Iris Energy Limited (IREN)

NASDAQ: IREN · IEX Real-Time Price · USD
4.94
+0.09 (1.96%)
At close: Nov 30, 2023, 4:00 PM
4.95
+0.02 (0.30%)
After-hours: Nov 30, 2023, 7:59 PM EST
1.96%
Market Cap 331.09M
Revenue (ttm) 54.24M
Net Income (ttm) -118.53M
Shares Out 67.09M
EPS (ttm) -207.23
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,945,206
Open 4.97
Previous Close 4.84
Day's Range 4.80 - 5.27
52-Week Range 1.02 - 8.06
Beta 2.28
Analysts Strong Buy
Price Target 8.92 (+80.75%)
Earnings Date Dec 12, 2023

About IREN

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia. [Read more]

Industry Capital Markets
Sector Financials
IPO Date Nov 17, 2021
Employees 100
Stock Exchange NASDAQ
Ticker Symbol IREN
Full Company Profile

Financial Performance

In 2023, Iris Energy's revenue was 78.65 million, an increase of 33.19% compared to the previous year's 59.05 million. Losses were -171.87 million, -59.06% less than in 2022.

Financial numbers in AUD Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for IREN stock is "Strong Buy." The 12-month stock price forecast is $8.92, which is an increase of 80.75% from the latest price.

Price Target
$8.92
(80.75% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Iris Energy Increases Mining Capacity to 8.3 EH/s

Expansion on track to 10 EH/s SYDNEY, Australia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner...

15 hours ago - GlobeNewsWire

Iris Energy to Host an Investor Update Call on November 21, 2023

SYDNEY, Australia, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional...

13 days ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for October 2023

Partnership with WEKA to optimize generative AI workloads Near-term expansion on track to 9.4 EH/s SYDNEY, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy...

23 days ago - GlobeNewsWire

Iris Energy Partners with WEKA to Optimize Generative AI Workloads

SYDNEY, Australia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional...

5 weeks ago - GlobeNewsWire

Iris Energy Increases Mining Capacity by 25% to 7.0 EH/s

SYDNEY, Australia, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional...

7 weeks ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for September 2023

Low-cost power, 30 EH/s Bitcoin mining program 80MW expansion at Childress on track SYDNEY, Australia, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Compa...

2 months ago - GlobeNewsWire

Iris Energy Reports Full Year FY23 Results

SYDNEY, Australia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutiona...

2 months ago - GlobeNewsWire

Iris Energy to Release FY23 Results and Host Conference Call on September 13, 2023

SYDNEY, Australia, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutiona...

2 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for August 2023

Negative 8c Power at Childress in August Targeting Next-Gen Compute and Generative AI with NVIDIA H100 GPUs SYDNEY, Australia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("I...

3 months ago - GlobeNewsWire

Iris Energy Purchases NVIDIA H100 GPUs to Target Generative AI

SYDNEY, Australia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional...

3 months ago - GlobeNewsWire

Limited recourse equipment financing update

SYDNEY, Australia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin ...

3 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for July 2023

Record data center operations at 111°F (44°C) Appointment of Sunita Parasuraman to Board of Directors SYDNEY, Australia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Ene...

4 months ago - GlobeNewsWire

Iris Energy Announces Appointment of Sunita Parasuraman to Board of Directors

SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin ...

4 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for June 2023

Further validation of revitalized HPC strategy Record operating hashrate of 5.6 EH/s Expansion plan to 9.1 EH/s SYDNEY, Australia, July 07, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ...

5 months ago - GlobeNewsWire

Iris Energy Announces 9.1 EH/s Expansion Plan and Revitalization of HPC Strategy

SYDNEY, Australia, June 20, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of i...

5 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for May 2023

Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASD...

6 months ago - GlobeNewsWire

Iris Energy Announces Appointment of New Accounting Firm

SYDNEY, Australia, May 22, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of in...

6 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for April 2023

Increase in self-mining capacity to 5.5 EH/s complete First 20MW Childress data center operational Investor update call to be held on May 10 SYDNEY, Australia, May 05, 2023 (GLOBE NEWSWIRE) -- Iris En...

7 months ago - GlobeNewsWire

Iris Energy to Provide Investor Update on May 10, 2023

SYDNEY, Australia, May 03, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin m...

7 months ago - GlobeNewsWire

Iris Energy provides 5.5 EH/s installation update

5.2 EH/s operating, remaining 0.3 EH/s pending installation First 20MW Childress data center operational

7 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for March 2023

Operating capacity increased by 79% to 3.1 EH/s

8 months ago - GlobeNewsWire

Iris Energy Announces Monthly Investor Update for February 2023

Increasing self-mining capacity from 2.0 EH/s to 5.5 EH/s

9 months ago - GlobeNewsWire

Iris Energy Reports Second Quarter FY23 Results

SYDNEY, Australia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional...

10 months ago - GlobeNewsWire

Iris Energy Limited Class Action: Levi & Korsinsky Reminds Iris Energy Limited Investors of The Pending Class Action Lawsuit With a Lead Plaintiff Deadline of February 13, 2023 - IREN

New York, New York--(Newsfile Corp. - February 13, 2023) - Levi & Korsinsky, LLP notifies investors in Iris Energy Limited ("Iris Energy Limited" or the "Company") (NASDAQ: IREN) of a class action sec...

10 months ago - Newsfile Corp