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Iris Energy

IREN

Market cap $9.44B

23.95 USD

-2.30

8.76%

At close Updated Oct 30, 4:00 PM EDT

Pre-market

After hours

24.11

+0.16

0.67%

1 day

-8.76%

5 days

-0.33%

1 month

-41.41%

3 months

-37.4%

6 months

-47.37%

Year to date

-43.91%

1 year

-58.86%

5 years

-2.04%

10 years

-2.04%

About: IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. The company is in the process of converting its existing bitcoin capacity for AI purposes and securing new power and land supply to expand its data center operations. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.

Employees: 685

Financials Capital Markets

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 48.1%

Neutral 22.7%

Negative 29.3%

IREN Limited: A Strong Buy As AI Capacity Builds Toward Higher Future Earnings

IREN earns a Strong Buy in my model. The $185.85 base scenario for 2030 represents approximately 560% upside from the $28.17 reference price. The gap between current results and AI earnings potential interests me. Converting contracted demand into revenue requires credible delivery, disciplined capital allocation, and scalable margins. My model allows for depreciation, interest, and dilution. The $50 bear scenario is a slower growth case, not a floor under the stock.

IREN Limited: A Strong Buy As AI Capacity Builds Toward Higher Future Earnings

The Motley Fool

3 AI Stocks to Buy and Hold Through 2030

Data center spending could require $3 trillion in the next three years, and Iren, Broadcom, and TSMC each supply a different layer. Demand for Broadcom's XPUs is soaring, and Wall Street analysts expect Iren's fiscal 2029 EBITDA to reach nearly $10 billion.

3 AI Stocks to Buy and Hold Through 2030

Zacks Investment Research

IREN Limited (IREN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

IREN Limited (IREN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

IREN Limited (IREN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Zacks Investment Research

Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy?

NBIS and IREN are expanding AI infrastructure amid surging demand, but differences in revenue growth, financing needs and valuation set the two stocks apart.

Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy?

Zacks Investment Research

5 Winning Leveraged ETFs Of October

Leveraged ETFs delivered massive gains in October despite market volatility. Explore four funds that emerged as big winners.

5 Winning Leveraged ETFs Of October

IREN: A $25 Stock That Trades Like A Call Option On The 2027 Build

IREN is a leveraged play on AI data center buildout, with equity resembling a long-dated call option. Despite heavy dilution and $12B in additional funding needs, IREN's $4B contracted ARR and Microsoft partnership underpin a Buy rating. At 6.3x base case FY28 EBITDA, the market prices in significant execution risk; I target $37.65 (48% upside) with high volatility.

IREN: A $25 Stock That Trades Like A Call Option On The 2027 Build

CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

CoreWeave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity. It's been a rocky past few weeks for neoclouds on concern that rising interest rates will make their buildouts too costly.

CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

IREN Stock: The AI Boom Is Hiding A Bigger Problem

IREN Limited stock is down 30% in the recent AI selloff. Funding and cost of capital concerns have been driving the negative sentiment. Despite infrastructure growth and the Mirantis acquisition, IREN remains closer to a bare-metal provider than a full-stack AI cloud platform.

IREN Stock: The AI Boom Is Hiding A Bigger Problem

IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets

TUSTIN, Calif. & SYDNEY--(BUSINESS WIRE)--Wingspire Equipment Finance and IREN Limited (NASDAQ: IREN) (“IREN”) announced the closing of a $363 million equipment financing transaction supporting IREN's AI compute business.The Equipment Finance Agreement refinanced recently acquired, revenue-generating AI compute infrastructure, including GPU-based servers and networking systems deployed in high-density data center environments. Wingspire Equipment Finance completed the transaction with a six-lend.

IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets

24/7 Wall Street

AI Infrastructure Stocks Rise as Rebound From Steep Selloff Extends: Cipher Digital Jumps 8%, IREN Climbs 7%, TeraWulf Gains 5%

AI infrastructure names are extending their rebound from a steep selloff. Gains are spread across former Bitcoin miners that now build data centers for AI and high-performance computing (HPC) tenants.

AI Infrastructure Stocks Rise as Rebound From Steep Selloff Extends: Cipher Digital Jumps 8%, IREN Climbs 7%, TeraWulf Gains 5%

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