IREN Limited (IREN)
| Market Cap | 20.31B +1,213.3% |
| Revenue (ttm) | 757.07M +104.8% |
| Net Income | 158.05M |
| EPS | 0.54 |
| Shares Out | 357.38M |
| PE Ratio | 104.62 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 36,358,440 |
| Open | 57.94 |
| Previous Close | 58.06 |
| Day's Range | 55.56 - 58.82 |
| 52-Week Range | 8.28 - 76.87 |
| Beta | 4.18 |
| Analysts | Buy |
| Price Target | 75.00 (+31.97%) |
| Earnings Date | May 7, 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]
Financial Performance
Financial StatementsAnalyst Summary
According to 14 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $75.0, which is an increase of 31.97% from the latest price.
News
IREN’s Multi-Billion-Dollar Nvidia Deal Proves That Physical Data Centers Control the Future of AI
A massive new tech agreement shows that physical data centers control the future of AI. The situation prompted the infrastructure company IREN ($IREN) to sign a $3.4 billion Nvidia ($NVDA)…
Traders bet against CoreWeave, Nebius, IREN stocks despite strong growth
Neocloud companies are reporting some of the best financial results this year as the artificial intelligence boom accelerates. Despite this, Wall Street traders are betting against some of the top nam...
Why CoreWeave (CRWV), Nebius (NBIS), and Iren Stocks Are Rising Today, 5/21/26
Shares in AI cloud companies CoreWeave ($CRWV), Nebius ($NBIS), and Iren Limited ($IREN) are up in Thursday’s pre-market session after chipmaking giant Nvidia ($NVDA) delivered another solid earnings ...
The world will need an ENORMOUS amount of compute infrastructure: IREN co-CEO
IREN co-founder and co-CEO Dan Roberts discusses the evolution of neoclouds and their role in data centers on ‘Making Money.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #maki...
Why Is IREN Stock Up 10% Today, 5/20/26?
Shares in Australian AI cloud company Iren Limited ($IREN) climbed by more than 10% on Wednesday afternoon, reversing losses from over the past few days. While there is no exact…
Mixed options sentiment in Iris Energy with shares down 5.25%
Mixed options sentiment in Iris Energy (IREN), with shares down $2.65 near $47.81. Options volume relatively light with 239k contracts traded and calls leading puts for a put/call ratio of…
IREN CEO: Have Great Relationship With Dell and Nvidia
IREN, a vertically integrated AI cloud provider, recently announced a strategic partnership with Nvidia for up to $2.1 billion as part of a broader agreement between the two companies aimed at acceler...
Iren Stock Rises on Surprising Acquisition
Iren’s ($IREN) shares edged higher early Monday after the Australian AI neocloud company made an offbeat bet: it has just acquired Awaken, a creative and media agency. The rise in…
Iren acquires Awaken, terms undisclosed
Iren (IREN) announced the acquisition of Awaken. As part of the transaction, Awaken will cease independent operations and senior members of the team will join Iren under executive employment agreement...
IREN Acquires Awaken to Support Global Brand Growth
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the acquisition of Awaken, a creative and media agency specializing in content strategy and brand develo...
Why Iren Stock Is Falling Today, 5/15/26
Shares in Iren Limited ($IREN) dropped 6% on Friday morning following the Sydney-based AI cloud company’s $3 billion convertible note offering. Investors are likely concerned about share dilution. Ire...
IREN Closes $3.0 Billion Convertible Notes Offering
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes...
Crypto ETFs: Blockchain Equities Reemerge
Crypto equity ETFs (or blockchain ETFs) were once one of the main ways to access the crypto theme in an ETF wrapper. That changed after the January 2024 approval of spot bitcoin ETPs, which gave inves...
IREN Was Built on Bitcoin. Now It Is Betting Big on AI and Nvidia (NVDA)
IREN Limited ($IREN) is in the middle of a major transformation from a Bitcoin (BTC-USD) miner to an artificial intelligence (AI) infrastructure solutions provider. The AI data center business headqua...
Mixed options sentiment in Iris Energy with shares up 2.64%
Mixed options sentiment in Iris Energy (IREN), with shares up $1.46, or 2.64%, near $56.60. Options volume roughly in line with average with 262k contracts traded and calls leading puts…
IREN Prices Upsized $2.6 Billion Convertible Notes Offering
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes...
Moderately bullish activity in Iris Energy with shares down 9.72%
Moderately bullish activity in Iris Energy (IREN), with shares down $5.95 near $55.25. Options volume running well above average with 501k contracts traded and calls leading puts for a put/call…
Why Is Iren Stock Falling Today despite the Nvidia Deal?
Shares in Iren Limited ($IREN) dropped about 4% on Monday afternoon despite its $5.5 billion AI infrastructure deal with top chipmaker Nvidia ($NVDA). The drop comes as the Australian AI…
Iren's stock pulls back as investors assess the steep price of the AI buildout
Iren will take on debt in the wake of its new Nvidia partnership. One analyst said Monday's stock drop is an overreaction.
IREN Announces Proposed Convertible Notes Offering
NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to offer, subject to market and other conditions, $2 billion aggregate principal amount of...
Iren price target raised to $46 from $39 at JPMorgan
JPMorgan raised the firm’s price target on Iren (IREN) to $46 from $39 and keeps an Underweight rating on the shares. The firm says the company continues to make progress…
IREN Explodes 40% in 5 Days — Here’s Who Owns the Stock
AI cloud company Iren Limited’s ($IREN) shares are up more than 40% over the past five days, with the stock exploding following its $5.5 billion AI infrastructure deal with chipmaking…
This Bitcoin Miner's Pivot to AI Just Won a Fresh Vote of Confidence From Nvidia
Iren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company.
Nvidia to invest up to $2.1 billion in IREN AI infrastructure deal
Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power conti...
IREN Secures $3.4bn AI Cloud Contract with NVIDIA
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA.