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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
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

Loading chart...

High
37.440
Open
36.995
VWAP
35.70
Vol
28.95M
Mkt Cap
11.66B
Low
34.560
Amount
1.03B
EV/EBITDA(TTM)
--
Total Shares
332.28M
EV
14.58B
EV/OCF(TTM)
--
P/S(TTM)
--
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.
Show More

Events Timeline

(ET)
2026-03-18
12:10:00
SEC and CFTC Release Joint Crypto Framework, Bitcoin Surges to $76,000
select
2026-03-04 (ET)
2026-03-04
20:00:00
Tech Stocks Rally, Micron Up 5.5%
select
2026-03-04
16:40:00
Iren Acquires Over 50,000 Nvidia GPUs, Expanding Fleet to 150,000
select
2026-03-02 (ET)
2026-03-02
12:10:00
Iris Energy Shares Rise 1.5% to $41.56
select
2026-02-17 (ET)
2026-02-17
05:10:00
Iren Appoints John Gross as Chief Innovation Officer
select

News

Fool
9.5
03-28Fool
PinnedIREN Faces Major AI-Driven Earnings Opportunity
  • Earnings Potential Analysis: IREN could be sitting on a significant AI-driven earnings opportunity, yet the current premium stock valuation necessitates caution in execution to avoid negative impacts on investors.
  • Market Reaction Observation: Market prices as of March 23, 2026, indicate strong demand for IREN's stock; however, the high valuation means that any missteps could lead to a rapid decline in investor confidence.
  • Importance of Execution Phase: The upcoming execution phase will be crucial in determining IREN's future profitability, where successful strategic implementation could yield substantial returns for investors, while failure may result in significant stock price volatility.
  • Investor Focus: Investors should closely monitor IREN's advancements in the AI sector, particularly regarding changes in profitability and market positioning, as these will directly influence the long-term performance of its stock.
stocktwits
8.5
03-27stocktwits
PinnedIREN Stock Predicted to Drop to $20 Levels
  • GPU Purchase Agreement: IREN announced earlier this month that it has entered into purchase agreements for over 50,000 Nvidia B300 GPUs, expanding its total fleet to 150,000 GPUs, which is expected to support an annualized AI Cloud revenue run-rate of over $3.7 billion by the end of 2026, indicating a strategic move into the AI sector.
  • Funding Situation: Over the past eight months, IREN has secured $9.3 billion in funding through customer prepayments, convertible notes, and GPU financing, and it plans to leverage these funds to finance approximately $3.5 billion in additional capex for these orders expected in the second half of 2026, enhancing its financial flexibility.
  • Market Sentiment Analysis: Despite a 7% drop in IREN's stock on Friday, market sentiment remains neutral, with some traders believing that a deal worth $10-15 billion could be a key catalyst for a stock rebound, reflecting cautious optimism about the company's potential.
  • MSCI Index Inclusion: IREN was added to the MSCI USA Index in February, and although its shares have fallen 10% this year, this inclusion may enhance its market recognition and liquidity, further influencing investor confidence.
NASDAQ.COM
5.0
03-28NASDAQ.COM
IREN Faces Major AI-Driven Earnings Opportunity
  • AI Earnings Potential: IREN is viewed as having a significant AI-driven earnings opportunity; however, its premium stock valuation leaves little room for error, necessitating careful risk-reward assessment by investors.
  • Market Performance Analysis: As of March 23, 2026, IREN's market price indicates vulnerability in the current market environment, particularly in the competitive tech sector, prompting investors to monitor its upcoming execution phase closely.
  • Investment Recommendations: Despite being seen as a potential investment opportunity, IREN was not included in The Motley Fool's current top ten stock recommendations, reflecting a cautious market sentiment regarding its future performance.
  • Historical Return Comparison: Compared to historically high-performing stocks like Netflix and Nvidia, IREN's investment returns remain unproven, leading investors to weigh its relative risks against potential rewards.
Barron's
8.5
03-26Barron's
MARA Holdings Shares Surge as Company Sells Bitcoin to Support AI Initiatives.
  • Company Announcement: MARA Holdings announced the sale of $1.1 billion worth of Bitcoin.
  • Purpose of Sale: The proceeds from the sale will be used to support the company's expansion into artificial-intelligence computing.
  • Market Reaction: Following the announcement, shares of MARA Holdings experienced a significant spike.
  • Strategic Shift: The move indicates a strategic shift for MARA Holdings towards integrating AI technology into its operations.
Barron's
7.5
03-25Barron's
Cipher Digital Shares Surge Following Hyperscaler Agreement, Indicating Rising AI Demand.
  • Stock Performance: Cipher Digital's stock experienced a significant increase following the announcement of a new 15-year lease with a hyperscaler at one of its data center facilities.
  • Demand for AI Capacity: The lease agreement highlights the strong demand for artificial intelligence infrastructure and capacity in the market.
Fool
8.5
03-22Fool
IREN's Massive Capital Raise Sparks Investor Concerns
  • Massive Capital Raise: IREN's recent capital raise has rattled investors, yet it may obscure a significant AI growth narrative, particularly in GPU and data center expansion.
  • Cautious Market Reaction: Investors have reacted cautiously to IREN's financing move, with stock prices reflecting volatility as of March 16, 2026, indicating uncertainty about the company's future trajectory.
  • Growth Potential Emerges: Should management successfully execute its GPU and data center expansion plans, the recent stock pullback could be viewed as a rare investment opportunity, especially against the backdrop of rapid advancements in AI.
  • Strategic Execution is Key: IREN's future growth will hinge on the effectiveness of its strategic execution, particularly in the face of technological innovation and shifting market demands, where successful expansion could enhance its competitive position.
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
Overweight
downgrade
$136 -> $82
AI Analysis
2026-02-06
Reason
Cantor Fitzgerald
Price Target
$136 -> $82
AI Analysis
2026-02-06
downgrade
Overweight
Reason
Cantor Fitzgerald lowered the firm's price target on Iren to $82 from $136 and keeps an Overweight rating on the shares. Revenue and adjusted EBITDA were both down quarter over quarter due to a decline in Bitcoin prices and a decline in operating hash rate, which was not unexpected given the company's transition of capacity away from Bitcoin mining and towards AI compute, the analyst tells investors in a research note. The firm believes the after-hours move lower is a buying opportunity.
B. Riley
B. Riley
Buy
maintain
$74 -> $83
2026-02-06
Reason
B. Riley
B. Riley
Price Target
$74 -> $83
2026-02-06
maintain
Buy
Reason
B. Riley raised the firm's price target on Iren to $83 from $74 and keeps a Buy rating on the shares. Iren reported Q2 adjusted EBITDA of $75.3M, below both internal and consensus estimates, while highlighting key milestones including securing $3.6B in GPU financing, adding 1.6 GW of power capacity at a new Oklahoma campus, and progressing Sweetwater 1 & 2 in Texas, the analyst tells investors in a research note. Despite the shortfall, the company targets $3.4B in annualized run-rate revenue by end of CY26, with expansion across Horizon 1-4 and B.C. sites positioning Iren as a de-risked, compelling long-term growth story, the firm says.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for IREN
Unlock Now

Valuation Metrics

The current forward P/E ratio for IREN Ltd (IREN.O) is 252.96, compared to its 5-year average forward P/E of -60.16. 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
-60.16
Current PE
252.96
Overvalued PE
574.21
Undervalued PE
-694.54

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
14.88
Current EV/EBITDA
15.23
Overvalued EV/EBITDA
44.78
Undervalued EV/EBITDA
-15.02

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
3.87
Current PS
9.21
Overvalued PS
7.53
Undervalued PS
0.21

Financials

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Whales Holding IREN

C
Castleknight Management LP
Holding
IREN
+24.46%
3M Return
C
Cushing Asset Management, LP
Holding
IREN
+19.42%
3M Return
V
Value Aligned Research Advisors, LLC
Holding
IREN
+13.77%
3M Return
S
Situational Awareness LP
Holding
IREN
+11.41%
3M Return
J
Jane Street Group, LLC
Holding
IREN
-3.53%
3M Return
G
Group One Trading LLC
Holding
IREN
-4.24%
3M Return

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Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

The current price of IREN is 35.09 USD — it has decreased -6.3

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 184.69M USD, increased 59.02

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

IREN Ltd. EPS for the last quarter amounts to -0.52 USD, increased 420.00

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

IREN Ltd (IREN) has 257 emplpoyees as of March 29 2026.

What is IREN Ltd (IREN) market cap?

Today IREN has the market capitalization of 11.66B USD.