IREN Limited (IREN)
| Market Cap | 23.35B +1,145.6% |
| Revenue (ttm) | 757.07M +104.8% |
| Net Income | 158.05M |
| EPS | 0.54 |
| Shares Out | 357.38M |
| PE Ratio | 120.27 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 56,368,674 |
| Open | 62.20 |
| Previous Close | 63.54 |
| Day's Range | 60.26 - 66.50 |
| 52-Week Range | 8.32 - 76.87 |
| Beta | 4.18 |
| Analysts | Buy |
| Price Target | 79.84 (+22.21%) |
| Earnings Date | May 7, 2026 |
About IREN
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 15 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $79.84, which is an increase of 22.21% from the latest price.
News
Iren Stock Drops despite Advancing Plans to Roll Out Nvidia (NVDA) Chips to Expand Its Fleet
Iren Limited ($IREN) edged lower in Monday’s pre-market session despite the Australian AI cloud company announcing its tie-up with Texas-based BE Networks to test the digital twin of its infrastructur...
IREN Closes $3.65bn Investment-Grade GPU Financing
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has closed a $3.65bn investment-grade GPU financing facility to support the delivery of its AI Cloud...
BE Networks, Iren accelerate deployment of AI factory with Nvidia DSX Air
BE Networks announced that it is working with Iren (IREN) to leverage Nvidia (NVDA) DSX Air to simulate and validate the network architecture supporting IREN’s upcoming deployment of more than…
IREN and BE Networks Accelerate Deployment of Large-Scale AI Factory with NVIDIA DSX Air
High fidelity simulation environment will help validate large NVIDIA GPU AI infrastructure before physical deployment NEW YORK, June 1, 2026 /PRNewswire/ -- BE Networks, a leading provider of networki...
Iren Has ‘a Lot of Capacity to Sell,’ Five-Star Analyst Says as Stock Drops
Iren Limited’s ($IREN) shares dropped over 2% on Friday morning, extending their 5%+ decline from Thursday. This came despite Cantor Fitzgerald’s five-star analyst Brett Knoblauch turning more bullish...
Iren price target raised to $99 from $77 at Cantor Fitzgerald
Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Iren (IREN) to $99 from $77 and keeps an Overweight rating on the shares. Iren’s recent Microsoft (MSFT) deal,…
IREN Stock Drops despite Passing Goldman’s Math Check on $1.6B Dell Purchase
Australian AI cloud company Iren Limited’s ($IREN) shares fell over 4% early Friday despite clearing Goldman Sachs’ ($GS) review of its $1.6 billion hardware purchase deal with Dell Technologies ($DEL...
Iren Stock Jumps as Top Analyst Says Big AI Deals ‘Have Accelerated Meaningfully’
Australian AI cloud company Iren Limited’s ($IREN) shares climbed by over 13% on Wednesday, extending its previous-day gain. This came after Nick Giles, a five-star analyst at B. Riley Securities,…
Iren price target raised to $50 from $44 at Goldman Sachs
Goldman Sachs raised the firm’s price target on Iren (IREN) to $50 from $44 and keeps a Neutral rating on the shares. The firm is updating its estimates after the…
IREN jumps 13% as Dell Blackwell deal supercharges AI push
Shares of IREN Limited rose 13% on Wednesday after the company announced a $1.6 billion purchase agreement with Dell Technologies for Nvidia-powered Blackwell systems aimed at expanding its artificial...
Iren price target raised to $88 from $83 at B. Riley
B. Riley raised the firm’s price target on Iren (IREN) to $88 from $83 and keeps a Buy rating on the shares. The firm says the pace and magnitude of…
IREN Stock Jumps as Massive $1.6 Billion Dell Contract Boosts Future Sales Targets to $4.4 Billion
IREN stock ($IREN) jumped 5% in premarket trading on Wednesday morning after the technology firm signed a massive $1.6 billion hardware purchase agreement with Dell Technologies ($DELL). This giant co...
IREN to buy Blackwell systems from Dell for about $1.6 billion
Data center operator IREN said on Tuesday it has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion, as it aims to bring more capacity online to keep up with soarin...
IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress
NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has entered into a purchase agreement with Dell for air-cooled Blackwell systems to service its previ...
Iren Stock Is Up 50% YTD. Here’s Why Analyst Forecasts See More Room to Run
Australian AI cloud company Iren Limited’s ($IREN) shares have climbed by 50.46% since the start of the year despite the company’s disappointing third-quarter fiscal 2026 results. However, analysts’ f...
Iren Stock Is Up 50% YTD. Here’s Why Analyst Forecasts See More Room to Run
Australian AI cloud company Iren Limited’s ($IREN) shares have climbed by 50.46% since the start of the year despite the company’s disappointing third-quarter fiscal 2026 results. However, analysts’ f...
IREN’s Multi-Billion-Dollar Nvidia Deal Proves That Physical Data Centers Control the Future of AI
A massive new tech agreement shows that physical data centers control the future of AI. The situation prompted the infrastructure company IREN ($IREN) to sign a $3.4 billion Nvidia ($NVDA)…
Traders bet against CoreWeave, Nebius, IREN stocks despite strong growth
Neocloud companies are reporting some of the best financial results this year as the artificial intelligence boom accelerates. Despite this, Wall Street traders are betting against some of the top nam...
The world will need an ENORMOUS amount of compute infrastructure: IREN co-CEO
IREN co-founder and co-CEO Dan Roberts discusses the evolution of neoclouds and their role in data centers on ‘Making Money.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #maki...
IREN CEO: Have Great Relationship With Dell and Nvidia
IREN, a vertically integrated AI cloud provider, recently announced a strategic partnership with Nvidia for up to $2.1 billion as part of a broader agreement between the two companies aimed at acceler...
IREN Acquires Awaken to Support Global Brand Growth
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the acquisition of Awaken, a creative and media agency specializing in content strategy and brand develo...
IREN Closes $3.0 Billion Convertible Notes Offering
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes...
Crypto ETFs: Blockchain Equities Reemerge
Crypto equity ETFs (or blockchain ETFs) were once one of the main ways to access the crypto theme in an ETF wrapper. That changed after the January 2024 approval of spot bitcoin ETPs, which gave inves...
IREN Prices Upsized $2.6 Billion Convertible Notes Offering
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes...