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 7,296 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 4 (+2) [Q1 2025]
48% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 44
5.17% more ownership
Funds ownership: 45.6% [Q4 2024] → 50.78% (+5.17%) [Q1 2025]
13% less funds holding
Funds holding: 183 [Q4 2024] → 160 (-23) [Q1 2025]
23% less capital invested
Capital invested by funds: $883M [Q4 2024] → $677M (-$206M) [Q1 2025]
36% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 59
42% less call options, than puts
Call options by funds: $187M | Put options by funds: $322M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
53%
upside
Avg. target
$19.75
101%
upside
High target
$23
134%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Canaccord Genuity Joseph Vafi | 134%upside $23 | Buy Maintained | 16 May 2025 |
B. Riley Securities Lucas Pipes | 53%upside $15 | Buy Maintained | 15 May 2025 |
Macquarie Paul Golding | 103%upside $20 | Outperform Maintained | 15 May 2025 |
HC Wainwright & Co. Mike Colonnese | 114%upside $21 | Buy Maintained | 15 May 2025 |
Financial journalist opinion
Based on 4 articles about IREN published over the past 30 days
Neutral
GlobeNewsWire
1 day ago
IREN closes upsized $550 million convertible notes offering
SYDNEY, June 13, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $550 million aggregate principal amount of 3.50% convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
3 days ago
IREN prices upsized $500 million convertible notes offering
SYDNEY, June 11, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the pricing of its offering of $500 million aggregate principal amount of 3.50% convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
4 days ago
IREN announces proposed convertible notes offering
SYDNEY, June 10, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced its intention to offer, subject to market and other conditions, $450 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). IREN also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50 million principal amount of notes.
Neutral
GlobeNewsWire
1 week ago
IREN May 2025 Monthly Update
SYDNEY, June 05, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for May 2025.
Positive
Seeking Alpha
1 month ago
A Solid Quarter For IREN Limited, Q3 FY Earnings (Rating Upgrade)
IREN delivered strong Q3-25 results with 172% YoY revenue growth and expanding Bitcoin mining margins, achieving a $24.2 million quarterly profit. The company remains highly dependent on Bitcoin mining but is making promising strides in AI Cloud revenue, which is growing rapidly, albeit from a small base. Shareholder dilution persists, but the stock trades at a reasonable 3x forward sales multiple, in line with sector medians even after recent ATM issuance.
Neutral
Seeking Alpha
1 month ago
IREN Limited (IREN) Q3 2025 Earnings Call Transcript
IREN Limited (NASDAQ:IREN ) Q3 2025 Earnings Conference Call May 14, 2025 5:00 PM ET Company Participants Mike Power - Director of Investor Relations Daniel Roberts - Co-Founder and Co-Chief Executive Officer Kent Draper - Chief Commercial Officer Belinda Nucifora - Chief Financial Officer Conference Call Participants Nick Giles - B. Riley Securities, Inc. Reginald Smith - JPMorgan Chase & Co. Darren Aftahi - ROTH Capital Partners Operator Good day, and thank you for standing by.
Neutral
GlobeNewsWire
1 month ago
IREN Reports Q3 FY25 Results
28% Growth in Profit After Tax Horizon 1 AI Data Center on Track for H2 2025 Pausing Mining Expansion at 50 EH/s to Focus on AI Opportunities SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today reported its financial results for the three and nine months ended March 31, 2025. All $ amounts are in United States Dollars (“USD”) unless otherwise stated.
Positive
Zacks Investment Research
1 month ago
IREN Set to Report Q3 Earnings: What's in Store for the Stock?
IREN Limited's third-quarter fiscal 2025 results benefit from higher bitcoin revenues.
Neutral
GlobeNewsWire
1 month ago
IREN April 2025 Monthly Update
SYDNEY, May 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for April 2025.
Neutral
GlobeNewsWire
1 month ago
IREN to Release Q3 FY25 Results on May 14, 2025
SYDNEY, May 02, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and nine-months ended March 31, 2025, on Wednesday, May 14, 2025 and host a conference call beginning at 5:00 p.m. Eastern Time.
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