IREN Limited (IREN)
| Market Cap | 11.98B |
| Revenue (ttm) | 688.55M |
| Net Income (ttm) | 523.26M |
| Shares Out | 283.47M |
| EPS (ttm) | 1.99 |
| PE Ratio | 21.25 |
| Forward PE | 296.77 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 50,643,225 |
| Open | 42.86 |
| Previous Close | 43.47 |
| Day's Range | 39.52 - 44.48 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.22 |
| Analysts | Buy |
| Price Target | 70.89 (+67.75%) |
| 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 $70.89, which is an increase of 67.75% from the latest price.
News
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...
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...
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...
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...
IREN's AI Takeover Begins
IREN secured a $9.7 billion, five-year AI Cloud contract with Microsoft covering 200MW and 20% upfront payment. The company controls nearly 3GW of power, with 810MW operational across British Columbia...
This Bitcoin Miner's Stock Is Soaring on a $9.7B AI Data Center Deal With Microsoft
IREN (IREN) shares jumped to an all-time high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft (MSFT).
IREN Stock: Ride The Wave, But This Is A Long-Term Sell
IREN Limited is up 18% after securing a deal with Microsoft. The agreement puts IREN on the map and secures ~$2 billion in ARR. Despite current hype, IREN lacks a long-term economic moat and remains v...
IREN's 500% Stock Boom Hands Paul Tudor Jones An Eight-Figure Windfall
Bitcoin (CRYPTO: BTC) mining stocks don't usually mint Wall Street legends a fresh fortune — but IREN Ltd (NASDAQ:IREN) just did.
IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next?
IREN Ltd (NASDAQ:IREN) and Cipher Mining Inc. (NASDAQ:CIFR) burst into the spotlight on Monday with multi-billion-dollar deals that are reshaping the AI infrastructure arms race.
Microsoft to Buy AI Computing Power From IREN for $9.7 Billion
Microsoft Corp. has signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company's largest customer.
IREN stock jumps 20% on $9.7B AI cloud deal with Microsoft
Data centre operator IREN announced on Monday that it has signed a five-year, $9.7 billion cloud services agreement with Microsoft, giving the technology giant access to Nvidia's GB300 processors. The...
IREN Stock Soars 25%. It's All About These AI Deals With Microsoft and Dell.
The five-year agreement will give Microsoft access to more Nvidia chips.