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Start Your Free Trial NowKey Metrics & Ratings
- symbol IREN
- Rev/Share 3.2018
- Book/Share 13.2773
- PB 2.8447
- Debt/Equity 0.3357
- CurrentRatio 5.5164
- ROIC -0.0009
- MktCap 10705264297.0
- FreeCF/Share -2.5279
- PFCF -19.5491
- PE 15.6364
- Debt/Assets 0.2263
- DivYield 0
- ROE 0.2826
- Rating B
- Score 3
- Recommendation Neutral
- P/E Score 2
- DCF Score 1
- P/B Score 1
- D/E Score 2
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Initiation | IREN | Goldman | -- | Neutral | -- | $39 | Dec. 18, 2025 |
| Initiation | IREN | Citizens JMP | -- | Mkt Outperform | -- | $80 | Nov. 19, 2025 |
| Downgrade | IREN | H.C. Wainwright | Buy | Sell | -- | $45 | Oct. 29, 2025 |
| Downgrade | IREN | JP Morgan | Neutral | Underweight | -- | $24 | Sept. 26, 2025 |
| Initiation | IREN | Arete | -- | Buy | -- | $78 | Sept. 24, 2025 |
| Resumed | IREN | Compass Point | -- | Buy | -- | -- | Sept. 15, 2025 |
| Downgrade | IREN | JP Morgan | Overweight | Neutral | -- | $16 | July 28, 2025 |
| Upgrade | IREN | JP Morgan | Neutral | Overweight | $15 | $12 | March 13, 2025 |
| Initiation | IREN | BTIG Research | -- | Buy | -- | $33 | Dec. 20, 2024 |
| Downgrade | IREN | JP Morgan | Overweight | Neutral | $9.5 | $15 | Dec. 10, 2024 |
News
IREN: Power To Compute Is Building The Moat (Rating Upgrade)
Published: January 02, 2026 by: Seeking Alpha
Sentiment: Positive
IREN Limited rallied on its Microsoft deal, then fell over 50% from highs; I'm upgrading to Buy because risk is better priced now for 2026 upside. Microsoft signed a $9.7B, five-year contract, with 20% prepayment; GPUs deploy through 2026 at Childress, targeting 200MW IT capacity, and support hyperscale power to compute. Financing is the crux: IREN borrowed against contracted cash flows, issuing $2.3B in convertibles, repurchasing $544M in notes, and adding capped calls near $82 to limit dilution.
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IREN: Building Its True Moat For Long-Term Value Creation
Published: January 02, 2026 by: Seeking Alpha
Sentiment: Positive
IREN Limited transforms from Bitcoin miner to leading vertically integrated AI-infrastructure operator, securing ~3 GW of low-cost, grid-connected power across North America. IREN's early acquisition of land, power, and interconnection establishes a formidable moat, enabling rapid AI data center expansion while competitors face multi-year delays. The $9.7B, 5-year Microsoft contract—with $1.9B upfront—validates IREN's infrastructure, driving projected ~85% project margins and de-risking capital outlay.
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Here's Why The Drop In IREN Stock Makes No Sense
Published: December 29, 2025 by: 24/7 Wall Street
Sentiment: Positive
IREN (NASDAQ:IREN) looked like an unstoppable growth stock from April to the end of October, gaining more than 1,000% during that stretch.
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IREN's AI Client Base Expands: Is Growth Becoming More Durable?
Published: December 26, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's expanding AI client base, new multi-year wins, and record $240M quarterly revenue point to more durable growth beyond a single anchor.
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Analysts See Triple-Digit Revenue Growth in 2026 for These 3 AI Infrastructure Stocks
Published: December 26, 2025 by: 24/7 Wall Street
Sentiment: Neutral
Artificial intelligence is driving explosive demand for computing power as companies invest heavily to develop and deploy AI models.
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Can Iren Stock Beat the Market in 2026?
Published: December 21, 2025 by: The Motley Fool
Sentiment: Neutral
Oracle rumors dragged Iren and other AI stocks, but that doesn't concern Iren. Lower Bitcoin prices will hurt Bitcoin mining revenue, but the company's $3.4 billion in projected annual recurring revenue from AI shows that Bitcoin mining revenue won't matter as much in the future.
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IREN: Big Contract Catalyst
Published: December 19, 2025 by: Seeking Alpha
Sentiment: Positive
IREN Limited is positioned for strong AI data center growth, anchored by a $9.7 billion Microsoft contract. Despite sector volatility and market skepticism, IREN forecasts $3.4 billion ARR by 2026, leveraging only 16% of its data center power pipeline. A recent $4 billion capital raise strengthens IREN's balance sheet, enabling GPU procurement and further data center buildout.
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Here's why the IREN stock price has crashed and why it may hit $20 soon
Published: December 16, 2025 by: Invezz
Sentiment: Negative
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76.
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Can IREN Sustain Growth Amid Its Rapidly Mounting Capex Burden?
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's AI cloud push targets massive growth, but soaring GPU and data-center capex are straining cash flow and reshaping its long-term financial path.
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Paul Tudor Jones Trims IREN After A 300% Run — AI Story Still Intact
Published: December 15, 2025 by: Benzinga
Sentiment: Neutral
IREN Ltd (NASDAQ: IREN) has been one of the market's most explosive AI infrastructure trades of 2025, riding a dramatic pivot from crypto mining into AI cloud and GPU services. IREN stock is up 285% in six months.
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Reddit's Most Popular Stock Trades at 19x Sales After 3,568% EBITDA Jump
Published: December 09, 2025 by: 24/7 Wall Street
Sentiment: Positive
Shares of IREN (NASDAQ:IREN) are trading at $47.9, extending an impressive 17% gain over the past week.
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IREN Limited (IREN) Stock Reels After Capital Raise
Published: December 05, 2025 by: 24/7 Wall Street
Sentiment: Neutral
IREN Limited (NASDAQ:IREN) is an emerging contender among technology firms and has drawn attention from risk-tolerant stock traders.
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IREN Limited Soars 371% in 6 Months: Buy, Sell or Hold the Stock?
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Negative
IREN's 371% stock surge masks heavy capex demands, earnings uncertainty and tough new AI/HPC competition that keep risk elevated.
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Why The Market Just Nuked IREN: This Selloff Makes No Sense
Published: December 03, 2025 by: Seeking Alpha
Sentiment: Negative
IREN Limited is undergoing a strategic pivot from Bitcoin mining to high-margin, contract-backed AI compute, highlighted by a major Microsoft partnership. Recent stock volatility stems from mechanical selloff after a $2B convertible and equity raise, not company-specific distress. Management targets $3.4B annualized AI-cloud revenue by late 2026, with $1.9B expected from the Microsoft deal at full scale.
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IREN Limited: A Speculative Gem In The AI Cloud Landscape
Published: November 28, 2025 by: Seeking Alpha
Sentiment: Positive
IREN is pivoting from Bitcoin mining to an AI cloud and data center business, driving significant investor interest. The company differentiates itself by controlling the entire infrastructure stack, from power substations to GPUs, and focuses on colocation and GPU-as-a-Service offerings. A $9.7 billion, five-year GPU cloud services contract with Microsoft validates IREN's strategic shift and secures a stable, long-term revenue stream.
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3 Stocks to Buy for the Evolution of AI Infrastructure
Published: November 28, 2025 by: MarketBeat
Sentiment: Positive
The evolution of artificial intelligence (AI) is tied to physical infrastructure. Every breakthrough in AI models, training speeds, and inference workloads requires massive amounts of power, cooling, and compute capacity.
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IREN vs. MARA: Which Bitcoin-Focused Stock Has an Edge?
Published: November 27, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's rapid AI pivot and heavy capex contrast with MARA's low-cost, vertically integrated strategy as both chase post-bitcoin volatility upside.
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10 AI Stocks I'd Buy Right Now
Published: November 27, 2025 by: The Motley Fool
Sentiment: Negative
The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pulled back sharply despite locking in tens of billions in hyperscaler contracts.
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3 Speculative Stocks to Sell Before the Bottom Drops Out
Published: November 20, 2025 by: MarketBeat
Sentiment: Negative
Investors are on edge as the S&P 500 dropped below its 50-day moving average for the first time since the tariff tantrum back in April. But if you've been actively trading these markets, you've likely noticed trouble brewing for a few weeks as speculative assets like AI stocks and Bitcoin have plummeted while gold and safer sectors soar.
