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IREN Overview

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$
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
64.681
Open
64.500
VWAP
62.99
Vol
20.08M
Mkt Cap
24.24B
Low
60.730
Amount
1.26B
EV/EBITDA(TTM)
159.12
Total Shares
357.38M
EV
25.99B
EV/OCF(TTM)
66.23
P/S(TTM)
28.41
IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.
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Events Timeline

(ET)
2026-05-27
16:00:00
Iris Energy Shares Rise 13.2% to $67.67
select
2026-05-27
11:10:00
SoFi Technologies Launches SoFiUSD Stablecoin for 15M Users
select
2026-05-18 (ET)
2026-05-18
07:10:00
Iren Acquires Awaken, CEO Joins New Team
select

News

CNBC
8.5
05-28CNBC
Aschenbrenner's Major Investment in Nebius Sparks Wall Street Attention
  • Portfolio Highlight: Aschenbrenner's hedge fund, Situational Awareness, holds 12.4 million Class A shares of Nebius, representing a 5.6% stake, making it the fund's largest equity investment, reflecting strong confidence in the cloud computing sector.
  • Fund Size and Background: As of the end of March, Situational Awareness reported approximately $4 billion in investments, and despite Aschenbrenner's lack of professional money management experience, the fund has garnered support from several prominent tech and investment figures, indicating its potential in the AI space.
  • Diverse Investment Strategy: The fund invests not only in publicly traded companies expected to benefit from AI adoption but also backs startups like Anthropic, while also taking smaller short positions against industries that may be disrupted by AI, showcasing its adaptive market response capabilities.
  • Market Risk Management: Situational Awareness disclosed sizable put-option positions linked to Nvidia, Broadcom, and others, indicating a proactive approach to hedge against overheated market risks while pursuing returns, ensuring the stability of its investment portfolio.
Fool
7.5
05-28Fool
IREN Limited Strikes $1.6 Billion Deal with Dell Technologies
  • Large Scale Deal: IREN Limited has struck a $1.6 billion deal with Dell to purchase Blackwell systems featuring Nvidia's high-performance GPUs, which is expected to significantly enhance its data center computing capabilities and provide a competitive edge.
  • Clear Deployment Plan: IREN plans to deploy these systems at its Childress, Texas data center, with an expected online date in early 2027, demonstrating the company's commitment to accelerating its computing resource expansion.
  • Market Demand Driven: IREN's Co-CEO Daniel Roberts stated that the partnership with Dell ensures access to hardware at the speed required by the rapidly growing market, thereby enhancing the company's competitive position.
  • Strategic Investment Focus: The company will continue to invest aggressively in computing resources to shorten its expansion timeline, with Roberts emphasizing that securing capacity and accelerating commissioning are top priorities in the current market environment.
NASDAQ.COM
7.5
05-28NASDAQ.COM
IREN Secures $1.6 Billion AI Equipment Deal with Dell
  • Large Scale Deal: IREN's agreement with Dell, valued at $1.6 billion, includes Nvidia's high-performance GPUs, Dell's servers, and related equipment, showcasing IREN's ambition in securing AI computing resources.
  • Rapid Deployment Advantage: IREN plans to bring these systems online by early 2027, leveraging its partnership with Dell to ensure quick access to hardware, thereby gaining a competitive edge in the market.
  • Expansive Market Outlook: IREN's rapid deployment capabilities provide a significant advantage in AI data center development, as competitors are unlikely to complete similar projects until the 2030s, further solidifying IREN's market position.
  • Ongoing Investment Strategy: IREN's Co-CEO emphasized that securing capacity and accelerating commissioning are top priorities, indicating the company's commitment to aggressive investment in computing resources to hasten its expansion efforts.
Yahoo Finance
4.5
05-28Yahoo Finance
Major Indexes Rise as Oil Prices Plunge
  • Oil Price Drop: Oil prices have significantly declined due to weak global demand, with WTI crude falling below $70 per barrel, which could lower transportation and production costs, positively impacting the overall economy.
  • Amazon Buy Signal: Amazon's stock has flashed a buy signal, with analysts predicting strong future growth potential, likely attracting more investor interest and further driving its stock price upward.
  • Snowflake Surge: Snowflake experienced a strong rebound in after-hours trading, with its stock price rising, reflecting market optimism regarding its financial performance and future outlook, potentially drawing more institutional investor attention.
  • Overall Market Performance: Amid the drop in oil prices, major indexes have generally risen, indicating increased investor confidence in economic recovery, which may promote further capital inflows into the stock market.
Fool
8.5
