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IREN Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
61.550
Open
61.210
VWAP
59.62
Vol
30.26M
Mkt Cap
20.77B
Low
58.000
Amount
1.80B
EV/EBITDA(TTM)
137.83
Total Shares
357.38M
EV
22.52B
EV/OCF(TTM)
57.37
P/S(TTM)
24.34
IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. The Company is vertically integrated artificial intelligence (AI) Cloud provider, delivering large-scale data centers and graphics processing unit (GPU) clusters for AI training and inference. Its platform is underpinned by its portfolio of grid-connected land and power in regions across North America, Europe and Asia-Pacific (APAC). Its data centers are optimized for power-dense computing applications and support a combination of GPUs for High-Performance Computing (HPC) and AI services and ASICs for Bitcoin mining. Its data center mining facilities are in Sweetwater, Canal Flats, Mackenzie, Prince George, and Childress. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is located on a 10-acre freehold site, directly connected to the BC Hydro power grid through a 30 megawatt (MW).
Show More

Events Timeline

(ET)
2026-06-18
09:00:00
Stock Futures Edge Higher as Apple Plans Price Increase
select
2026-06-03 (ET)
2026-06-03
07:30:00
Iren Signs Transmission Agreement for 800MW Data Center
select

News

seekingalpha
6.0
14:11 PMseekingalpha
Jefferies Initiates Coverage on Iren with Buy Rating and $79 Target
  • Coverage Initiation: Jefferies has initiated coverage on Australian AI infrastructure provider Iren (IREN) with a Buy rating and a price target of $79, indicating strong market optimism regarding its future growth potential.
  • Stock Surge: Iren's shares surged approximately 5% in premarket trading on Thursday, reflecting positive investor sentiment towards its strategic pivot and market positioning, showcasing recognition of its potential revenue generation.
  • Strategic Transformation: Iren has successfully transitioned from a Bitcoin mining operation to a vertically integrated AI cloud provider, boasting a long-term powered land bank of around 6 GW and contracts with Microsoft and Nvidia that are expected to deliver $3.1 billion in annual recurring revenue (ARR), enhancing its competitive edge in the market.
  • Financing Structure: The Microsoft contract includes a $1.9 billion prepayment and $3.65 billion in GPU financing at approximately 6% rates, enabling Iren to recoup its $8.8 billion investment within the contract term at unlevered internal rates of return exceeding 20%, demonstrating its financial robustness and profitability potential.
CNBC
6.0
14:03 PMCNBC
New Fed Chair Speaks, Apple Price Hike Looms
  • New Fed Chair: Kevin Warsh's assertive tone at his first press conference indicates a potential shift in monetary policy, leading to an overreaction in the market, as evidenced by rising futures this morning, which may influence investor sentiment moving forward.
  • Apple Price Increase: Apple plans to raise prices on its iPhone Pro model by approximately $270 due to surging memory costs, while carriers may still offer attractive deals to cushion the impact on consumers, which could affect Apple's competitive positioning in the market.
  • Intel Collaboration News: President Trump announced on social media that Apple has agreed to collaborate with Intel to design and manufacture chips in America, resulting in a surge in Intel's stock price, reflecting a strong support for domestic manufacturing and potential growth opportunities.
  • Marvell Price Target Increase: KeyBanc raised Marvell's price target from $260 to $385, with analysts expressing optimism about the company's prospects in server networking, indicating strong confidence in its future growth potential.
stocktwits
8.5
13:10 PMstocktwits
IREN Transitions to AI Data Center Operator with Strong Analyst Support
  • Analyst Upgrade: Jefferies has upgraded IREN to a ‘Buy’ rating with a price target of $79, anticipating that the company's pivot to AI infrastructure will unlock long-term value for shareholders, contributing to a nearly 4% rise in premarket trading.
  • Significant Contract Potential: Contracts with Microsoft and Nvidia are projected to support approximately $3.1 billion in annual recurring revenue, and IREN's 6 GW land bank and flexible data center ownership provide it with a unique competitive edge in the market.
  • Major Milestones: The landmark 200-megawatt lease agreement with Microsoft and a separate $3.4 billion AI cloud contract with Nvidia signify IREN's successful transition from pure-play crypto mining to AI, with expectations of generating internal rates of return exceeding 20%.
  • Mixed Market Sentiment: While analysts remain broadly positive on IREN, retail investor sentiment has turned mixed, with some expressing frustration over a lack of new contracts, suggesting that the market may be underestimating management's strategic approach.
CNBC
6.0
13:03 PMCNBC
Latest Wall Street Rating Updates
  • Apple Rating Reaffirmed: Bank of America reiterates Apple as a buy, believing that price increases are already reflected in the stock, anticipating that rising memory costs will force Apple to raise prices, impacting future earnings performance.
  • Nice Upgrade: DA Davidson upgrades Nice from neutral to buy, maintaining a $110 price target, arguing that concerns about AI disruption are overblown, suggesting a more optimistic outlook that could boost the company's stock price.
  • Immix Biopharma Initiation: Bank of America initiates coverage of Immix Biopharma with a buy rating and a $27 price target, citing the company's differentiated product offerings as a significant growth driver.
  • Salesforce Upgrade: Monness Crespi Hardt upgrades Salesforce from neutral to buy with a $200 price target, based on its depressed valuation, strong cash flow generation, and support for customer transformation, which are expected to drive stock price increases.
CNBC
6.0
12:03 PMCNBC
Iren's Stock Has Significant Upside Potential with $79 Price Target
  • Unique Market Positioning: Iren's unique positioning in the AI infrastructure sector, with a long-term powered land bank of approximately 6 GW and a vertically integrated GPU cloud approach, enhances its competitive edge.
  • Strong Growth Potential: Jefferies initiated coverage on Iren with a buy rating and set a $79 price target, implying a 36% upside from Wednesday's close, reflecting market confidence in its future growth.
  • Significant Contract Revenue: Contracts secured with hyperscalers like Microsoft and Nvidia are expected to generate $3.1 billion in annual recurring revenue, further solidifying Iren's position in the AI infrastructure market.
  • Analyst Consensus: Among the 15 analysts covering Iren, 10 have assigned buy or strong buy ratings, indicating broad market recognition and trust in its strategic pivot.
Newsfilter
8.5
06-15Newsfilter
IREN Completes Acquisition of Ingenostrum, Expanding into European AI Market
  • Market Expansion: IREN Limited has completed the acquisition of Ingenostrum, S.L. in Spain, marking its entry into the European market with an addition of approximately 490MW of secured power, significantly enhancing its competitive position in the global AI infrastructure sector to meet rapidly growing AI Cloud demand.
  • Team Integration: The acquisition brings over 50 professionals across development, engineering, construction, and operations to IREN, further enhancing its execution capabilities and market responsiveness in AI infrastructure development.
  • Strategic Importance: Spain is identified as a compelling entry point into the European market due to its abundant renewable resources and strong fiber connectivity, with IREN establishing a solid foundation for future business growth through this acquisition.
  • Development Pipeline: Ingenostrum's development pipeline will accelerate IREN's positioning in the AI infrastructure space, enabling the company to swiftly respond to customer demands in a competitive market and drive long-term growth.
Wall Street analysts forecast IREN stock price to rise
12 Analyst Rating
Wall Street analysts forecast IREN stock price to rise
8 Buy
2 Hold
2 Sell
Moderate Buy
Current: 0.000
sliders
Low
39.00
Averages
80.40
High
136.00
Current: 0.000
sliders
Low
39.00
Averages
80.40
High
136.00
Jefferies
Jonathan Petersen
Buy
initiated
$79
AI Analysis
2026-06-18
New
Reason
Jefferies
Jonathan Petersen
Price Target
$79
AI Analysis
2026-06-18
New
initiated
Buy
Reason
Jefferies analyst Jonathan Petersen initiated coverage of Iren with a Buy rating and $79 price target. With an \"extraordinarily large\" long-term powered land bank and a vertically integrated GPU cloud approach, Iren has executed \"a compelling strategic pivot\" and positioned itself in a unique place among AI infrastructure providers, the analyst tells investors. Owning the land and data centers gives Iren \"unique optionality\" to service customers from powered shells to full GPU cloud builds, the analyst added.
B. Riley
Nick Giles
Buy
maintain
$88 -> $96
2026-06-04
Reason
B. Riley
Nick Giles
Price Target
$88 -> $96
2026-06-04
maintain
Buy
Reason
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 agreement for an 800 MW data center in Bundey, South Australia, marking activation of its Australian pipeline tied to the earlier Nvidia (NVDA) partnership, and reinforcing its perceived early-mover advantage in a region where AI compute demand is outpacing infrastructure due to its local execution expertise, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for IREN
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Valuation Metrics

