IREN Limited (IREN)
| Market Cap | 21.36B +896.8% |
| Revenue (ttm) | 757.07M +104.8% |
| Net Income | 158.05M |
| EPS | 0.54 |
| Shares Out | 357.38M |
| PE Ratio | 110.03 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 45,097,556 |
| Open | 56.51 |
| Previous Close | 56.71 |
| Day's Range | 55.94 - 61.40 |
| 52-Week Range | 9.52 - 76.87 |
| Beta | 4.23 |
| Analysts | Buy |
| Price Target | 81.07 (+35.64%) |
| 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 15 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $81.07, which is an increase of 35.64% from the latest price.
News
Why IREN Stock Is Lagging Behind Its Peers CoreWeave and Nebius Today — June 12, 2026
Shares in Iren Limited ($IREN), an Australian AI cloud company, trailed behind rivals CoreWeave ($CRWV) and Nebius ($NBIS), whose shares jumped more than 5% during Friday’s pre-market session. The lat...
IREN Stock Soars 10% despite Hold Rating over Delayed AI Revenue
Iren Limited’s ($IREN) shares climbed by 10% during Thursday’s regular trading despite Needham slapping a Hold rating on the Australian AI cloud company over its delayed AI revenue. Needham analyst…
Iren Stock Rallies on ‘Nvidia Blessing’ and Wall Street-High Price Target
Shares in AI cloud company Iren Limited ($IREN) climbed another 2% on Tuesday morning after jumping by roughly 9% the previous day. This came after Bernstein described Iren’s two-part $5.5…
Why Is Iren Stock Rising Today, 6/8/2026?
Shares in Iren Limited ($IREN) and other AI cloud infrastructure and Bitcoin mining companies jumped on Monday afternoon as Bitcoin’s (BTC) price rose about 2% over the past 24 hours,…
Why Is Iren Stock Plunging Today, 6/5/2026?
Shares in Iren Limited ($IREN), the Australian AI cloud company and Bitcoin miner, tumbled by 14% on Friday afternoon amid the rout facing Bitcoin (BTC), the foremost digital currency. While…
Iren Stock Sinks despite Analysts Flagging ‘First Mover’ Advantage in Australia
Shares in AI cloud company Iren Limited ($IREN) dropped about 7% on Thursday afternoon despite analysts backing its plan to build its first data center campus in Australia, its home…
Iren price target raised to $96 from $88 at B. Riley
B. Riley analyst Nick Giles raised the firm’s price target on Iren (IREN) to $96 from $88 and keeps a Buy rating on the shares. Iren signed a transmission connection…
Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast
Bitcoin prices fell this week after cryptocurrency treasury company Strategy revealed it sold a small amount of its bitcoin holding. Traders on prediction market Kalshi think it's likely that the cryp...
Iren Stock Jumps as AI Company Returns Home for Latest Growth Push
Iren’s ($IREN) shares rose about 4% after the data center operator announced its home base in Australia as the site of its newest planned 800-megawatt data center campus. This comes…
IREN Stock Gains an Edge Over the AI Infrastructure Pack – Canaccord Explains Why
IREN (NASDAQ:IREN) has been a recent market favorite, with shares of the bitcoin miner-turned data center operator up by 649% over the past year. The stock is grabbing headlines again…
Iren announces planned 800MW data center campus in South Australia
Iren (IREN) announced the signing of a transmission connection agreement to support a planned 800MW data center campus in Bundey, South Australia. This marks Iren’s first announced Australian data cen...
Iren price target raised to $79 from $70 at Canaccord
Canaccord raised the firm’s price target on Iren (IREN) to $79 from $70 and keeps a Buy rating on the shares. The firm updated its model following the announcement of…
IREN Announces First Australian Data Center Campus - 800MW in South Australia
NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the signing of a transmission connection agreement to support a planned 800MW data center campus in Bun...
Iren Stock Sees Modest Gain despite $3.7B Capital Raise for Microsoft Deal — Here’s Why
Iren Limited’s ($IREN) shares ended Monday’s trading roughly 3% higher after the Australian AI cloud company disclosed closing the $3.65 billion financing package it recently secured for its $9.7 bill...
Iren Stock Drops despite Advancing Plans to Roll Out Nvidia (NVDA) Chips to Expand Its Fleet
Iren Limited ($IREN) edged lower in Monday’s pre-market session despite the Australian AI cloud company announcing its tie-up with Texas-based BE Networks to test the digital twin of its infrastructur...
IREN Closes $3.65bn Investment-Grade GPU Financing
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has closed a $3.65bn investment-grade GPU financing facility to support the delivery of its AI Cloud...
BE Networks, Iren accelerate deployment of AI factory with Nvidia DSX Air
BE Networks announced that it is working with Iren (IREN) to leverage Nvidia (NVDA) DSX Air to simulate and validate the network architecture supporting IREN’s upcoming deployment of more than…
IREN and BE Networks Accelerate Deployment of Large-Scale AI Factory with NVIDIA DSX Air
High fidelity simulation environment will help validate large NVIDIA GPU AI infrastructure before physical deployment NEW YORK, June 1, 2026 /PRNewswire/ -- BE Networks, a leading provider of networki...
Iren Has ‘a Lot of Capacity to Sell,’ Five-Star Analyst Says as Stock Drops
Iren Limited’s ($IREN) shares dropped over 2% on Friday morning, extending their 5%+ decline from Thursday. This came despite Cantor Fitzgerald’s five-star analyst Brett Knoblauch turning more bullish...
Iren price target raised to $99 from $77 at Cantor Fitzgerald
Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Iren (IREN) to $99 from $77 and keeps an Overweight rating on the shares. Iren’s recent Microsoft (MSFT) deal,…
IREN jumps 13% as Dell Blackwell deal supercharges AI push
Shares of IREN Limited rose 13% on Wednesday after the company announced a $1.6 billion purchase agreement with Dell Technologies for Nvidia-powered Blackwell systems aimed at expanding its artificial...
IREN to buy Blackwell systems from Dell for about $1.6 billion
Data center operator IREN said on Tuesday it has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion, as it aims to bring more capacity online to keep up with soarin...
IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress
NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has entered into a purchase agreement with Dell for air-cooled Blackwell systems to service its previ...
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...