Aylen Reports Record Quarterly Revenue
Bitcoin miner Aylen has announced its highest quarterly revenue to date, bringing in $187.3 million in the last quarter. This surge helped the company achieve a remarkable $501 million in revenue for the entire fiscal year, marking a nearly 14% increase in after-hours trading.
For the quarter that ended on June 30th, revenue climbed 226% compared to the previous year, allowing Aylen to post a net profit of $176.9 million. This was highlighted in a report released on Thursday.
The impressive growth can be attributed primarily to the expansion of its Bitcoin (BTC) mining operations. However, Aylen is also focused on enhancing its presence in the AI sector, establishing itself as a key partner for the AI powerhouse Nvidia.
Shares of Aylen rose by 13.9% in after-hours trading on Thursday, nearing $23.04, as reported. Throughout the month, the stock has shown a steady upward trend, frequently hitting new highs.
Aylen’s move into the AI domain aligns with broader trends in the industry, particularly as Bitcoin miners face challenges from rising mining difficulties that have impacted energy consumption and profit margins.
Aylen Dominates Bitcoin Mining in 2025
In 2025, Aylen achieved $1 billion in annual revenue “under current mining economics,” overtaking industry leader Mala Holdings in BTC production for July, mining 728 BTC compared to Mala’s 703 BTC.
Aylen has also reached a Bitcoin mining capacity of 50 exahashes per second but has temporarily halted further expansion to prioritize its AI initiatives.
Iren Partners with Nvidia
During the last quarter, Aylen increased its GPU count to 1,900, earning the title of “Nvidia’s preferred partner,” which signifies a significant year-on-year increase of 132%. This partnership facilitates better access to Nvidia’s hardware.
Aylen plans to monetize its AI ventures by renting GPU power for machine learning applications, training extensive language models, and assisting businesses needing high-performance AI computations.
Additionally, the company is set to invest another $200 million in the coming months to grow its GPU count to 10,900, aiming for an annual AI revenue target of $200-250 million by December. This represents an increase of 8 to 10 times compared to the $25 million per month it earned from April to June.
The goal is to install 60,000 Nvidia Blackwell GPUs at its site in British Columbia, Canada, in the long run.
Aylen’s Past Criticism
Aylen’s recent successes stand in contrast to a year ago when Calper Research, a short-selling firm, criticized the company for making grand claims about high-performance computing without matching those claims with adequate investment to compete effectively in the AI arena. They made an analogy comparing Aylen’s competitive efforts to trying to win the Monaco Grand Prix while driving a Toyota Prius.
Since then, Aylen’s stock price has notably risen from $5.59 to $12.31 in April, experiencing an impressive recovery of 312.2% over the past four months.
Meanwhile, Aylen has recently settled a long-standing legal conflict with creditor NYDIG, concluding nearly three years of disputes involving over $105 million related to defaulted equipment loans tied to approximately 35,000 Antminer S19 units.
