370,150 Shares of IREN Limited $IREN Purchased by Privium Fund Management B.V.

Key Points

• Privium Fund Management bought 370,150 IREN shares in the third quarter, worth about $15.1 million. The position represented 2.9% of its portfolio and 0.09% of IREN’s shares.
• IREN reported a quarterly loss of $0.66 per share, narrower than analysts’ expected $0.72 loss; revenue of $228 million was roughly in line with estimates.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $69.54, though Cantor Fitzgerald cut its target to $47. Institutional investors and hedge funds collectively owned 41.08% of the stock.

Privium Fund Management B.V. purchased a new position in IREN Limited (NASDAQ:IREN - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 370,150 shares of the company's stock, valued at approximately $15,132,000. IREN makes up about 2.9% of Privium Fund Management B.V.'s holdings, making the stock its 11th largest position. Privium Fund Management B.V. owned 0.09% of IREN at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of IREN by 177.5% during the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company's stock worth $32,000 after acquiring an additional 442 shares during the period. Hollencrest Capital Management raised its position in shares of IREN by 50.0% in the 1st quarter. Hollencrest Capital Management now owns 1,050 shares of the company's stock worth $36,000 after acquiring an additional 350 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of IREN by 521.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company's stock worth $47,000 after acquiring an additional 870 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of IREN by 5,159.1% in the 2nd quarter. MCF Advisors LLC now owns 1,157 shares of the company's stock valued at $53,000 after purchasing an additional 1,135 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of IREN in the 1st quarter valued at approximately $59,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

IREN Stock Up 20.0%

Shares of NASDAQ IREN traded up $3.61 during trading on Friday, reaching $21.64. The company had a trading volume of 112,473,833 shares, compared to its average volume of 56,795,948. IREN Limited has a 12-month low of $17.16 and a 12-month high of $70.71. The stock has a market cap of $8.53 billion, a PE ratio of -5.30 and a beta of 4.33. The business's 50-day moving average is $35.87 and its 200 day moving average is $43.60. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.06. The firm had revenue of $228.00 million during the quarter, compared to analyst estimates of $228.26 million. IREN had a negative return on equity of 15.46% and a negative net margin of 99.38%. As a group, equities analysts forecast that IREN Limited will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered IREN from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, October 28th. BTIG Research reiterated a "buy" rating on shares of IREN in a report on Friday. Sanford C. Bernstein reissued an "outperform" rating and set a $100.00 price objective on shares of IREN in a research report on Thursday, August 13th. Northland Securities initiated coverage on IREN in a research report on Friday, September 18th. They set an "outperform" rating and a $99.00 price objective for the company. Finally, Cantor Fitzgerald reduced their target price on shares of IREN from $99.00 to $47.00 and set an "overweight" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.54.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company's Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

IREN Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN's operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.

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