Iris EnergyIREN
IREN
About: IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Employees: 144
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
139% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 33
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
74% more capital invested
Capital invested by funds: $508M [Q3] → $883M (+$375M) [Q4]
55% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 38
29% more funds holding
Funds holding: 142 [Q3] → 183 (+41) [Q4]
13.66% more ownership
Funds ownership: 31.94% [Q3] → 45.6% (+13.66%) [Q4]
3% more call options, than puts
Call options by funds: $360M | Put options by funds: $350M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12
118%
upside
Avg. target
$20
263%
upside
High target
$23
317%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Reginald Smith 32% 1-year accuracy 8 / 25 met price target | 118%upside $12 | Overweight Upgraded | 13 Mar 2025 |
Cantor Fitzgerald Brett Knoblauch 13% 1-year accuracy 10 / 77 met price target | 317%upside $23 | Overweight Reiterated | 13 Feb 2025 |
HC Wainwright & Co. Mike Colonnese 3% 1-year accuracy 2 / 62 met price target | 299%upside $22 | Buy Maintained | 13 Feb 2025 |
Canaccord Genuity Joseph Vafi 13% 1-year accuracy 10 / 79 met price target | 317%upside $23 | Buy Maintained | 13 Feb 2025 |
Financial journalist opinion
Based on 4 articles about IREN published over the past 30 days
Neutral
GlobeNewsWire
5 days ago
IREN capacity increased to 40 EH/s
SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided an update on its Bitcoin mining expansion. “We're proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target,” said Daniel Roberts, IREN Co-Founder and Co-CEO.
Neutral
GlobeNewsWire
2 weeks ago
IREN March 2025 Monthly Update
SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for March 2025.
Neutral
GlobeNewsWire
3 weeks ago
IREN Business Update
Bitcoin Mining Expansion Paused at 52 EH/s Progressing Debt Financing Workstreams SYDNEY, March 31, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided a business update and strategic outlook, highlighting momentum in its AI/HPC segments and an evolving capital allocation strategy aligned with current market conditions. “As we near completion of our 50 EH/s mining expansion, our focus is shifting to the next phase of growth and delivering scalable infrastructure for AI and HPC through our AI Cloud Services and AI Data Center businesses,” said Daniel Roberts, IREN Co-Founder and Co-CEO.
Positive
Zacks Investment Research
3 weeks ago
2 Speculative AI Stocks Trading Under $20 to Buy in April
Diving into two beaten-down technology stocks that offer long-term exposure to artificial intelligence expansion.
Positive
Investors Business Daily
1 month ago
Cryptocurrency Prices And News: Bitcoin, Miners Rebound On Fed Meeting
Catch up on the latest cryptocurrency prices and news. The post Cryptocurrency Prices And News: Bitcoin, Miners Rebound On Fed Meeting appeared first on Investor's Business Daily.
Positive
Seeking Alpha
1 month ago
Undercovered ETFs: Managed Futures, India, Europe, Value +
The 'Undercovered' Dozen series highlights lesser-known ETFs featuring in-depth analyses and offering unique investment opportunities for investors. The Mount Lucas Managed Futures Index Strategy ETF, Columbia India Consumer ETF, SPDR EURO STOXX 50 ETF, and Global X MSCI Greece ETF are recommended buys due to their strategic advantages and market positions. Invesco Dorsey Wright Industrials Momentum ETF and CoinShares Bitcoin Miners ETF receive hold ratings due to sector-specific challenges and concerns about diversification and expense ratios.
Neutral
Seeking Alpha
1 month ago
IREN Wasn't On My Radar, But It Should've Been
IREN Limited (IREN) is a Bitcoin miner and AI cloud provider, focusing on renewable energy to reduce costs and maintain profitability. Despite underperforming Bitcoin overall, IREN has gained over 50% in the past year, showing high volatility with a beta of 3.65. The company is expanding its data centers, especially in Texas, and diversifying into AI infrastructure, aiming to boost its EBITDA by 50%.
Neutral
GlobeNewsWire
1 month ago
IREN Secures 2.75GW for Data Centers in West Texas with New 600MW Grid Connection Agreement
SYDNEY, March 17, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today announced the signing of a 600MW grid connection agreement for Sweetwater 2, advancing its 2GW Sweetwater data center hub in West Texas.
Negative
MarketBeat
1 month ago
Crypto Crash Hits These 4 Blockchain Stocks—Is It Time to Buy?
The cryptocurrency market is officially crashing as marketwide bearish sentiment triggers a sell-off among speculators. While the current cryptocurrency crash has been bad news for tokens and blockchain stock values, some investors are taking it as an opportunity to add high-tech holdings to their portfolios.
Positive
Benzinga
1 month ago
Bitcoin Miners Ride The BTC Boom, But Costs Tell A Different Story: JPMorgan Analyst
Bitcoin BTC/USD miners just had one of their best quarters on record, but the real winners aren't just those mining the most coins – it's those keeping costs in check.
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