IREN Limited (IREN)
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- symbol IREN
- Rev/Share 2.3269
- Book/Share 8.3901
- PB 6.8831
- Debt/Equity 0.5305
- CurrentRatio 4.2932
- ROIC 0.0058
- MktCap 15658231570.0
- FreeCF/Share -4.9725
- PFCF -14.5365
- PE 143.8857
- Debt/Assets 0.3279
- DivYield 0
- ROE 0.0615
- Rating C+
- Score 2
- Recommendation Sell
- P/E Score 1
- DCF Score 1
- P/B Score 2
- D/E Score 2
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| 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 |
| Initiation | IREN | ROTH MKM | -- | Buy | -- | $14 | Oct. 2, 2024 |
News
3 Best Performing Stocks in 2025 (OKLO, IREN, NBIS)
Published: October 03, 2025 by: Zacks Investment Research
Sentiment: Positive
Thus far, 2025 has been another good year for the stock market. The last month in particular has been especially strong, with the S&P 500 now up just over 15% year-to-date.
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IREN: Juggernaut In The Making
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Positive
IREN (IREN) is rapidly scaling datacenter capacity, leveraging vertical integration and standardized modular designs for unmatched efficiency and speed. IREN's AI cloud business is poised for significant growth, targeting $200–$250 million in annualized revenue, diversifying beyond its core Bitcoin mining operations. Strategic power procurement and secured 2.9 GW grid capacity position IREN for long-term cost advantages and scalable infrastructure expansion.
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BTC To AI: IREN Stock Compelling After Sell Off?
Published: September 30, 2025 by: Forbes
Sentiment: Negative
IREN stock (NASDAQ: IREN), which is the largest publicly listed Bitcoin miner that has shifted its focus to AI cloud computing, has emerged as one of the most notable stocks of 2025, increasing nearly four times year-to-date to approximately $42. Nevertheless, the upward momentum weakened on Friday, as the stock dropped nearly 10% following JPMorgan's downgrade from neutral to underweight, effectively categorizing it as a sell.
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IREN's Bull Run Faces Its Next Test
Published: September 25, 2025 by: Seeking Alpha
Sentiment: Positive
IREN's stock is up 380% year-to-date, with an additional 80% gain since prior coverage, reflecting massive AI-driven momentum. The company purchased $674 million in Nvidia and AMD GPUs, doubling its fleet to 23,000 units for AI workloads. Contracted grid power expanded to nearly 3 GW, while operating data center capacity tripled to 810 MW during FY25.
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IREN: From Bitcoin Powerhouse To AI Cloud Contender
Published: September 25, 2025 by: Seeking Alpha
Sentiment: Positive
IREN (Iris Energy) is rapidly scaling as both a top-tier bitcoin miner and a credible AI cloud infrastructure provider. IREN's AI cloud business is gaining momentum, with NVIDIA Preferred Partner status, 23,000 GPUs, and a $500M+ ARR target by Q1 2026. The company's structural advantages include low-carbon power, efficient buildouts, and rapid deployment, positioning IREN ahead of competitors in AI and mining.
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IREN Expands AI Cloud Capacity: Is the Growth Thesis Strengthening?
Published: September 22, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN doubles AI cloud capacity to 23k GPUs with a $674M purchase, targeting $500M ARR by early fiscal 2026.
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IREN: Doubled AI GPUs, Revenue Is Next
Published: September 22, 2025 by: Seeking Alpha
Sentiment: Positive
IREN Limited doubled its AI GPU fleet to 23,000 GPUs, more than doubling its target of 10,900 by year's end. IREN's expansion primarily leverages Blackwell series Nvidia GPUs giving it a pricing edge and making us expect a fast-paced ARR growth for AI Cloud business, now estimated to be +$500M. There's little margin of safety at current levels if GPU deployment or utilization face any hiccups; however, we think any IREN stock pullback is a buying opportunity.
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CRCL vs. IREN: Which Crypto-Exposure Stock Has an Edge Now?
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Positive
Circle gains on USDC adoption, but IREN Limited's surging AI cloud revenues and bitcoin mining strength give it an edge.
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Is $50 a Share Realistic for IREN Stock?
Published: September 18, 2025 by: 24/7 Wall Street
Sentiment: Positive
IREN Ltd. (NASDAQ:IREN), which operates data centers and mines Bitcoin (CRYPTO:BTC), went from under-the-radar to over-the-top in 2025.
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The Big 4: OPEN, RKT, WULF, IREN
Published: September 12, 2025 by: Schwab Network
Sentiment: Neutral
@Stockstotrade's Tim Bohen breaks the format of the Big 3 and gives us four stocks he believes investors need to watch. He says Opendoor (OPEN) still holds potential on a pullback despite its parabolic rally Thursday.
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IREN Limited Jumps 208% Year to Date: Buy, Sell or Hold the Stock?
Published: September 10, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's bitcoin mining scale and fast-growing AI Cloud fuel a 207.5% YTD surge, but stretched valuation tempers the outlook.
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IREN: My New Favorite Crypto/AI Play
Published: September 03, 2025 by: Seeking Alpha
Sentiment: Positive
IREN Limited's AI pivot is accelerating, with a target of $200–$250 million in annualized AI Cloud revenue by December, driven by 10,900 Nvidia GPUs. Recent results were stellar: Q4 revenue hit $187.3M, full-year revenue grew 168%, and Bitcoin mining remains a cash machine. Valuation looks stretched with a 124% premium to sector sales multiples, so execution on AI ramp-up must be flawless to justify current prices.
