IREN Limited (IREN)
| Market Cap | 13.55B |
| Revenue (ttm) | 688.55M |
| Net Income (ttm) | 523.26M |
| Shares Out | 283.47M |
| EPS (ttm) | 1.99 |
| PE Ratio | 24.04 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 19,503,236 |
| Open | 49.55 |
| Previous Close | 48.45 |
| Day's Range | 47.25 - 51.50 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.22 |
| Analysts | Buy |
| Price Target | 72.56 (+51.77%) |
| Earnings Date | Nov 6, 2025 |
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 11 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $72.56, which is an increase of 51.77% from the latest price.
News
IREN Limited: A Speculative Gem In The AI Cloud Landscape
IREN is pivoting from Bitcoin mining to an AI cloud and data center business, driving significant investor interest. The company differentiates itself by controlling the entire infrastructure stack, f...
10 AI Stocks I'd Buy Right Now
The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pull...
Why Iren Stock Surged Higher Today
Iren has been seeing extraordinary revenue growth. A slowdown in AI spending would dent that trajectory.
The IREN Rebound Is Starting
IREN secured 3 GW of power capacity, giving it a structural advantage amid nationwide interconnect delays and hyperscaler grid constraints. The Microsoft deal delivers $1.94 billion ARR with ~85% proj...
IREN, Riot, Cipher, Other HPC Stocks Climb After Nvidia's Blockbuster Q3 Report
Shares of AI data center and high-performance computing stocks are climbing after Wednesday's closing bell following a blockbuster third-quarter earnings report from NVIDIA Corp. (NASDAQ: NVDA).
IREN Vs. Cipher: The Former Looks Less Promising
Cipher Mining (CIFR) and IREN Limited (IREN) were pure Bitcoin miners before, and they're now pivoting to AI/data center infrastructure, but with distinct business models and risk profiles. IREN is ag...
AI Data Centers Are Banging on Crypto's Door
Developers desperately need access to electricity—and bitcoin miners are in a prime position to assist.
IREN: ARR Could Grow 6.8x To $3.4B By Year-End 2026
My thesis rests mainly on IREN's AI Cloud ramp: a $9.7B Microsoft deal targeting $1.9B ARR, and total AI Cloud ARR guided to $3.4B by year-end 2026. The moat of IREN is its power contracts. 140K GPUs ...
IREN: A 40% Pullback In A $3.4B ARR Future
Iren Limited (IREN) is a rapidly growing dual data center business with a unique blend of Bitcoin mining and AI/HPC hosting operations. IREN's vertical integration, secured 2.9GW power capacity, and s...
Should Investors Buy Iren Stock After Massive Deal With Microsoft?
The Microsoft (MSFT 0.47%) deal to purchase computing services from Iren (IREN +2.09%) is a game changer for investors.
After Big Rally What Next For IREN Stock?
IREN stock (NASDAQ: IREN), one of the largest publicly traded Bitcoin miners that shifted focus to AI cloud computing, has become one of the hottest stocks of 2025, skyrocketing over four times year-t...
IREN: You Haven't Missed The Boat
IREN Limited (IREN) is transforming from bitcoin mining to a vertically integrated AI compute provider, uniquely positioned to capitalize on surging AI demand. A ~$10 billion, five-year deal with Micr...
Arlington Capital Adds Data Center Company Iren With 76,000 Share Buy
Arlington Capital acquired 76,117 shares in Iren. The transaction represents a new position.
Why AI Infrastructure Stock Iren Limited Got Crushed This Week
The AI trade has taken it on the chin this week. Iren saw revenue soar 355% in its recently announced fiscal first quarter.
Morgan Stanley's Stephen Byrd: Data centers will face 20% energy shortfall through 2028
Stephen Byrd, Morgan Stanley global head of thematic research, joins CNBC's 'Money Movers' to discuss outlooks on energy demand as AI buildouts ramps up across the U.S.
IREN: Powering The AI Cloud Supercycle
IREN achieved $240 million in Q1 FY26 revenue, up 355% year-over-year, and $385 million in net income. Signed a $9.7 billion AI cloud contract with Microsoft, featuring a 20% ($1.9 billion) upfront pr...
Why Iren Limited Rallied Again in October
Iren announced new cloud contracts in October. On the back of the stock's appreciation, management raised money via attractively-priced convertible notes.
IREN Limited (IREN) Q1 2026 Earnings Call Transcript
IREN Limited ( IREN) Q1 2026 Earnings Call November 6, 2025 5:00 PM EST Company Participants Mike Power - Vice President of Investor Relations Daniel Roberts - Co-Founder, Co-CEO & Executive Director...
These Analysts Revise Their Forecasts On IREN Following Q1 Results
IREN Limited (NASDAQ:IREN) shares were up after the company released its first-quarter earnings report after Thursday's closing bell, beating estimates on the top and bottom lines.
IREN CEO Teases Deals Even Bigger Than Microsoft
IREN Limited (NASDAQ:IREN) recently announced a mega-deal with Microsoft Corp. (NASDAQ:MSFT) and implied there could be more on the way.
IREN Q1 Results: Valuation Is Highly Sensitive To Execution Risk
IREN Limited (IREN) delivered record Q1 FY26 results, with revenue surging 355% year-over-year to $240.3 million, driven by Bitcoin mining and AI Cloud growth. A landmark $9.7 billion, multi-year AI C...
IREN Beats Q1 Estimates: What To Know
IREN Limited (NASDAQ:IREN) shares were up after the company released its first-quarter earnings report after Thursday's closing bell, beating estimates on the top and bottom lines.
IREN stock price forecast ahead of earnings: buy or sell?
IREN stock price continued its strong rally, reaching a record high as traders waited for its earnings, and the artificial intelligence industry tailwinds gained steam. It jumped to a high of $76, bri...
IREN Shares Rise After $9.7 Billion AI Cloud Deal With Microsoft
IREN Limited (NASDAQ:IREN) shares are trading higher on Wednesday after the company recently signed a $9.7 billion AI cloud services agreement with Microsoft to deploy NVIDIA GB300 GPUs across its 750...
Microsoft Just Gave Investors 9.7 Billion Reasons to Buy This Monster Artificial Intelligence (AI) Data Center Stock Hand Over Fist
Businesses known as neoclouds specialize in procuring GPUs from Nvidia and then subsequently rent this hardware to hyperscalers. Back in September, Microsoft inked a $17.4 billion neocloud deal with N...