missile , capable of carrying a nuclear payload, was not as deadly as Moscow claims following its limited use against Ukraine. The Russian leader then suggested the US pick a target to protect and see if its defense systems would be up to the task of stopping the Oreshnik. “We’re ready for such an experiment,” Putin said, adding that Western technology “stands no chance.” Ukrainian President Volodymyr Zelensky said he was shocked by the challenge Putin put forth, telling reporters that it would be crazy for two superpowers to directly test their weapons against each other in such a way. “Do you think he is a sane person?” Zelensky asked reporters at a news conference hours later. The Oreshnik, Russian for hazel tree, was reportedly based on Moscow’s RS-26 Rubezh intercontinental ballistic missile and is capable of carrying either conventional or nuclear warheads . The rocket hit speeds of nearly 8,500 miles per hour after it was launched from the 4th Missile Test Range in Russia’s Astrakhan region last month, decimating a military site in Dnipro. The missile can fly between 310 to 3,400 miles, officials have said, putting all of Europe at risk. Along with the challenge to the US, Putin reiterated threats against Kyiv, suggesting Ukraine’s “decision-making centers” were viable targets in the war. The threat was made after Lt. Gen. Igor Kirillov, the head of Russia’s nuclear weapons department, was killed in a scooter explosion in Moscow earlier this week. Kirillov was the highest-ranking Russian official to be killed since the war began in February 2022. Despite claiming to be confident in Russia’s invasion progress, Putin said he would be willing to agree to a cease-fire agreement on the condition that the US do the bulk of the work getting Kyiv to agree. He said he was ready for such conversations to take place under the incoming Trump administration, warning the US that Russia is not in a weaker position to bargain with. “If I ever meet with the newly elected president, Mr. Trump, I am sure we’ll have something to talk about,” Putin said. With Post wires
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Your child’s ski boots can impact their overall skiing experience and may even undermine their love for the sport if they find the boots awkward fitting and uncomfortable. In addition to comfort, the ability to retain warmth and be breathable are important qualities your kid’s ski boot should have. If your child is ready to hit the slopes and you’re looking for the ideal pair of boots, ensure you choose one that provides comfort and inspires confidence, such as our top pick, Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots . There are several types of ski boots for kids, such as rear-entry and front-entry designs as well as performance and adjustable boot options. Rear-entry boots allow your child to slip in their feet from the back, while front entry includes a tongue that opens forward and allows the child to slide in their foot from the top. Another type is performance boots, which are made for older kids who want a better performance from their footwear. The adjustable ski boot is another option, and it is a great choice for kids who grow out of their footwear quickly. It’s easy to think your child’s boots are too small because they feel stiff and tight, but some boots are designed to be stiff. To avoid making a mistake with the sizing, take your child with you to the ski shop to get them sized. You can speak to a ski technician to learn more about the fit process. Let your child try on the boot with the liner while wearing socks. If the liner is tight, then the boots may be too small. If your child is just starting with skiing and is only confident skiing on green runs, they are considered a beginner. Their category is intermediate if they can ski confidently on the blue square terrains. However, they are advanced if they can ski anything on the mountain. Kids’ ski boots usually come with ratings depending on their experience level. The boots with a lower flex rating are designed for beginners and are comfortable to wear but deliver less on performance. Those with a higher rating are usually less comfortable but provide better performance. Some children may end up abandoning skiing because they’d rather be doing something else other than constantly taking their boots on and off. Front-entry and rear-entry ski boots are easy to wear, so choose either of these options for a fussy child. Your child’s boots should grip the floor properly to minimize their chance of falling when skiing. This feature is known as slip resistance and is often determined by the type of material used to fabricate the outsole of the boots. Generally, slip-resistant soles are textured and made of rubber. Waterproof ski boots are made of nonporous materials and can keep your child’s feet dry even when submerged in water. There are water-resistant boots designed to repel water, but these won’t prevent your child’s feet from getting wet in heavy rain or snow. Most kids’ ski boots cost $25-$40. Some expensive options are made with high-quality waterproof material, costing up to $60. A. Ski boots have a different sizing for shoes, called Mondo sizing, which measures the inside of the foot. To get the right size for your child, use a tape measure to measure the length of their feet, then check the size chart to get the correct size. A. If your child is just starting with skiing, choose a pair of boots that can easily flex, like front-entry ski boots. Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots What you need to know: These ski boots are an excellent choice for beginner skiers thanks to their soft flex design and thermoformable technology. What you’ll love: These Soma-Tec boots are designed to enable maximum control and prevent the ankle and knee joints from twisting when skiing. They also include a micro-adjustable buckle system for quick and easy adjustment. They feature a thermoformable boot liner designed to give an adapted fit. What you should consider: Some users mentioned that the sizing isn’t accurate. Salomon T3 RT Ski Boots What you need to know: These ski boots come in three unique colors and are suitable for both boys and girls. What you’ll love: These boots are made with polyurethane, which gives them unique durability. They are also easy to put on or off and include micro-adjustments in the buckle to ensure a custom fit. What you should consider: They might run small for children with big feet. Rossignol Comp J4 Ski Boots Kid’s What you need to know: These ski boots are designed with comfort in mind thanks to their comfort liners and unique diagonal buckles. What you’ll love: They include liners that are made with soft materials and designed to give optimal comfort and all-day cushioning. They also feature diagonal buckles that offer a more natural foot wrapping and excellent heel support. What you should consider: The buckles are made of thin metal wire, which might not be very durable. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.Science Photo Album Showcases Space Station Research in 2024 - NASAGroundbreaking Directive Ensures ALS Patients on Medicare Advantage Gain Access to Qalsody
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How the Trump tariff threat could impact SaskatchewanNBC Sports makes its first foray into doing an NFL alternate broadcast on Saturday when it puts the matchup between the Houston Texans and Kansas City Chiefs into the realm of the Madden video game universe. The Madden altcast will be streamed on Peacock with the main broadcast airing on NBC, beginning at 1 p.m. EST. It is the first time NBC has done an alternate broadcast of an NFL game. CBS has done at least one game on Nickelodeon since the 2020 season, while ESPN/ABC have the “ManningCast” as well as animated presentations featuring “ The Simpsons ” and “ Toy Story .” Amazon Prime Video also has “Prime Vision with Next Gen Stats” during “Thursday Night Football.” “It’s ironic that you want to make the video game as much as actual live play as possible and now you are doing the opposite of trying to make the real game look like the video game,” said Josh Helmrich, the NFL's senior director of media and Next Gen Stats. The altcast on Peacock will blend video game elements — such as Madden 25 graphics, route trees, player cards, button icons on eligible receivers and player ratings — with live action. GenuisIQ will provide real-time data via the league’s Next Gen Stats. There will also be times when animations from the video game — such as touchdown celebrations — will be used instead of live action. NBC has used the “Sunday Night Football” games the last two weeks as test broadcasts to make sure all the technology was working as well as build cohesion in the studio in Stamford, Connecticut, with the announcers doing the game. Paul Burmeister will handle the play-by-play with Madden NFL expert Kurt Benkert and six-time Pro Bowl wide receiver Chad Ochocinco providing commentary. Ochocinco will serve as a real-time player “ratings adjuster.” Henry Leverette, who won the Ultimate Madden Bowl championship ring in February, will also be part of the broadcast. Burmeister noted earlier this week that there will be more hard core football schematic chess match talk on the altcast compared to what might happen on a traditional football broadcast. “I’m really excited to toe that line and weave this in to show how much parallel the game has to the real game itself,” Benkert said. “I think will resonate really well with the younger audience and with people that are used to seeing it in the video game that way.” While the Madden video game is known for the high camera view above the quarterback, that will be used only for replays or to show formations before plays. The traditional sideline camera will be used the most since that better shows route trees and other features most