IREN Limited (IREN)
| Market Cap | 13.61B |
| Revenue (ttm) | 757.10M |
| Net Income (ttm) | 389.74M |
| Shares Out | 332.28M |
| EPS (ttm) | 1.33 |
| PE Ratio | 30.69 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 52,674,240 |
| Open | 42.51 |
| Previous Close | 44.24 |
| Day's Range | 39.54 - 43.09 |
| 52-Week Range | 5.13 - 76.87 |
| Beta | 4.28 |
| Analysts | Buy |
| Price Target | 64.60 (+57.75%) |
| Earnings Date | Feb 5, 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 Forecast
According to 11 analysts, the average rating for IREN stock is "Buy." The 12-month stock price target is $64.6, which is an increase of 57.75% from the latest price.
News
From Bitcoin To AI: IREN's GW-Scale Platform Is Built For Hyperscalers
IREN is rapidly transforming from bitcoin mining to AI and HPC data center infrastructure, leveraging its energy assets for higher-margin growth. AI services revenue at IREN surged 137% quarter-over-q...
IREN: A Perfect Put-Selling Opportunity
IREN Limited is transitioning from bitcoin mining to AI cloud computing, anchored by a $9.7B Microsoft contract. Despite strong long-term prospects and 4.5 GW in secured power capacity, near-term earn...
IREN: Major ARR Uplift Incoming
Iren is executing a successful pivot from Bitcoin mining to AI Cloud services, targeting 140,000 GPUs deployed by year-end. Q2'26 results beat EPS estimates but missed on revenue, triggering a sell-of...
IREN: The Dark Before The AI Dawn
Q2 revenue fell to $184.7M as Bitcoin declined, but $3.4B AI ARR target remains intact for 2026. Over 4.5GW secured power portfolio, yet only ~10% required to support $3.4B contracted ARR plan. $3.6B ...
IREN: Crypto Pain, AI Gain
IREN Limited missed Q2 revenue expectations badly due to the Bitcoin selloff, but the market is already looking past mining volatility toward the AI data center buildout. Specifically, Q2 revenue fell...
IREN Appoints John Gross as Chief Innovation Officer
Global Leader in High-Density Data Center Engineering and Liquid Cooling Global Leader in High-Density Data Center Engineering and Liquid Cooling
IREN Investors: Look Beyond That $3.4B Target
IREN Limited remains a compelling buy after a 22% post-earnings pullback, with robust AI cloud growth offsetting Bitcoin mining headwinds. Q2 FY26 revenues surged 60% to $184.7M, driven by a 541% y/y ...
IREN: Execution De‑Risk And Secured Capacity Drives Growth
IREN Limited is transitioning from bitcoin mining to an AI infrastructure provider, with a focus on capacity, capital, and execution de-risking. Q2 '26 results show 47.5% YoY mining revenue growth to ...
IREN Added to MSCI USA Index
NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it will be added to the MSCI USA Index, effective after close of trading on February 27, 2026.
IREN stock price has slumped recently: Is it safe to buy the dip?
IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year.
This gaming stock is rallying into ‘RESISTANCE,' trade expert warns
Simpler Trading VP of options Danielle Shay talks small-cap and value stocks including Roblox and Amazon on ‘Making Money.' #stocks #stockmarket #trading #investing #wallstreet #business #economy #gam...
This IREN Selloff Makes No Sense I'm Buying Aggressively
IREN controls over 4.5 GW of secured power, yet needs only ~460 MW to support $3.4 billion AI ARR by CY26. Approximately $2.3 billion of AI ARR is already contracted, including $1.9 billion from Micro...
Why IREN's Post-Market Selloff Misses The Big Picture
Iren Limited is executing a strategic pivot from Bitcoin mining to contracted AI infrastructure, with AI Cloud revenue up 136% QoQ to $17 million. IREN secured $3.6 billion in GPU financing and $1.9 b...
IREN: Don't Buy This Heavy Dip (Earnings Review)
IREN Ltd. is downgraded to 'Sell' after a sharp Q2 2026 double miss on EPS and revenue. IREN's AI cloud revenue grew 137% QoQ but remains under 10% of total, while Bitcoin mining revenue slumped 28% Q...
IREN Stock Stutters. It's a Story of Crypto Pain and AI Gains.
IREN stock has been hit by concern over its cryptocurrency mining operations, even as it pivots toward artificial-intelligence computing.
IREN Limited (IREN) Q2 2026 Earnings Call Transcript
IREN Limited (IREN) Q2 2026 Earnings Call Transcript
IREN Earnings: Caught In The Eye Of The AI Storm
IREN Limited is dropping after reporting Q2 results. Shares are down 11% as the broader AI sector sells off. While IREN stock could recover in the near term, I see it as a long-term Sell.
IREN Stock Sinks After Q2 Earnings: Here's Why
IREN Limited (NASDAQ: IREN) shares dropped in Thursday's extended trading after the company released its second-quarter earnings report, missing analyst estimates on the top and bottom lines.
IREN's $9.7 Billion Microsoft Bet Hits The Earnings Moment Of Truth
IREN Ltd (NASDAQ: IREN) used to dig for Bitcoin (CRYPTO: BTC). Now it wants to mine the cloud.
IREN: Why The AI Transition Still Isn't Fully Priced In
IREN remains a buy ahead of 2Q26 in my book, driven by its transition from Bitcoin mining to AI cloud infrastructure. IREN's AI data center pipeline, expanding margins, and hyperscaler contracts, espe...
IREN Has Become A Buy Ahead Of Earnings (Preview)
IREN Has Become A Buy Ahead Of Earnings (Preview)
IREN: Why I'm Still Bullish Heading Into Earnings
Investors are watching whether contracted ARR continues converting as power activates, not whether reported revenue beats short-term consensus estimates. Sweetwater 1's ~1.4GW energization timeline re...
Thatcher: Markets Seeking Stability & Top Picks in AMZN, IREN, Silver
“All the market wants right now is stability and consistency,” says Ted Thatcher, but volatility continues. He argues that Americans' economic outlook is largely based on their ability to access credi...
IREN Limited (IREN) Price Forecast: Bullish Momentum Builds After Pullback
IREN is forming a bullish continuation pattern after holding key moving averages, with improving momentum and Fibonacci projections pointing toward potential upside beyond $87.
