IREN's ex-Macquarie founders now Australia's highest paid CEOs after $218m windfall
Dan and Will Roberts each took home $109 million last financial year after IREN became the world's most valuable Bitcoin miner, and an ambitious AI data centre play.
Ex-Macquarie VPs Daniel and Will Roberts banked USD72 million apiece ($109 million) during the last financial year, new documents filed with the SEC show, making the IREN co-CEOs the best paid executives leading any Australian company.
Though listed on the Nasdaq, IREN and a fifth of its employees are headquartered in Sydney. The Bitcoin miner and data centre company's revenue jumped 160% to USD501 million during the last financial year, while a USD29 million loss in 2024 turned into a USD87 million profit.
The overwhelming majority of the brothers' pay, USD69.6 million each, came from stock grants, according to a proxy statement filed on Tuesday morning ahead of the company's AGM on November 19.
IREN's board last July instituted a reward plan that, like Elon Musk at Telsa, grants the co-founders extra share allocations if IREN's stock hits certain benchmarks. With its share price up nearly 900% over the last six months, sitting at USD57, each tranche was smashed.
