Stock Market Today, Oct. 15: Iren Stock Recovers, but Still Slides on Concerns Over Neocloud Provider Viability
NASDAQ · As of 4:00 PM ET 10/15/26
The Motley Fool10/15/2026Negative
IREN
IREN LtdNASDAQFINANCIAL SERVICESCAPITAL MARKETS
Key Statistics
Market Cap
$11.98B
P/E Ratio
—
EPS
$-2.22
Beta
4.27
52W High
$76.87
52W Low
$26.55
50-Day MA
$41.38
200-Day MA
$45.47
Dividend Yield
—
Profit Margin
-99.40%
Forward P/E
136.99
PEG Ratio
4.05
About IREN Ltd
IREN Limited (Ticker: IREN) is a vertically integrated data-center and digital infrastructure company traded on the Nasdaq. Headquartered in Sydney, Australia, it develops, owns and operates large-scale, renewable-powered data centers across North America that support Bitcoin mining, AI cloud services, and high-performance computing workloads. Originally known as Iris Energy Limited before rebranding in 2024, IREN combines its energy infrastructure and computing platforms to generate revenue from cryptocurrency mining and increasingly from GPU-powered AI cloud offerings. The company has secured significant power capacity and major customer contracts as it pivots toward AI data-center growth while maintaining its legacy mining business.
Fundamentals
| Revenue (TTM) | $707.01M |
| Gross Profit (TTM) | $487.30M |
| EBITDA | $38.35M |
| Operating Margin | -102.50% |
| Return on Equity | -23.40% |
| Return on Assets | -2.53% |
| Revenue/Share (TTM) | $2.24 |
| Book Value | $11.01 |
| Price-to-Book | 4.01 |
| Price-to-Sales (TTM) | 16.94 |
| EV/Revenue | 26.5 |
| EV/EBITDA | 28.06 |
| Quarterly Earnings Growth (YoY) | 42.90% |
| Quarterly Revenue Growth (YoY) | -26.70% |
| Shares Outstanding | $394.06M |
| Float | $346.18M |
| % Insiders | 6.52% |
| % Institutions | 61.89% |
Historical Volatility
HV 10-Day
82.41%
HV 20-Day
69.75%
HV 30-Day
74.06%
HV 60-Day
103.09%
HV Rank
1.6%
Volatility is currently expanding
Analyst Ratings
Consensus ($77.81 target)
2
Strong Buy13
Buy5
HoldLatest News
IREN Expands Liquid Cooling Across AI Data Centers: Can Returns Rise?
IREN expands liquid-cooled data centers to boost AI computing capacity and revenue per MW, but $25-$30 billion in fiscal 2027 capex raises execution and financing risks.
Zacks Investment Research10/15/2026Positive
IREN Limited's AI Pivot Gains Traction—But Can Its Data Centers Deliver?
IREN TodayIRENIREN$30.79 -4.01 (-11.53%) As of 01:55 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$28.93▼$76.87Price Target$81.13Add to WatchlistIREN Limited NASDAQ: IREN drew market attention with its Q2 earnings release, prominently announcing a new multi-year deal with a frontier hyperscale AI lab.
MarketBeat10/14/2026Positive
IREN's Global Expansion Accelerates: Can It Drive Future Growth?
IREN expands across North America, Europe and Australia, advancing major U.S. projects while developing an 800-MW South Australian site and a 300-MW project in Spain.
Zacks Investment Research10/13/2026Positive
IREN: The First GPU Cycle Could Fund The Next
IREN's $4 billion contracted ARR matters, but reusable infrastructure could make subsequent GPU cycles considerably more profitable for shareholders. Customer prepayments cover roughly 45%-55% of GPU CAPEX, while financing can fund approximately 90% of associated hardware costs. IREN trades at 5.64x forward EV/sales and 8.43x forward EBITDA despite expected revenue growth of 142.84%.
Seeking Alpha10/12/2026Positive
IREN Stock Rises on Reported Anthropic AI Deal
IREN Ltd (NASDAQ:IREN) stock is up 0.4% at $35.34 this morning, following reports that the data center operator signed a multi-year agreement to provide AI cloud computing services to Anthropic.
Schaeffers Research10/12/2026Positive
IREN Stock Is Rebounding on Anthropic News After a Brutal Week — Is $40 the Next Test?
IREN Limited‘s (NASDAQ:IREN) latest AI contract news is giving investors a reason to reconsider a stock that had been losing ground despite the infrastructure boom.
Benzinga10/12/2026Positive
IREN Climbs 4% on Report of Unconfirmed Anthropic Cloud Deal; TeraWulf and Applied Digital Hold Flat
Shares of IREN Limited (NASDAQ:IREN) are up 4% to $36.70 in morning trading after a report linked the artificial intelligence (AI) cloud provider to Anthropic.
24/7 Wall Street10/12/2026Positive
IREN Stock Jumps on Talk Anthropic Is Its Mystery AI Customer
Anthropic may well be the unnamed frontier AI lab that IREN said it had signed a cloud contract with when it reported fourth-quarter earnings.
Barrons10/12/2026Positive
Why is IREN stock up 5% in premarket trading on Monday?
IREN Ltd. shares jumped 5% during premarket trading on Monday after a report identified Anthropic as the mystery artificial intelligence cloud customer the company had alluded to during its earnings call in August. The Information published an analysis of the economics of Anthropic's data centre leases, detailing how the AI company is pressing its cloud partners to accelerate the construction of new facilities to meet growing computing demand.
Invezz10/12/2026Positive
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Data last updated: 10/17/2026