IREN (IREN) Stock Overview
Operates in the vertically integrated data center business in Australia and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
IREN Community Fair Values
See what 708 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
IREN Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$56.83 |
| 52 Week High | US$76.87 |
| 52 Week Low | US$8.28 |
| Beta | 4.18 |
| 1 Month Change | 17.44% |
| 3 Month Change | 42.15% |
| 1 Year Change | 523.14% |
| 3 Year Change | 1,537.75% |
| 5 Year Change | n/a |
| Change since IPO | 132.43% |
Recent News & Updates
IREN: Maximizing Energy Efficient High Density Computational Powerhouses via the Impending Hyperscale AI Mining Convergence Inflection Point
IREN Limited is navigating a transformative structural expansion in 2026 as it successfully evolves from a pure-play Bitcoin miner into a diversified high-performance computing powerhouse. The organization has centered its entire operational identity on the monetization of its massive vertically integrated data centers and 100% renewable energy substrate.IREN: Nvidia's Vote Of Confidence And The Demanding Q3 Results (Downgrade)
Summary IREN Limited (IREN) secured Nvidia as a strategic partner with a $3.4B, 5-year contract, expanding its AI hosting capacity target to 5 GW. Cloud AI segment revenue surged 94% QoQ to $33.6M, with gross margin at 86.3%; Microsoft and Nvidia validate IREN's transition leadership. I temporarily downgrade IREN from Strong Buy to Buy, citing near-term share dilution risk, operational losses, and asset depreciation during the AI transition. Despite short-term volatility and losses, I maintain a positive long-term thesis on IREN's leadership in transitioning from bitcoin mining to AI data center hosting. Read the full article on Seeking AlphaIREN's (NASDAQ:IREN) Solid Profits Have Weak Fundamentals
Last week's profit announcement from IREN Limited ( NASDAQ:IREN ) was underwhelming for investors, despite headline...IREN’s main water risk is not misconduct or direct consumption, but being a hyperscale operator in one of the most water-constrained regions
Here is a focused investment-style assessment of water risk for IREN in Texas , especially compared to peers and looking forward. 🇺🇸 IREN Water Risk Analysis (Texas): Investment Perspective 1) Structural context: Texas = high-growth + water stress Texas is becoming one of the largest global hubs for AI and crypto data centers, but: The state already faces structural water scarcity and drought cycles [ thetechedvocate.org ] , [ binance.com ] Data centers could consume tens to >100 billion gallons/year by 2030 [ thetechedvocate.org ] They may reach up to 3–9% of total state water use as AI scales [ thecooldown.com ] Conclusion: Water is not a marginal issue in Texas—it is becoming a system-level constraint on growth.Recent updates
Shareholder Returns
| IREN | US Software | US Market | |
|---|---|---|---|
| 7D | 7.3% | 1.9% | -0.8% |
| 1Y | 523.1% | -8.8% | 27.1% |
Return vs Industry: IREN exceeded the US Software industry which returned -8.8% over the past year.
Return vs Market: IREN exceeded the US Market which returned 27.1% over the past year.
Price Volatility
| IREN volatility | |
|---|---|
| IREN Average Weekly Movement | 14.2% |
| Software Industry Average Movement | 9.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: IREN's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: IREN's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2018 | 257 | Will Roberts | iren.com |
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software.
IREN Limited Fundamentals Summary
| IREN fundamental statistics | |
|---|---|
| Market cap | US$20.75b |
| Earnings (TTM) | US$158.05m |
| Revenue (TTM) | US$757.07m |
Is IREN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IREN income statement (TTM) | |
|---|---|
| Revenue | US$757.07m |
| Cost of Revenue | US$239.26m |
| Gross Profit | US$517.82m |
| Other Expenses | US$359.76m |
| Earnings | US$158.05m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.44 |
| Gross Margin | 68.40% |
| Net Profit Margin | 20.88% |
| Debt/Equity Ratio | 138.4% |
How did IREN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/22 21:42 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IREN Limited is covered by 20 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Charles Beale | Arete Research Services LLP |
| Gautam Chhugani | Bernstein |
| Nicholas Giles | B. Riley Securities, Inc. |