associated with the game. In an added twist, Ochocinco will be able to adjust a player's rating depending on what happens during the game. The Texans (9-5) have clinched the AFC South while the AFC West champion Chiefs (13-1) are looking to remain the conference's top seed. Chiefs QB Patrick Mahomes and tight end Travis Kelce were two of only six players to begin the season with 99 overall ratings in the Madden game. Houston's highest-rated players in Madden are offensive tackle Laremy Tunsil (95) and running back Joe Mixon (93). Eleven players on the Texans and Chiefs rosters have a Madden rating above 90. The Madden altcast also takes on personal meaning for NBC Sports Executive Producer of NFL Fred Gaudelli, who was Madden's producer during the final seven years of his broadcast career. Madden joined ABC's “Monday Night Football” in 2002 before Madden and Gaudelli moved to NBC for the start of “Sunday Night Football” in 2006. “The one thing John held fast is you couldn't put something in the video game that you couldn't do in a real game,” Gaudelli said. “I had some memorable times picking his brain about the advent of the video game and what led him to it. He has been foremost in my mind as we’ve all tried to strategize what this should look like on Saturday.” ___ AP NFL: https://apnews.com/hub/nfl Joe Reedy, The Associated Press50 EH/s expansion accelerated to H1 2025 Focused on alternative funding instruments Potential for investor distributions in 2025 Transition to U.S. domestic issuer SYDNEY, Nov. 26, 2024 (GLOBE NEWSWIRE) -- IREN IREN (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the first quarter ended September 30, 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We are pleased to report our Q1 FY25 results and reiterate our focus on low-cost Bitcoin mining, operating cashflows and shareholder returns," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We are just weeks away from achieving our 31 EH/s milestone and are excited to announce the acceleration of our growth trajectory to 50 EH/s in H1 2025, which was previously H2 2025. Our funding program is focused on alternative funding instruments and the strong operating cashflows we expect to generate enhances our flexibility to support potential distributions in 2025." Business Update Bitcoin Mining 21 EH/s installed, on-track for 31 EH/s next month Accelerating expansion to 50 EH/s in H1 2025 Previously H2 2025 Single site expansion at Childress S21 Pro miners previously secured (fixed price, $18.9/TH) Institutional-grade mining exposure Vertically integrated, large scale and low-cost producer ~$29k all-in cash cost per Bitcoin 1 Non-HODL approach and prudent capital stewardship through the cycle Commitment to 100% renewable energy, supporting energy grids and local communities AI/HPC Update AI Cloud Services 1,896 NVIDIA H100 & H200 GPUs Focus on measured growth, only in response to customer demand Other Continuing to advance negotiations with parties on a range of structures in relation to IREN sites – any transaction would need to reflect strategic value of IREN assets Installing liquid cooling infrastructure at Childress and Prince George to support NVIDIA Blackwell GPUs Power & Land IREN 1.4GW Sweetwater site located 60 miles from Abilene, Texas Procurement underway to support IREN-owned 1.4GW substation energization by April 2026 Construction planning for multiple pathways Continuing to prioritize development activities for >1GW pipeline Corporate & Funding Focused on alternative funding instruments Strong operating cashflows to support potential investor distributions in 2025 Transition to U.S. domestic issuer status in 2025 (including U.S. GAAP reporting) The Q1 FY25 Results webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations First Quarter FY25 Results Bitcoin mining revenue of $49.6 million, as compared to $54.3 million in Q4 FY24, driven by increase in network difficulty and lower Bitcoin prices, offset by growth in operating hashrate during the month of September 2024 28% increase in AI Cloud Services revenue of $3.2 million, as compared to $2.5 million in Q4 FY24, driven by revenue for additional GPU's commissioned in April 2024 Adjusted EBITDA of $2.6 million, as compared to $12.2 million in Q4 FY24 2 813 Bitcoin mined, as compared to 821 Bitcoin in Q4 FY24, driven primarily by increase in network difficulty and halving event in Q4 FY24 Net electricity costs 3 of $28.7 million, as compared to $24.1 million in Q4 FY24, primarily driven by an increase in operating capacity Successful transition to spot electricity pricing at Childress from August 1, 2024 One-off cost of $7.2 million to close out August and September 2024 hedges Other costs of $21.4 million, as compared to $20.5 million in Q4 FY24 4 Reflects a business today that is delivering significant growth, and projecting continued expansion over the coming years Includes $2.7 million provision for Canadian non-refundable sales