IREN Limited (IREN)
| Market Cap | 11.38B |
| Revenue (ttm) | 688.55M |
| Net Income (ttm) | 523.26M |
| Shares Out | 283.47M |
| EPS (ttm) | 1.99 |
| PE Ratio | 20.18 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 35,469,277 |
| Open | 43.34 |
| Previous Close | 43.94 |
| Day's Range | 39.32 - 44.17 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.24 |
| Analysts | Buy |
| Price Target | 72.56 (+80.81%) |
| 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 80.81% from the latest price.
News
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...
2 Things Every Iren Investor Needs to know
Iren has made deals with several tech companies, not just Microsoft. The company is aiming for $3.4 billion in AI cloud annual recurring revenue by the end of 2026.
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 ...
Why IREN Limited Sank Over 21% in November
IREN started the month strong, inking a landmark 5-year cloud deal with Microsoft. However, bonds tied to AI data centers fell in value during the month.
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 ...
Why Iren Stock Plummeted Today
It's not being shy about issuing new debt and equity. It aims to float $2 billion worth of senior convertible notes.
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...
IREN Announces Proposed Convertible Notes Offering
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to offer, subject to market and other conditions, $1 billion aggregate principal amount o...
IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible Notes
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to commence a registered direct offering of ordinary shares (the “Offering”) to a limited...
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...