The current forward P/E ratio for IREN Ltd (IREN.O) is 136.99, compared to its 5-year average forward P/E of -45.67. For a more detailed relative valuation and DCF analysis to assess IREN Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-45.67
Current PE
136.99
Overvalued PE
557.82
Undervalued PE
-649.16

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
13.21
Current EV/EBITDA
-12.58
Overvalued EV/EBITDA
42.18
Undervalued EV/EBITDA
-15.75

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.03
Current PS
7.20
Overvalued PS
7.54
Undervalued PS
0.51

Financials

AI Analysis
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Quarterly

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Whales Holding IREN

C
Cathay Securities Investment Trust Co., LTD
Holding
IREN
+62.60%
3M Return
S
Situational Awareness LP
Holding
IREN
+56.62%
3M Return
C
Castleknight Management LP
Holding
IREN
+51.88%
3M Return
Q
Quadrature Capital Limited
Holding
IREN
+39.68%
3M Return
B
BIT Capital GmbH
Holding
IREN
+30.73%
3M Return
C
Cantor Fitzgerald Asset Management
Holding
IREN
+27.51%
3M Return

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Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

The current price of IREN is 59.31 USD — it has increased 2.07

What is IREN Ltd (IREN)'s business?

IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. The Company is vertically integrated artificial intelligence (AI) Cloud provider, delivering large-scale data centers and graphics processing unit (GPU) clusters for AI training and inference. Its platform is underpinned by its portfolio of grid-connected land and power in regions across North America, Europe and Asia-Pacific (APAC). Its data centers are optimized for power-dense computing applications and support a combination of GPUs for High-Performance Computing (HPC) and AI services and ASICs for Bitcoin mining. Its data center mining facilities are in Sweetwater, Canal Flats, Mackenzie, Prince George, and Childress. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is located on a 10-acre freehold site, directly connected to the BC Hydro power grid through a 30 megawatt (MW).

What is the price predicton of IREN Stock?

Wall Street analysts forecast IREN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IREN is80.40 USD with a low forecast of 39.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is IREN Ltd (IREN)'s revenue for the last quarter?

IREN Ltd revenue for the last quarter amounts to 144.79M USD, decreased -0.02

What is IREN Ltd (IREN)'s earnings per share (EPS) for the last quarter?

IREN Ltd. EPS for the last quarter amounts to -0.74 USD, increased 957.14

How many employees does IREN Ltd (IREN). have?

IREN Ltd (IREN) has 257 emplpoyees as of June 18 2026.

What is IREN Ltd (IREN) market cap?

Today IREN has the market capitalization of 20.77B USD.