IREN Limited (IREN)
| Market Cap | 12.40B |
| Revenue (ttm) | 688.55M |
| Net Income (ttm) | 523.26M |
| Shares Out | 328.34M |
| EPS (ttm) | 1.99 |
| PE Ratio | 18.99 |
| Forward PE | 223.76 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 20,914,689 |
| Open | 38.35 |
| Previous Close | 38.30 |
| Day's Range | 37.20 - 39.03 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.24 |
| Analysts | Buy |
| Price Target | 69.20 (+83.21%) |
| Earnings Date | Feb 11, 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 12 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $69.2, which is an increase of 83.21% from the latest price.
News
Crypto stocks split in 2025 as operators rally and balance-sheet plays lag
CNBC's MacKenzie Sigalos reporting on how bitcoin miners tied to AI infrastructure deals outperformed this year, while crypto-treasury names sank under dilution and financing costs.
Crypto stocks split as year ends
CNBC's MacKenzie Sigalos reports on the winners and losers in the crypto trade as 2025 comes to an end.
IREN: Execution Risk Priced In While AI Revenue Scales
IREN shares fell roughly 50% during a tech-wide risk-off move, despite Q1 results confirming improving AI traction and platform execution. The revenue mix is shifting toward AI cloud and HPC, with AI ...
IREN: Big Contract Catalyst
IREN Limited is positioned for strong AI data center growth, anchored by a $9.7 billion Microsoft contract. Despite sector volatility and market skepticism, IREN forecasts $3.4 billion ARR by 2026, le...
IREN Limited: Cheap Power, Expanding Capacity, And Multiple Growth Engines
IREN Limited has surged, consolidating after a peak of $74.15 and now offers renewed upside potential. Revenue growth of 235% over 12 months vastly outpaces peers, supporting a Buy rating. Current 39x...
IREN: Buy The Series Of Unfortunate Events
IREN Limited is down 54% from its high of $76.41, crashing another 10% this Monday morning. The best time to pick up a high-risk, high-reward AI name like IREN is when everyone hates it, and that's wh...
Here's why the IREN stock price has crashed and why it may hit $20 soon
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped f...
Paul Tudor Jones Trims IREN After A 300% Run — AI Story Still Intact
IREN Ltd (NASDAQ: IREN) has been one of the market's most explosive AI infrastructure trades of 2025, riding a dramatic pivot from crypto mining into AI cloud and GPU services. IREN stock is up 285% i...
Why The Next 12-18 Months Are Crucial For IREN's Growth
IREN Limited (IREN) is transitioning from bitcoin mining to an AI infrastructure provider, catalyzed by a $9.7B, 5-year contract with Microsoft. IREN's valuation straddles mining and AI, but future re...
IREN Stock: Helping Solve The AI Power Shortage
The global competition for Artificial Intelligence has encountered a significant structural barrier: electricity. There is simply not enough electricity to support the rapid expansion of computing inf...
IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible Notes
NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of convertible senior notes and repurchase of certain existing convertible ...
IREN stock price is in a bear market: is it safe to buy the dip today?
The IREN stock price has nosedived recently and formed a risky pattern that points to further downside. It dropped to $43 this week, down by over 40% from its highest point this year.
Cramer Groans Over IREN's Convert — But Is This Dilution Actually A Power Play?
IREN Ltd (NASDAQ: IREN) didn't just announce another capital raise — it pulled the pin on a bold balance-sheet transformation that could redefine its trajectory in the AI infrastructure arms race.
Why The Market Just Nuked IREN: This Selloff Makes No Sense
IREN Limited is undergoing a strategic pivot from Bitcoin mining to high-margin, contract-backed AI compute, highlighted by a major Microsoft partnership. Recent stock volatility stems from mechanical...
IREN Just Dropped $2B Of Converts, What Does It Actually Mean?
IREN announced $1B 2032 convertible notes + $1B 2033 convertible notes (with up to $150m extra on each series as a greenshoe). IREN is selling new ordinary shares in a registered direct at the market ...
Iren: A Major AI Infrastructure Growth Winner
Iren Ltd. (IREN) is rapidly transforming into an AI cloud leader, leveraging a $9.7B Microsoft deal and NVIDIA partnership for GPUaaS expansion. IREN's infrastructure scale-up, including major data ce...
IREN Stock, Convertible Notes Offerings Send Shares Lower
IREN Limited. (NASDAQ: IREN) stock dropped in Monday's extended trading after the company announced a registered direct offering of ordinary shares, as well as $1 billion in convertible senior notes d...
IREN Announces Proposed Convertible Notes Offering
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to offer, subject to market and other conditions, $1 billion aggregate principal amount o...
IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible Notes
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced its intention to commence a registered direct offering of ordinary shares (the “Offering”) to a limited...
IREN Limited: A Speculative Gem In The AI Cloud Landscape
IREN is pivoting from Bitcoin mining to an AI cloud and data center business, driving significant investor interest. The company differentiates itself by controlling the entire infrastructure stack, f...
The IREN Rebound Is Starting
IREN secured 3 GW of power capacity, giving it a structural advantage amid nationwide interconnect delays and hyperscaler grid constraints. The Microsoft deal delivers $1.94 billion ARR with ~85% proj...
IREN, Riot, Cipher, Other HPC Stocks Climb After Nvidia's Blockbuster Q3 Report
Shares of AI data center and high-performance computing stocks are climbing after Wednesday's closing bell following a blockbuster third-quarter earnings report from NVIDIA Corp. (NASDAQ: NVDA).
IREN Vs. Cipher: The Former Looks Less Promising
Cipher Mining (CIFR) and IREN Limited (IREN) were pure Bitcoin miners before, and they're now pivoting to AI/data center infrastructure, but with distinct business models and risk profiles. IREN is ag...
AI Data Centers Are Banging on Crypto's Door
Developers desperately need access to electricity—and bitcoin miners are in a prime position to assist.
IREN: ARR Could Grow 6.8x To $3.4B By Year-End 2026
My thesis rests mainly on IREN's AI Cloud ramp: a $9.7B Microsoft deal targeting $1.9B ARR, and total AI Cloud ARR guided to $3.4B by year-end 2026. The moat of IREN is its power contracts. 140K GPUs ...