IREN Limited (IREN)
| Market Cap | 17.36B |
| Revenue (ttm) | 688.55M |
| Net Income (ttm) | 523.26M |
| Shares Out | 328.34M |
| EPS (ttm) | 1.99 |
| PE Ratio | 26.59 |
| Forward PE | 376.37 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 38,648,855 |
| Open | 53.23 |
| Previous Close | 52.99 |
| Day's Range | 50.82 - 53.66 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.26 |
| Analysts | Buy |
| Price Target | 71.60 (+35.4%) |
| Earnings Date | Feb 11, 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 12 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $71.6, which is an increase of 35.40% from the latest price.
News
IREN: Cheap Valuation Means I Am Doubling Down
IREN Limited (IREN) is reiterated as a 'Strong Buy' after a 17% dip, with fundamentals and AI-driven growth intact. Management targets $3.4 billion in annualized AI cloud revenue by end-2026, supporte...
IREN: Why 2.8 GW Of Secured Power Implies Strong Upside
IREN is rated a Strong Buy, driven by its unique power-secured sites and massive AI data center expansion pipeline. IREN's moat stems from scarce, pre-secured grid interconnections and land in West Te...
Why IREN Is Cheap Now
IREN is transitioning from Bitcoin mining to AI cloud services, and I think that will back more durable, high-quality revenue streams. Management targets $3.4B in annualized run-rate revenue by FY26, ...
The Market Rates IREN Limited As Lower Risk Than The Competition
IREN Limited transitions from Bitcoin mining to AI infrastructure, leveraging a $9.7B Microsoft contract to drive future growth. IREN's low-cost Bitcoin mining provides steady cash flow, but AI data c...
IREN: Power To Compute Is Building The Moat (Rating Upgrade)
IREN Limited rallied on its Microsoft deal, then fell over 50% from highs; I'm upgrading to Buy because risk is better priced now for 2026 upside. Microsoft signed a $9.7B, five-year contract, with 20...
IREN: Building Its True Moat For Long-Term Value Creation
IREN Limited transforms from Bitcoin miner to leading vertically integrated AI-infrastructure operator, securing ~3 GW of low-cost, grid-connected power across North America. IREN's early acquisition ...
Crypto stocks split in 2025 as operators rally and balance-sheet plays lag
CNBC's MacKenzie Sigalos reporting on how bitcoin miners tied to AI infrastructure deals outperformed this year, while crypto-treasury names sank under dilution and financing costs.
Crypto stocks split as year ends
CNBC's MacKenzie Sigalos reports on the winners and losers in the crypto trade as 2025 comes to an end.
IREN: Execution Risk Priced In While AI Revenue Scales
IREN shares fell roughly 50% during a tech-wide risk-off move, despite Q1 results confirming improving AI traction and platform execution. The revenue mix is shifting toward AI cloud and HPC, with AI ...
IREN: Big Contract Catalyst
IREN Limited is positioned for strong AI data center growth, anchored by a $9.7 billion Microsoft contract. Despite sector volatility and market skepticism, IREN forecasts $3.4 billion ARR by 2026, le...
IREN Limited: Cheap Power, Expanding Capacity, And Multiple Growth Engines
IREN Limited has surged, consolidating after a peak of $74.15 and now offers renewed upside potential. Revenue growth of 235% over 12 months vastly outpaces peers, supporting a Buy rating. Current 39x...
IREN: Buy The Series Of Unfortunate Events
IREN Limited is down 54% from its high of $76.41, crashing another 10% this Monday morning. The best time to pick up a high-risk, high-reward AI name like IREN is when everyone hates it, and that's wh...
Here's why the IREN stock price has crashed and why it may hit $20 soon
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped f...
Paul Tudor Jones Trims IREN After A 300% Run — AI Story Still Intact
IREN Ltd (NASDAQ: IREN) has been one of the market's most explosive AI infrastructure trades of 2025, riding a dramatic pivot from crypto mining into AI cloud and GPU services. IREN stock is up 285% i...
Why The Next 12-18 Months Are Crucial For IREN's Growth
IREN Limited (IREN) is transitioning from bitcoin mining to an AI infrastructure provider, catalyzed by a $9.7B, 5-year contract with Microsoft. IREN's valuation straddles mining and AI, but future re...
IREN Stock: Helping Solve The AI Power Shortage
The global competition for Artificial Intelligence has encountered a significant structural barrier: electricity. There is simply not enough electricity to support the rapid expansion of computing inf...
IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible Notes
NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of convertible senior notes and repurchase of certain existing convertible ...
IREN stock price is in a bear market: is it safe to buy the dip today?
The IREN stock price has nosedived recently and formed a risky pattern that points to further downside. It dropped to $43 this week, down by over 40% from its highest point this year.
Cramer Groans Over IREN's Convert — But Is This Dilution Actually A Power Play?
IREN Ltd (NASDAQ: IREN) didn't just announce another capital raise — it pulled the pin on a bold balance-sheet transformation that could redefine its trajectory in the AI infrastructure arms race.
Why The Market Just Nuked IREN: This Selloff Makes No Sense
IREN Limited is undergoing a strategic pivot from Bitcoin mining to high-margin, contract-backed AI compute, highlighted by a major Microsoft partnership. Recent stock volatility stems from mechanical...
IREN Just Dropped $2B Of Converts, What Does It Actually Mean?
IREN announced $1B 2032 convertible notes + $1B 2033 convertible notes (with up to $150m extra on each series as a greenshoe). IREN is selling new ordinary shares in a registered direct at the market ...
Iren: A Major AI Infrastructure Growth Winner
Iren Ltd. (IREN) is rapidly transforming into an AI cloud leader, leveraging a $9.7B Microsoft deal and NVIDIA partnership for GPUaaS expansion. IREN's infrastructure scale-up, including major data ce...
IREN Stock, Convertible Notes Offerings Send Shares Lower
IREN Limited. (NASDAQ: IREN) stock dropped in Monday's extended trading after the company announced a registered direct offering of ordinary shares, as well as $1 billion in convertible senior notes d...