tax, as compared to $2.0 million in Q4 FY24. Net loss after income tax of $51.7 million, as compared to a loss of $27.1 million in Q4 FY24 Q1 FY25 Operating cash outflow of $3.8 million, as compared to cash inflow of $4.8 million in Q4 FY24 Cash and cash equivalents of $98.6 million as of September 30, 2024 and no debt facilities, increasing to $182.4 million as of October 31, 2024 5 Assumptions and Notes All-in cash cost per Bitcoin at 31 EH/s reflects total net electricity costs, overheads and Renewable Energy Certificate (REC) cash costs and includes benefit of $32m illustrative contribution from AI Cloud Services, on a per Bitcoin mined basis. Calculations assume hardware operates at 100% uptime, nameplate fleet efficiency of 15 J/TH, weighted average power cost of $0.036, overheads of $81m, REC costs of $9m, power consumption of 484MW, network hashrate of 732 EH/s, block reward of 3.125 BTC per block, transaction fees of 0.1 BTC per block, pool fees of 0.15%. $32m illustrative contribution from AI Cloud Services calculated as illustrative revenue less assumed electricity costs (excludes all other site, overhead and REC costs) and assumes hardware is fully utilized by customers and operating at 100% uptime, 1.25kW power draw per GPU, $0.045/kWh electricity costs and $2.00 per GPU hour revenue assumption. REC costs at 31 EH/s assume $3/MWh pricing based on historical purchases. Weighted average power cost assumption reflects $0.045/kWh costs in British Columbia and $0.0325/kWh costs in Texas - latter in line with actual net electricity costs of $0.031, $0.032 and $0.0306 in Aug, Sep and Oct 2024, respectively. Historical power prices achieved and power price assumptions may or may not materialize in the future. This press release should be read strictly in conjunction with the forward-looking statements disclaimer on page 6. EBITDA and Adjusted EBITDA are non-IFRS metrics. See page 4 for a reconciliation to the nearest IFRS metric. Net electricity cost is a non-IFRS metric. See page 5 for a reconciliation to the nearest IFRS metric. Other costs exclude one-off other expense items. See page 4 for a reconciliation to the nearest IFRS metric. Reflects USD equivalent, unaudited cash and cash equivalents as of September 30, 2024 and October 31, 2024 respectively. Non-IFRS metric reconciliation Adjusted EBITDA Reconciliation (USD$m) 1 3 months ended Sep 30, 2024 3 months ended June 30, 2024 Bitcoin mining revenue 49.6 54.3 AI cloud service revenue 3.2 2.5 Net electricity costs 2 (28.7) (24.1) Other costs 3 (21.4) (20.5) Adjusted EBITDA 2.6 12.2 Adjusted EBITDA Margin 5 % 21 % Reconciliation to consolidated statement of profit or loss Add/(deduct): Unrealized loss on financial asset - (2.1) Share-based payment expense - $75 exercise price options (3.1) (2.9) Share-based payment expense - other (5.1) (3.1) Impairment of assets (9.5) - Foreign exchange loss 1.2 (7.0) Gain on disposal of property, plant and equipment 0.8 0.0 Other expense items 4 (5.6) (0.1) EBITDA (18.6 ) (3.0 ) Finance expense (0.1) (0.1) Interest income 2.3 3.0 Depreciation (34.0) (26.8) Loss before income tax expense for the period (50.4 ) (26.9 ) Income tax expense (1.3) (0.2) Loss after income tax expense for the period (51.7 ) (27.1 ) 1) For further detail, see our unaudited interim financial statements for the period ended September 30, 2024, included in our Form 6-K filed with the SEC on November 26, 2024. 2) Net electricity cost is a non-IFRS metric. See below table for a reconciliation to the nearest IFRS metric. 3) Other costs include employee benefits expense, professional fees, site expenses, Renewable Energy Certificates (RECs) and other operating expenses excluding one-off other expenses. 4) Other expense items include, a one-off liquidation payment incurred in August 2024 resulting from the transition to spot pricing at the Group's site at Childress, the reversal of the unrealized loss recorded on fixed price contracted amounts outstanding at June 30, 2024, professional fees incurred in relation to the securities class action and loss due to theft of mining hardware in transit. Reconciliation of Electricity charges to Net electricity costs (USD$m) 3 months ended Sep 30, 2024 3 months ended June 30, 2024 Electricity charges (29.8) (25.7) Add/(deduct) the following: - Realized gain/(loss) on financial asset (4.2) 1.0 One off liquidation payment (included in Realized gain/(loss) on financial asset) 1 7.2 - Reversal of unrealized loss (included in Realized gain/(loss) on financial asset) 2 (3.4) - ERS revenue (included in Other income) 1.6 0.6 ERS fees (included in Other operating expenses) (0.1) (0.0) Net electricity costs 3 (28.7 ) (24.1 ) 1) One-off liquidation payment includes the amount paid to exit positions previously entered into under a fixed price and fixed quantity contract, on transition to a spot price and actual usage contract. 2) Reversal of unrealized loss is calculated as the unrealized loss on financial asset as at June 30, 2024. 