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IREN Regains Momentum. Here's Why You Should Buy Now
Published: November 19, 2025 by: 24/7 Wall Street
Sentiment: Neutral
The AI infrastructure sector is going through a rough patch, with shares of high-flyers like CoreWeave ( NASDAQ:CRWV ), Nebius Group ( NASDAQ:NBIS ) and other “neocloud” providers tumbling amid valuation fears, potential delays in hyperscaler spending, and broader market rotation away from growth names.
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How Can IREN's Transition Into the AI Cloud Benefit the stock?
Published: November 19, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN pivots from crypto mining to AI cloud, pouring billions into GPUs and power to scale its next growth chapter.
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IREN Vs. Cipher: The Former Looks Less Promising
Published: November 19, 2025 by: Seeking Alpha
Sentiment: Negative
Cipher Mining (CIFR) and IREN Limited (IREN) were pure Bitcoin miners before, and they're now pivoting to AI/data center infrastructure, but with distinct business models and risk profiles. IREN is aggressively scaling GPU cloud capacity and secured a $9.7B Microsoft contract, but faces high CAPEX, dilution risk, and margin pressure from competitors. CIFR's landlord-style model, with long-term contracts from Google and Amazon, offers recurring revenue, lower tech obsolescence risk, and stronger economic returns.
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AI Data Centers Are Banging on Crypto's Door
Published: November 18, 2025 by: WSJ
Sentiment: Positive
Developers desperately need access to electricity—and bitcoin miners are in a prime position to assist.
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IREN Skyrockets 153.1% in 3 months: Buy, Sell or Hold the Stock?
Published: November 18, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's 153.1% surge sparks debate as its AI pivot, heavy capex and fierce competition test the sustainability of its rapid growth.
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IREN: ARR Could Grow 6.8x To $3.4B By Year-End 2026
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Neutral
My thesis rests mainly on IREN's AI Cloud ramp: a $9.7B Microsoft deal targeting $1.9B ARR, and total AI Cloud ARR guided to $3.4B by year-end 2026. The moat of IREN is its power contracts. 140K GPUs by 2026 will use only 16% of 2.91GW secured power, including 2.75GW of West Texas grid connections. The AI cloud segment is still in its early stage. Q1 FY26 revenue of this segment was only 3% of the consolidated revenue of the company.
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IREN: A 40% Pullback In A $3.4B ARR Future
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Neutral
Iren Limited (IREN) is a rapidly growing dual data center business with a unique blend of Bitcoin mining and AI/HPC hosting operations. IREN's vertical integration, secured 2.9GW power capacity, and strong financing position it well for future growth, despite recent share price volatility. Valuation suggests significant upside potential if execution matches guidance, with a forward P/S ratio becoming attractive by 2027.
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3 Crypto Mining Stocks To Buy Now
Published: November 14, 2025 by: 24/7 Wall Street
Sentiment: Positive
Crypto mining stocks have silently crushed the stock market this year as many crypto mining companies pivot to artificial intelligence.
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Morgan Stanley's Stephen Byrd: Data centers will face 20% energy shortfall through 2028
Published: November 12, 2025 by: CNBC Television
Sentiment: Negative
Stephen Byrd, Morgan Stanley global head of thematic research, joins CNBC's 'Money Movers' to discuss outlooks on energy demand as AI buildouts ramps up across the U.S.
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Bear of the Day: IREN Limited (IREN)
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Neutral
IREN Limited ( IREN ), formerly known as Iris Energy, delivered a solid report on Thursday for their Q1 FY26 financial results, with total revenue increasing 355% year-over-year to a record $240.3 million. And net income increased to a record $384.6 million vs.
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IREN Shares Slip 12% on Q1 Earnings Miss, Revenues Rise Q/Q
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Negative
IREN shares fall after Q1 earnings miss estimates, but soaring revenues, stronger liquidity, and bold AI targets hint at growth ahead.
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About IREN Limited (IREN)
- IPO Date 2021-11-17
- Website https://iren.com
- Industry Financial - Capital Markets
- CEO William Roberts
- Employees 257