Iris Energy (IREN)

• Market cap: $10.1B
• 1 day: 9.36%
• 5 days: 30.18%
• 1 month: 88.62%
• 3 months: 257.12%
• 6 months: 405.31%
• Year to date: 255.07%
• 1 year: 380.47%
• 5 years: 51.9%
• 10 years: 51.9%
• Sector: Financials
• Industry: Capital Markets

About: IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy. Bitcoin mining operations generate revenue by earning Bitcoin through a combination of Block rewards and transaction fees from the operation of its Bitcoin miners and exchanging these Bitcoin for fiat currencies such as USD or CAD.

Employees: 257

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

185% more capital invested

Capital invested by funds: $677M [Q1] → $1.93B (+$1.25B) [Q2]

148% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 31

75% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]

71% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 42

28% more funds holding

Funds holding: 160 [Q1] → 204 (+44) [Q2]

10.82% more ownership

Funds ownership: 50.78% [Q1] → 61.6% (+10.82%) [Q2]

18% less call options, than puts

Call options by funds: $775M | Put options by funds: $944M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16
• Avg. target: $32
• High target: $41

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

BTIG Gregory Lewis	$32	Buy Maintained	9 Sep 2025
Macquarie Paul Golding	$33	Outperform Maintained	29 Aug 2025
HC Wainwright & Co. Mike Colonnese	$36	Buy Maintained	29 Aug 2025
Cantor Fitzgerald Brett Knoblauch	$41	Overweight Maintained	29 Aug 2025
B. Riley Securities Lucas Pipes	$29	Buy Maintained	29 Aug 2025