3) Net electricity costs exclude the cost of RECs. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN's future financial or operating performance. For example, forward-looking statements include but are not limited to the Company's business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "target", "will," "estimate," "predict," "potential," "continue," "scheduled" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. These forward-looking statements are based on management's current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN's actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including, but not limited to: Bitcoin price and foreign currency exchange rate fluctuations; IREN's ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet its capital needs and facilitate its expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require IREN to comply with onerous covenants or restrictions, and its ability to service its debt obligations, any of which could restrict its business operations and adversely impact its financial condition, cash flows and results of operations; IREN's ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites and to diversify and expand into the market for high performance computing ("HPC") solutions it may offer (including the market for AI Cloud Services); IREN's limited experience with respect to new markets it has entered or may seek to enter, including the market for HPC solutions (including AI Cloud Services); expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any current and future HPC solutions (including AI Cloud Services) that IREN offers; IREN's ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to its strategy to expand into markets for HPC solutions (including AI Cloud Services); IREN's ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of its HPC solutions (including AI Cloud Services) and other counterparties; the risk that any current or future customers, including customers of its HPC solutions (including AI Cloud Services), or other counterparties may terminate, default on or underperform their contractual obligations; Bitcoin global hashrate fluctuations; IREN's ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; IREN's reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and its ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; IREN's participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to IREN; any variance between the actual operating performance of IREN's miner hardware achieved compared to the nameplate performance including hashrate; IREN's ability to curtail its electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which IREN operates; the availability, suitability, reliability and cost of internet connections at IREN's facilities; IREN's ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC solutions (including AI Cloud Services) it offers, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining as well as hardware for other applications, including any current or future HPC solutions (including AI Cloud Services) IREN offers); delays, increases in costs or reductions in the supply of equipment used in IREN's operations; IREN's ability to operate in an evolving regulatory environment; IREN's ability to successfully operate and maintain its property and infrastructure; reliability and performance of IREN's infrastructure compared to expectations; malicious attacks on IREN's property, infrastructure or IT systems; IREN's ability to maintain in good standing the operating and other permits and licenses required for its operations and business; IREN's ability to obtain, maintain, protect and enforce its intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends IREN expects to drive growth in its business materialize to the degree it expects them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at IREN's sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to IREN's property and infrastructure and the risk that any insurance IREN maintains may not fully cover all potential exposures; ongoing proceedings relating in part to the default, and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom; IREN's failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of IREN's compliance and risk management methods; any laws, regulations and ethical standards that may relate to IREN's business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services it offers, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; IREN's ability to attract, motivate and retain senior management and qualified employees; increased risks to IREN's global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect IREN's business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease (such as COVID-19) and any governmental or industry measures taken in response; IREN's ability to remain competitive in dynamic and rapidly evolving industries; damage to IREN's brand and