IREN Limited (IREN)

NASDAQ: IREN · Real-Time Price · USD
8.95
-0.48 (-5.09%)
At close: Jun 5, 2025, 4:00 PM
9.12
+0.17 (1.90%)
Pre-market: Jun 6, 2025, 4:52 AM EDT
-5.09%
Market Cap 2.16B
Revenue (ttm) 377.82M
Net Income (ttm) -35.67M
Shares Out 241.87M
EPS (ttm) -0.18
PE Ratio n/a
Forward PE 9.44
Dividend n/a
Ex-Dividend Date n/a
Volume 14,214,271
Open 9.70
Previous Close 9.43
Day's Range 8.82 - 9.71
52-Week Range 5.13 - 15.92
Beta 3.68
Analysts Strong Buy
Price Target 19.20 (+114.53%)
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 11 analysts, the average rating for IREN stock is "Strong Buy." The 12-month stock price forecast is $19.2, which is an increase of 114.53% from the latest price.

Price Target
$19.2
(114.53% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

IREN May 2025 Monthly Update

SYDNEY, June 05, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for May 2025.

20 hours ago - GlobeNewsWire

A Solid Quarter For IREN Limited, Q3 FY Earnings (Rating Upgrade)

IREN delivered strong Q3-25 results with 172% YoY revenue growth and expanding Bitcoin mining margins, achieving a $24.2 million quarterly profit. The company remains highly dependent on Bitcoin minin...

21 days ago - Seeking Alpha

IREN Limited (IREN) Q3 2025 Earnings Call Transcript

IREN Limited (NASDAQ:IREN) Q3 2025 Earnings Conference Call May 14, 2025 5:00 PM ET Company Participants Mike Power - Director of Investor Relations Daniel Roberts - Co-Founder and Co-Chief Executive...

22 days ago - Seeking Alpha

IREN Reports Q3 FY25 Results

28% Growth in Profit After Tax Horizon 1 AI Data Center on Track for H2 2025 Pausing Mining Expansion at 50 EH/s to Focus on AI Opportunities SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NAS...

22 days ago - GlobeNewsWire

IREN April 2025 Monthly Update

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

4 weeks ago - GlobeNewsWire

IREN to Release Q3 FY25 Results on May 14, 2025

SYDNEY, May 02, 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 nine-months e...

4 weeks ago - GlobeNewsWire

Bitcoin Is Booming, But Miners Like Riot, Iren, Hut 8, TeraWulf Are Flatlining

Bitcoin BTC/USD had a blowout April, rising 15% and closing near $94,300. But for a third straight month, miners with high-performance computing (HPC) ambitions — Iren Ltd IREN, Riot Platforms Inc RIO...

Other symbols: HUTWULF
5 weeks ago - Benzinga

IREN capacity increased to 40 EH/s

SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided an update on its Bitcoin mining expansion. “We're proud to have reached ...

7 weeks ago - GlobeNewsWire

IREN March 2025 Monthly Update

SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for March 2025.

2 months ago - GlobeNewsWire

IREN Business Update

Bitcoin Mining Expansion Paused at 52 EH/s Progressing Debt Financing Workstreams SYDNEY, March 31, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today...

2 months ago - GlobeNewsWire

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,...

2 months 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%...

2 months 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...

2 months 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
3 months 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.

3 months 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...

4 months 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)...

4 months 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.

4 months 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...

4 months 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
4 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
4 months ago - CNBC Television

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.

5 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
5 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 ...

5 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...

6 months ago - GlobeNewsWire