IREN Limited (IREN)

NASDAQ: IREN · Real-Time Price · USD
42.49
-0.44 (-1.02%)
Feb 11, 2026, 3:53 PM EST - Market open
Market Cap14.12B +552.6%
Revenue (ttm)757.10M +171.2%
Net Income389.74M
EPS1.33
Shares Out 332.28M
PE Ratio31.83
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume34,443,800
Open43.78
Previous Close42.93
Day's Range40.09 - 43.90
52-Week Range5.13 - 76.87
Beta4.28
AnalystsBuy
Price Target64.60 (+52.04%)
Earnings DateFeb 5, 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]

Sector Financials
IPO Date Nov 17, 2021
Employees 257
Stock Exchange NASDAQ
Ticker Symbol IREN
Full Company Profile

Financial Performance

Financial Statements

Analyst Summary

According to 12 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $64.6, which is an increase of 52.04% from the latest price.

Price Target
$64.6
(52.04% upside)
Analyst Consensus: Buy
Stock Forecasts

News

IREN stock price has slumped recently: Is it safe to buy the dip?

IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year.

7 hours ago - Invezz

This gaming stock is rallying into ‘RESISTANCE,' trade expert warns

Simpler Trading VP of options Danielle Shay talks small-cap and value stocks including Roblox and Amazon on ‘Making Money.' #stocks #stockmarket #trading #investing #wallstreet #business #economy #gam...

2 days ago - Fox Business

This IREN Selloff Makes No Sense I'm Buying Aggressively

IREN controls over 4.5 GW of secured power, yet needs only ~460 MW to support $3.4 billion AI ARR by CY26. Approximately $2.3 billion of AI ARR is already contracted, including $1.9 billion from Micro...

4 days ago - Seeking Alpha

Why IREN's Post-Market Selloff Misses The Big Picture

Iren Limited is executing a strategic pivot from Bitcoin mining to contracted AI infrastructure, with AI Cloud revenue up 136% QoQ to $17 million. IREN secured $3.6 billion in GPU financing and $1.9 b...

5 days ago - Seeking Alpha

IREN: Don't Buy This Heavy Dip (Earnings Review)

IREN Ltd. is downgraded to 'Sell' after a sharp Q2 2026 double miss on EPS and revenue. IREN's AI cloud revenue grew 137% QoQ but remains under 10% of total, while Bitcoin mining revenue slumped 28% Q...

5 days ago - Seeking Alpha

IREN Stock Stutters. It's a Story of Crypto Pain and AI Gains.

IREN stock has been hit by concern over its cryptocurrency mining operations, even as it pivots toward artificial-intelligence computing.

5 days ago - Barrons

IREN Limited (IREN) Q2 2026 Earnings Call Transcript

IREN Limited (IREN) Q2 2026 Earnings Call Transcript

5 days ago - Seeking Alpha

IREN Earnings: Caught In The Eye Of The AI Storm

IREN Limited is dropping after reporting Q2 results. Shares are down 11% as the broader AI sector sells off. While IREN stock could recover in the near term, I see it as a long-term Sell.

5 days ago - Seeking Alpha

IREN Stock Sinks After Q2 Earnings: Here's Why

IREN Limited (NASDAQ: IREN) shares dropped in Thursday's extended trading after the company released its second-quarter earnings report, missing analyst estimates on the top and bottom lines.

5 days ago - Benzinga

IREN's $9.7 Billion Microsoft Bet Hits The Earnings Moment Of Truth

IREN Ltd (NASDAQ: IREN) used to dig for Bitcoin (CRYPTO: BTC). Now it wants to mine the cloud.

7 days ago - Benzinga

IREN: Why The AI Transition Still Isn't Fully Priced In

IREN remains a buy ahead of 2Q26 in my book, driven by its transition from Bitcoin mining to AI cloud infrastructure. IREN's AI data center pipeline, expanding margins, and hyperscaler contracts, espe...

8 days ago - Seeking Alpha

IREN Has Become A Buy Ahead Of Earnings (Preview)

IREN Has Become A Buy Ahead Of Earnings (Preview)

9 days ago - Seeking Alpha

IREN: Why I'm Still Bullish Heading Into Earnings

Investors are watching whether contracted ARR continues converting as power activates, not whether reported revenue beats short-term consensus estimates. Sweetwater 1's ~1.4GW energization timeline re...

15 days ago - Seeking Alpha

Thatcher: Markets Seeking Stability & Top Picks in AMZN, IREN, Silver

“All the market wants right now is stability and consistency,” says Ted Thatcher, but volatility continues. He argues that Americans' economic outlook is largely based on their ability to access credi...

Other symbols: AMZNSLV
15 days ago - Schwab Network

IREN Limited (IREN) Price Forecast: Bullish Momentum Builds After Pullback

IREN is forming a bullish continuation pattern after holding key moving averages, with improving momentum and Fibonacci projections pointing toward potential upside beyond $87.

18 days ago - FXEmpire

WallStreetBets 2026 Index—Top 10 Stocks Chosen By Retail

The digital forum that once brought Wall Street to its knees with the GameStop Corp. (NYSE: GME) short squeeze has set its sights on a longer horizon.

19 days ago - Benzinga

IREN to Release Q2 FY26 Results on February 5, 2026

NEW YORK, Jan. 22, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN") today announced that it will release its financial results for the three months ended December 31, 2025, on Thursday, F...

19 days ago - GlobeNewsWire

IREN: 88% Upside Potential As AI Revenue Scales Toward $3.4 Billion ARR

While IREN Limited is not yet a pure-play AI cloud infrastructure provider, it is on the verge of a final transition. 2026 will be the 'year of proof,' where the market shifts its focus from promises ...

21 days ago - Seeking Alpha

Microsoft, Nebius, IREN And More: 5 Stocks Investors Couldn't Stop Buzzing About This Week

Retail investors talked up five hot stocks this week (Jan. 12 to Jan. 16) on X and Reddit's r/WallStreetBets, driven by retail hype, AI buzz, and corporate news flow.

Other symbols: MSFTNBISOKLOQBTS
26 days ago - Benzinga

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...

4 weeks ago - Seeking Alpha

These 8 stocks could form the backbone of AI as chips get more powerful

Beyond obvious AI plays like Nvidia, experts see opportunity in shares of infrastructure companies, some of which remain cheap.

4 weeks ago - Market Watch

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...

4 weeks ago - Seeking Alpha

Bitcoin Miners Shift From Crypto to AI Data Centers

Bitcoin miners are undergoing a transformation that could redefine the sector. Companies may shift from cryptocurrency mining to high-performance computing infrastructure.

5 weeks ago - ETF Trends

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, ...

5 weeks ago - Seeking Alpha

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...

5 weeks ago - Seeking Alpha