reputation; expectations relating to Environmental, Social or Governance issues or reporting; the costs of being a public company; the increased regulatory and compliance costs of IREN ceasing to be a foreign private issuer and an emerging growth company, as a result of which we will be required, among other things, to file periodic reports and registration statements on U.S. domestic issuer forms with the SEC commencing with our next fiscal year, prepare our financial statements in accordance with U.S. GAAP rather than IFRS, and to modify certain of our policies to comply with corporate governance practices required of U.S. domestic issuers; and other important factors discussed under the caption "Risk Factors" in IREN's annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at www.sec.gov and the Investor Relations section of IREN's website at https://investors.iren.com . These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this investor update. Any forward-looking statement that IREN makes in this investor update speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. Non-IFRS Financial Measures This press release includes non-IFRS financial measures, including Net electricity costs, Adjusted EBITDA and Adjusted EBITDA Margin. We provide these measures in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. There are a number of limitations related to the use of Net electricity costs, Adjusted EBTIDA and Adjusted EBITDA Margin. For example, other companies, including companies in our industry, may calculate these measures differently. The Company believes that these measures are important and supplement discussions and analysis of its results of operations and enhances an understanding of its operating performance. EBITDA is calculated as our IFRS profit/(loss) after income tax expense, excluding interest income, finance expense and non-cash fair value loss and interest expense on hybrid financial instruments, income tax expense, depreciation and amortization, which are important components of our IFRS profit/(loss) after income tax expense. Further, "Adjusted EBITDA" also excludes share-based payments expense, which is an important component of our IFRS profit/(loss) after income tax expense, foreign exchange gains and losses, impairment of assets, certain other non-recurring income, loss on disposal of property, plant and equipment, gain on disposal of subsidiaries, unrealized fair value gains and losses on financial assets and certain other expense items. Net electricity costs is calculated as our IFRS Electricity charges net of Realized gain/(loss) on financial asset, ERS revenue (included in Other income) and ERS fees (included in Other operating expenses), and excludes the cost of Renewable Energy Certificates (RECs). About IREN IREN is a leading data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 50 EH/s in H1 2025. Operations since 2019. AI Cloud Services: providing cloud compute to AI customers, 1,896 NVIDIA H100 & H200 GPUs. Operations since 2024. Next-Generation Data Centers : 360MW of operating data centers, expanding to 810MW in H1 2025. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications. Technology : technology stack for performance optimization of AI Cloud Services and Bitcoin Mining operations. Development Portfolio: 2,310MW of grid-connected power secured across North America, >1,000 acre property portfolio and additional development pipeline. 100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs) : targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities. Contacts Media Investors Jon Snowball Sodali & Co +61 477 946 068 Lincoln Tan IREN +61 407 423 395 lincoln.tan@iren.com Danielle Ghigliera Aircover Communications +1 510 333 2707 To keep updated on IREN's news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SANTIAGO, Chile (AP) — Chile’s prosecutor’s office confirmed Tuesday that President Gabriel Boric is being investigated for sexual harassment, in connection with a case in which the president says he was systematically harassed via email by a woman over a decade ago. The country’s attorney general, Cristián Crisosto, said in a statement that prosecutors have opened “a criminal case related to" allegations filed by an unidentified woman in September. The complaint alleges sexual harassment as well as the leaking of private images. Crisosto did not provide details of the alleged events, or say when or where they took place. Boric, 38, has denied the accusations through his attorney, Jonatan Valenzuela, who in a statement described the president as “the victim of systematic harassment via email.” The alleged harassment occurred between July 2013 and July 2014, when Boric was an intern in the southern Chilean city of Punta Arenas, near Patagonia, and was already a well-known figure in national politics thanks to his role in student-led protests a couple of years earlier. Valenzuela said Boric “never had an emotional or friendly relationship” with the woman and both have not been in communication since July 2014 when she is alleged to have sent the last of dozens of emails, some with explicit images, to the now president. Valenzuela said his team handed authorities all communications between Boric and the woman after learning of her complaint, to “clarify the status of the president as a victim.” Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-americaAFL Don't miss out on the headlines from AFL. Followed categories will be added to My News. Channel 7 has announced the worst kept secret in football TV with industry giant Craig Hutchison making the move to the network. Seven’s Wednesday morning confirmation also showed its hand to rival Channel 9 as the networks prepare to go head to head in 2025. The footy media is undergoing one of its biggest shake-ups and Hutchison is one of the final pieces Seven is putting in place to challenge Nine’s mid-week dominance. One of the biggest moves announced recently was Fox Footy’s coup in signing up legendary AFL/VFL star turned four-time premiership coach Leigh Matthews. Four-time premiership player Shaun Burgoyne and Geelong champion Tom Hawkins will also join Fox Footy’s commentary team in 2025. Watch every game of the NAB AFL Women’s Finals Series LIVE with no ad-breaks during play on Kayo. New to Kayo? Get your first month for just $1 . Limited time offer. Supplied by Channel 9: Craig Hutchison, Eddie McGuire, Sam Newman, Rebecca Maddern and Billy Brownless. Hutchison, meanwhile, is returning to Seven after previously being with the network for 18 years. Wednesday’s announcement showed Hutchison will be directly going up against his former colleagues from Channel 9’s Footy Classified when he hosts Seven’s new The Agenda Setters program. The footy panel show will feature on Monday and Tuesday nights. Hutchison will host the Monday edition. Seven is also rolling the dice with another football program ‘Unfiltered’ that will be screened on Wednesday nights alongside the popular ‘Front Bar’ hosted by Mick Molloy. Hamish McLachlan will host the new Wednesday night project. Hutchison’s production company Rainmaker will be producing several of the new AFL programs on Seven. The SEN chief executive will be forced to cut all ties with Nine as a result. Seven announced in a statement big signings Kane Cornes and Nick Riewoldt will join Hutchison on the Monday night. Seven’s football productions will look almost unrecognisable in 2025 with veteran football journalist Caroline Wilson also saying her move to the network is imminent. Wilson on Tuesday teased there was going to be “interesting” news from within the footy media industry and her information was spot on. Nine’s biggest move has been the hiring of Essendon great James Hird. Seven has also said goodbye to some talent with Luke Darcy stepping away from his media roles with the network and Triple M. Tim Watson is also finishing up at the end of 2024. Presenter Rebecca Maddern is also going to take up a newly-created role as chief sports presenter with Channel 7. And then there as one. Picture: Channel 9 Seven’s new direction to beef up its football content comes after years of private concern from the AFL that the network had not been doing enough to promote the game. That is about to change. Dramatically. Hutchison said in a Channel 7 statement: “Seven is the home of free-to-air AFL, and has an unrivalled history, legacy and contribution to AFL football. These new shows will shape and set the agenda of the weekday discussion of football, which is at the heart of the game. “The media and opinions around the game is the zeitgeist of what fuels Australian football, and we will bring the game’s biggest names to the table and call it as it is. “And on a personal level, to return to Seven where I spent many years earlier in my career is an honour.” During the 2025 AFL season, Fox Footy commentary and production will be available on all games for the first time along with no ad-breaks during play. With Fox Footy able to commentate all nine games each round, it’s expected the likes of Gerard Whateley and Matt Hill will call games on the network. More Coverage ‘No longer’: McGregor wiped from history Tyson Otto ‘Frenzy’: $1 million Longmire detail emerges Tyson Otto Originally published as ‘Interesting’: Channel 7 lands massive fish in footy media war More related stories AFL ‘I had both jobs’: Drum’s enduring regret over secret Pies talks As pressure mounted on Tony Shaw at Collingwood in 1998, the club held secret talks with Damian Drum. For the first time, he speaks on the SACKED podcast about how close he came to being Collingwood’s coach. Read more News Cats draftee’s devastation after tragic death of Geelong physio Xavier Ivisic’s road to joining his hometown club wasn’t all smooth sailing. But the tragic death of a beloved Geelong figure put things into perspective. Read more
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