IREN Limited (IREN)

NASDAQ: IREN · Real-Time Price · USD
6.46
-0.25 (-3.73%)
Mar 27, 2025, 4:00 PM EST - Market closed
-3.73%
Market Cap 1.41B
Revenue (ttm) 285.77M
Net Income (ttm) -51.25M
Shares Out 218.94M
EPS (ttm) -0.31
PE Ratio n/a
Forward PE 5.95
Dividend n/a
Ex-Dividend Date n/a
Volume 9,556,267
Open 6.53
Previous Close 6.71
Day's Range 6.30 - 6.77
52-Week Range 4.15 - 15.92
Beta 3.65
Analysts Strong Buy
Price Target 18.45 (+185.6%)
Earnings Date May 14, 2025

About IREN

IREN Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is headquartered in Sydney, Australia. [Read more]

Industry Capital Markets
Sector Financials
IPO Date Nov 17, 2021
Employees 144
Stock Exchange NASDAQ
Ticker Symbol IREN
Full Company Profile

Financial Performance

In 2024, IREN Limited's revenue was $188.76 million, an increase of 149.98% compared to the previous year's $75.51 million. Losses were -$28.96 million, -83.15% less than in 2023.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for IREN stock is "Strong Buy." The 12-month stock price forecast is $18.45, which is an increase of 185.60% from the latest price.

Price Target
$18.45
(185.60% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Undercovered ETFs: Managed Futures, India, Europe, Value +

The 'Undercovered' Dozen series highlights lesser-known ETFs featuring in-depth analyses and offering unique investment opportunities for investors. The Mount Lucas Managed Futures Index Strategy ETF,...

8 days ago - Seeking Alpha

IREN Wasn't On My Radar, But It Should've Been

IREN Limited (IREN) is a Bitcoin miner and AI cloud provider, focusing on renewable energy to reduce costs and maintain profitability. Despite underperforming Bitcoin overall, IREN has gained over 50%...

8 days ago - Seeking Alpha

IREN Secures 2.75GW for Data Centers in West Texas with New 600MW Grid Connection Agreement

SYDNEY, March 17, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today announced the signing of a 600MW grid connection agreement for Sweetwater 2, adva...

10 days ago - GlobeNewsWire

Bitcoin Miners Ride The BTC Boom, But Costs Tell A Different Story: JPMorgan Analyst

Bitcoin BTC/USD miners just had one of their best quarters on record, but the real winners aren't just those mining the most coins – it's those keeping costs in check.

Other symbols: CIFRCLSKMARARIOT
14 days ago - Benzinga

IREN February 2025 Monthly Update

SYDNEY, March 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for February 2025.

21 days ago - GlobeNewsWire

IREN Limited (IREN) Q2 2025 Earnings Call Transcript

IREN Limited (NASDAQ:IREN) Q2 2025 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Lincoln Tan - Director of IR Daniel Roberts - Co-Founder and Co-CEO Belinda Nucifora - CF...

6 weeks ago - Seeking Alpha

IREN Reports Q2 FY25 Results

Record Revenue, $53.7m Operating Cashflow, $18.9m NPAT 75MW Liquid-Cooled Childress Data Center for AI / HPC (“Horizon 1”) Developing New 600MW Sweetwater 2 Site SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE)...

6 weeks ago - GlobeNewsWire

IREN January 2025 Monthly Update

SYDNEY, Feb. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for January 2025.

7 weeks ago - GlobeNewsWire

IREN to Release Q2 FY25 Results on February 12, 2025

SYDNEY, Feb. 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and six-months e...

7 weeks ago - GlobeNewsWire

Bitcoin miners try to rebound from choppy market

CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the mixed recovery for bitcoin miners.

Other symbols: BTDRCLSKCORZMARA
2 months ago - CNBC Television

Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners

Brett Knoblauch, Cantor Fitzgerald head of digital asset research, joins 'Power Lunch' to discuss the energy needed to power AI in Stargate deal and the winners from it.

Other symbols: HUTRIOTWULF
2 months ago - CNBC Television

IREN Business Update

57 EH/s, direct-to-chip liquid cooling, 1.4GW Sweetwater project & multi-gigawatt pipeline 57 EH/s, direct-to-chip liquid cooling, 1.4GW Sweetwater project & multi-gigawatt pipeline

2 months ago - GlobeNewsWire

IREN December 2024 Monthly Update

SYDNEY, Jan. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for December 2024.

2 months ago - GlobeNewsWire

Bitcoin, crypto stocks slide after post-election rally

CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the slide in crypto and bitcoin.

Other symbols: CLSKCOINMSTR
3 months ago - CNBC Television

IREN Achieves 31 EH/s Year-End Target

SYDNEY, Dec. 23, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”) today announced it has reached its year-end target of 31 EH/s installed ...

3 months ago - GlobeNewsWire

IREN closes $440 million convertible notes offering

SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convert...

3 months ago - GlobeNewsWire

IREN November 2024 Monthly Investor Update

SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly investor update for November 2024.

3 months ago - GlobeNewsWire

DEADLINE TOMORROW: The Schall Law Firm Invites Shareholder Participation In A Fraud Case Against Iris Energy Limited

LOS ANGELES, CA / ACCESSWIRE / December 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Iris Energy Limited ("Iris" or...

4 months ago - Accesswire

Iris Energy Limited Is Being Sued For Violating Securities Laws And Impacted Investors Are Encouraged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / December 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Iris Energy Limited ("Iris" or...

4 months ago - Accesswire

IREN prices upsized $400 million convertible notes offering

SYDNEY, Dec. 04, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the pricing of its offering of $400 million aggregate principal amount of 3.25% convert...

4 months ago - GlobeNewsWire

IREN announces proposed convertible notes offering

SYDNEY, Dec. 03, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced its intention to offer, subject to market and other conditions, $300 million aggregate ...

4 months ago - GlobeNewsWire

The Schall Law Firm Invites Stockholder Contributions To A Fraud Case Against Iris Energy Limited

LOS ANGELES, CA / ACCESSWIRE / December 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Iris Energy Limited ("Iris" or...

4 months ago - Accesswire

DEADLINE THIS WEEK: Berger Montague Advises Iris Energy Limited (NASDAQ: IREN) Investors to Contact the Firm Before December 6, 2024

PHILADELPHIA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Iris Energy Limited (“Iris” or the “Company”) (NASD...

4 months ago - GlobeNewsWire

Iris Energy Limited Is Being Sued For Violating Securities Laws And Investors With Losses Are Urged To Contact The Schall Law Firm

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Iris Energy Limited ("Iris" or "the Company") (NASDAQ:IREN) for violations of 10...

4 months ago - Accesswire

IREN capacity increased by 33% to 28 EH/s

Childress Phase 3 substation energized On-track for 31 EH/s this month SYDNEY, Dec. 02, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”) t...

4 months ago - GlobeNewsWire