IREN Limited (IREN)
| Market Cap | 16.26B |
| Revenue (ttm) | 501.02M |
| Net Income (ttm) | 86.94M |
| Shares Out | 271.98M |
| EPS (ttm) | 0.39 |
| PE Ratio | 153.26 |
| Forward PE | 60.85 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 72,841,066 |
| Open | 67.88 |
| Previous Close | 63.85 |
| Day's Range | 58.02 - 70.05 |
| 52-Week Range | 5.13 - 70.05 |
| Beta | 4.20 |
| Analysts | Buy |
| Price Target | 42.63 (-28.68%) |
| Earnings Date | Nov 25, 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 10 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $42.63, which is a decrease of -28.68% from the latest price.
News
IREN's Rally Isn't Over - It's Entering A New Phase
IREN's stock surged to $60 as it transformed from a Bitcoin miner to a vertically integrated AI infrastructure utility. Fiscal 2025 revenue grew 168% to $501 million, with adjusted EBITDA up nearly 40...
IREN Stock's 50% Spike Powered By Nvidia GPUs
IREN Ltd (NASDAQ:IREN) stock has surged more than 50% since late September when the company announced a game-changing purchase of GPUs that catapulted it into the spotlight of the AI cloud computing b...
IREN: A 10x Growth Story Following A Textbook Pivot From Bitcoin Mining To AI Cloud
I see IREN Limited as a speculative buy, driven by its pivot from crypto mining to AI data center compute, with a 10x ARR growth in this segment. IREN's AI Cloud business targets $500M ARR by Q1 FY26,...
IREN Stock Hits New 52-Week High: What's Driving The Action?
IREN Ltd (NASDAQ:IREN) shares surged to a new 52-week high on Thursday. The rally underscores soaring investor confidence in the company's pivot from Bitcoin mining to the booming artificial intellige...
IREN Prices $875 Million Convertible Notes Offering
NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the pricing of its offering of $875 million aggregate principal amount of 0.00% convertible senior note...
IREN Announces Proposed Convertible Notes Offering
NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to offer, subject to market and other conditions, $875 million aggregate principal amount...
IREN Secures New Multi-Year AI Cloud Contracts
NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed additional multi-year cloud services contracts with leading AI companies for NVIDIA Black...
IREN's Stock Rally Is Just Getting Started
IREN Limited is rated a "Buy" due to its transformation from Bitcoin mining to AI cloud and data center services. IREN is rapidly expanding its GPU fleet, aiming to shift its revenue mix from volatile...
IREN Stock Hits All-Time High—Still A 'Picasso At A Garage Sale'
IREN Limited (NASDAQ:IREN) shares reached a new all-time high on Friday after the stock climbed more than 21% this week driven by retail investor optimism.
Top 3 data center stocks to buy as BlackRock nears deal to buy Aligned
Data center stocks have done well in the past few years as demand for computing powers jumped. This growth may continue in the coming years as analysts predict robust spending in the industry.
IREN: Juggernaut In The Making
IREN (IREN) is rapidly scaling datacenter capacity, leveraging vertical integration and standardized modular designs for unmatched efficiency and speed. IREN's AI cloud business is poised for signific...
BTC To AI: IREN Stock Compelling After Sell Off?
IREN stock (NASDAQ: IREN), which is the largest publicly listed Bitcoin miner that has shifted its focus to AI cloud computing, has emerged as one of the most notable stocks of 2025, increasing nearly...
IREN Timed Its AI Pivot To Perfection
IREN Limited is well-positioned after pivoting from crypto mining to AI cloud services, leveraging its substantial GPU infrastructure. The crypto miner's AI business is rapidly scaling, with managemen...
IREN's Bull Run Faces Its Next Test
IREN's stock is up 380% year-to-date, with an additional 80% gain since prior coverage, reflecting massive AI-driven momentum. The company purchased $674 million in Nvidia and AMD GPUs, doubling its f...
IREN: From Bitcoin Powerhouse To AI Cloud Contender
IREN (Iris Energy) is rapidly scaling as both a top-tier bitcoin miner and a credible AI cloud infrastructure provider. IREN's AI cloud business is gaining momentum, with NVIDIA Preferred Partner stat...
Here's why the soaring IREN stock price may crash soon
The IREN stock price has gone parabolic this year, moving from a low of $5.17 in April to $47 today. This surge has pushed its market capitalization from about $1 billion to over $12.7 billion.
IREN: Bitcoin Miner With AI Ambitions
IREN is now focusing on building on top of its Bitcoin mining core revenues with AI infrastructure. They're targeting over $500 million in AI Cloud ARR by Q1 2026. For now, Bitcoin mining remains thei...
IREN Stock Gains 510%—Is More Upside Possible?
IREN Limited IREN shares have skyrocketed an extraordinary 510% over the past six months, prompting investors to ask whether there is still more upside ahead.
IREN: Doubled AI GPUs, Revenue Is Next
IREN Limited doubled its AI GPU fleet to 23,000 GPUs, more than doubling its target of 10,900 by year's end. IREN's expansion primarily leverages Blackwell series Nvidia GPUs giving it a pricing edge ...
IREN Doubles AI Cloud to 23k GPUs, Raises AI Cloud ARR Target to >$500m
NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has doubled its AI Cloud capacity to 23k GPUs following the procurement of an additional 12.4k GPUs...
Building "A.I. Economy:" GOOGL, MSFT & Other "Stage 2" Winners
Kim Forrest believes A.I. investors had their expectations set too high when it came to the evolving tech.
The Big 4: OPEN, RKT, WULF, IREN
@Stockstotrade's Tim Bohen breaks the format of the Big 3 and gives us four stocks he believes investors need to watch. He says Opendoor (OPEN) still holds potential on a pullback despite its paraboli...
IREN stock price forecast: is it a good AI infrastructure play?
IREN stock price has been in a strong bull run in the past few months, moving from a low of $5.17 in April to nearly $30 today. Its market capitalization has jumped from $1.1 billion to $7.25 billion,...
IREN Appoints Anthony Lewis as Chief Financial Officer
NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN” or “the Company”) today announced the appointment of Anthony Lewis as Chief Financial Officer.