05-27Fool
Taiwan Semiconductor: AI-Driven Growth Engine
  • Significant Revenue Growth: In Q1 2023, TSMC generated $35.9 billion in revenue with a net profit margin of 50.5%, a substantial increase from $19.6 billion and $0.29 EPS three years ago, highlighting the company's robust performance in the AI market.
  • Surge in High-Performance Computing Revenue: Since 2020, the revenue share from high-performance computing chips has skyrocketed from 30% to 43%, with projections of reaching 61% by 2026, indicating TSMC's strong adaptability to technological advancements and market demand.
  • Market Dominance: TSMC commands approximately 70% of the global chip manufacturing revenue, with major clients including Nvidia, Intel, and Apple, underscoring its irreplaceable position and competitive edge in the semiconductor industry.
  • Rising Stock Price: TSMC's stock has risen 33% year-to-date, and as AI technology continues to evolve, the company is expected to benefit further, driving stock price increases and solidifying its market leadership.
NASDAQ.COM
9.5
05-27NASDAQ.COM
TSMC Revenue and Profits Surge Amid AI Demand
  • Significant Revenue Growth: TSMC generated $35.9 billion in revenue in Q1 2023 with a remarkable 50.5% net profit margin, showcasing a strong growth trajectory compared to $19.6 billion in Q1 2020, reflecting the company's successful pivot towards high-performance computing.
  • High-Performance Computing Contribution: The revenue share from high-performance computing chips surged from 30% in 2020 to 43% in 2023, indicating that the rapid advancement of AI technology is driving TSMC's business model transformation and further solidifying its dominant position in the global semiconductor market.
  • Sales Driven by Technological Advancements: In the most recent quarter, 61% of TSMC's revenue came from the production of 3nm and 5nm chips, which feature smaller transistors that enhance performance, demonstrating TSMC's ongoing leadership in technological innovation and strengthening its competitive edge in the market.
  • Stable Market Share: TSMC holds approximately 70% of the global chip manufacturing market share, with clients including Nvidia, Intel, and Apple; despite competitive pressures from Intel, TSMC remains the preferred partner for many chipmakers, and its stock price is expected to continue rising.
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
Cantor Fitzgerald
Brett Knoblauch
NULL -> Overweight
maintain
$77 -> $99
AI Analysis
2026-05-28
New
Reason
Cantor Fitzgerald
Brett Knoblauch
Price Target
$77 -> $99
AI Analysis
2026-05-28
New
maintain
NULL -> Overweight
Reason
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, when valued on a standalone 80% EBITDA margin and 10x multiple framework, suggests meaningful upside relative to current pricing, with additional capacity coming online in 2027-28 not yet reflected in the market's valuation assumptions, the analyst tells investors in a research note.
Goldman Sachs
Neutral
maintain
$44 -> $50
2026-05-27
New
Reason
Goldman Sachs
Price Target
$44 -> $50
2026-05-27
New
maintain
Neutral
Reason
Goldman Sachs raised the firm's price target on Iren (IREN) to $50 from $44 and keeps a Neutral rating on the shares. The firm is updating its estimates after the company entered into a $1.6B purchase agreement on May 26 with Dell (DELL) for air-cooled Blackwell-based systems as part of its previously announced 5-year $3.4B AI cloud contract with NVIDIA (NVDA), the analyst tells investors in a research note. Goldman Sachs adds it is reducing crypto mining revenue to reflect the wind down of Iren's Bitcoin mining operations by year-end 2026 as the company continues its pivot toward AI cloud opportunities.
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 -47.94. 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
-47.94
Current PE
136.99
Overvalued PE
558.94
Undervalued PE
-654.81

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
13.53
Current EV/EBITDA
-12.99
Overvalued EV/EBITDA
42.53
Undervalued EV/EBITDA
-15.48

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
3.99
Current PS
7.46
Overvalued PS
7.51
Undervalued PS
0.46

Financials

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Whales Holding IREN

S
Situational Awareness LP
Holding
IREN
+56.41%
3M Return
C
Cathay Securities Investment Trust Co., LTD
Holding
IREN
+50.60%
3M Return
C
Castleknight Management LP
Holding
IREN
+38.69%
3M Return
Q
Quadrature Capital Limited
Holding
IREN
+32.61%
3M Return
B
BIT Capital GmbH
Holding
IREN
+29.91%
3M Return
C
Clear Street LLC
Holding
IREN
+28.39%
3M Return

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Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

The current price of IREN is 63.56 USD — it has decreased -0.77

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. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.

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 May 29 2026.

What is IREN Ltd (IREN) market cap?

Today IREN has the market capitalization of 24.24B USD.