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IREN Shares Jump 26% Despite Q4 Earnings Miss, Revenues Surge Q/Q
Published: September 03, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN surges after Q4 results show strong bitcoin output, rapid AI cloud growth and ambitious GPU expansion plans.
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IREN: Major Inflection Point
Published: September 03, 2025 by: Seeking Alpha
Sentiment: Positive
IREN deserves a buy rating, given its strong revenue and improving profitability profile. The firm's Q4 2025 revenues surged 255% Y/Y, and IREN reported a positive quarter in terms of net income. Hyperscaler-driven investments in GPUs create long-term tailwinds for IREN's Data Center business.
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IREN Is Up 186% YTD on AI Pivot—And It's Just Getting Started
Published: September 03, 2025 by: MarketBeat
Sentiment: Positive
Although IREN Limited NASDAQ: IREN is one of the best-performing stocks over the past 12 months, this mid-cap gem may be flying under the radar of many investors. And even those who know of IREN may not fully grasp the bullish opportunity.
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How IREN Stock Can Double To $50?
Published: September 02, 2025 by: Forbes
Sentiment: Positive
IREN Limited has evolved from a pure Bitcoin miner into a diversified AI cloud infrastructure player, posting over 150% year-to-date returns. With Bitcoin around $110,000 (+18% YTD) and IREN's pivot toward AI compute, could the stock double from here to surpass $50?
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Is Iren Limited Stock Still a Buy?
Published: September 01, 2025 by: The Motley Fool
Sentiment: Positive
Iren Limited (IREN 14.97%) has emerged as one of the most explosive growth stories of 2025, with shares surging 221% over the past six months and 68% in just the last 30 days. The company's $7.2 billion market cap might seem stretched for a business primarily known for Bitcoin mining just a year ago.
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IREN Stock Is Climbing 21%. Here's How Nvidia Is Playing a Part.
Published: August 29, 2025 by: Barrons
Sentiment: Positive
The data-center company announces it is investing another $168 million in Nvidia chips.
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Buy, Sell or Hold IREN Stock? Key Tips Ahead of Q4 Earnings
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN gears up for fiscal Q4 results with booming bitcoin revenues, rising AI Cloud growth, and major GPU expansion driving momentum.
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IREN: Power, Cash Flow, Flexibility, Give It Leverage Over The Neo-Cloud Industry
Published: August 27, 2025 by: Seeking Alpha
Sentiment: Positive
I see IREN as a high-upside, favorable risk/reward play in AI and HPC, similar to early SuperMicro, with >100% upside potential. IREN's unique advantages—massive low-cost power contracts, strong cash flow from BTC mining, and operational flexibility—give it leverage over even the best neo-cloud companies like CRWV and NBIS. Despite a technical knowledge gap, IREN's profitability and power advantage should allow it to close the competency gap and achieve a much higher valuation.
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IREN Expands GPU Fleet With NVIDIA Blackwell: What's the Path Ahead?
Published: August 26, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN doubles down on AI with 4.2k new NVIDIA GPUs, boosting its Prince George campus fleet and expanding next-gen compute capacity.
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Strategy vs. IREN: Which Bitcoin-Focused Stock is a Buy Now?
Published: August 22, 2025 by: Zacks Investment Research
Sentiment: Positive
The increasing acceptance of Bitcoin as a store of value benefits MSTR and IREN. Find out which stock is leading now.
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IREN Limited Jumps 6% in a Month: Buy, Sell or Hold the Stock?
Published: August 21, 2025 by: Zacks Investment Research
Sentiment: Positive
IREN's bitcoin mining surge, AI Cloud growth, and new power projects fuel big stock gains despite valuation risks.
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IREN: From Mining To Data Centers
Published: August 21, 2025 by: Seeking Alpha
Sentiment: Positive
IREN Limited uniquely combines high-margin Bitcoin mining with a strategic shift into green AI data centers, driving impressive 128% YoY growth. Ultra-low energy costs (3.3¢/kWh) provide a major competitive advantage in mining, fueling cash flow for aggressive data center expansion. Valuation appears high on a PS basis, but rapid revenue growth and future data center projects make IREN undervalued long-term.
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Iren Limited: An AI, Crypto and Cloud Computing Stock
Published: August 15, 2025 by: Zacks Investment Research
Sentiment: Positive
Every so often, I come across a stock in my research that checks nearly every box I look for: innovation, growth, strong fundamentals, and technical momentum. Iren Limited ( IREN ) is one of those rare finds.
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IREN Limited (IREN) Just Flashed Golden Cross Signal: Do You Buy?
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Positive
From a technical perspective, IREN Limited (IREN) is looking like an interesting pick, as it just reached a key level of support. IREN recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
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Missed Palantir? These 3 AI Stocks Offer Growth at a Reasonable Valuation
Published: July 30, 2025 by: 24/7 Wall Street
Sentiment: Positive
The artificial intelligence industry has been filled with top-performing stocks, but none of them have kept up with Palantir (NASDAQ:PLTR).
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Wall Street Analysts Believe IREN Limited (IREN) Could Rally 25.03%: Here's is How to Trade
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive
The mean of analysts' price targets for IREN Limited (IREN) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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Are You Looking for a Top Momentum Pick? Why IREN Limited (IREN) is a Great Choice
Published: July 28, 2025 by: Zacks Investment Research
Sentiment: Positive
Does IREN Limited (IREN) have what it takes to be a top stock pick for momentum investors? Let's find out.
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IREN vs. NBIS: Which High-Growth Mid-Cap Stands Out Right Now?
Published: July 25, 2025 by: 24/7 Wall Street
Sentiment: Positive
Momentum investors have a lot to dig through after an explosive tech-led surge from those now-distant Liberation Day lows.
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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