IREN Limited $IREN Shares Sold by Balefire LLC

Key Points

• Balefire LLC cut its stake in IREN by 44.2% in Q4, selling 28,877 shares and retaining 36,433 shares worth about $1.376 million per its latest 13F filing.
• IREN is shifting from bitcoin mining toward AI compute with partner deals (Microsoft, Nvidia, Dell) and roughly $9.3 billion of funding to support a planned 150k GPU rollout, a narrative that lifts long‑term upside but is tempered by recent missed revenue/EPS, rising leverage concerns, and mixed analyst views (consensus "Moderate Buy" and a $71.69 target).

Balefire LLC reduced its stake in shares of IREN Limited (NASDAQ:IREN - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,433 shares of the company's stock after selling 28,877 shares during the period. Balefire LLC's holdings in IREN were worth $1,376,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Management Partners LLC grew its holdings in IREN by 21.6% in the fourth quarter. Wealth Management Partners LLC now owns 12,659 shares of the company's stock valued at $478,000 after purchasing an additional 2,250 shares during the period. DKM Wealth Management Inc. raised its stake in IREN by 18.2% during the fourth quarter. DKM Wealth Management Inc. now owns 7,237 shares of the company's stock worth $273,000 after purchasing an additional 1,115 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of IREN by 55.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,183 shares of the company's stock valued at $309,000 after purchasing an additional 2,932 shares during the last quarter. Procyon Advisors LLC purchased a new stake in shares of IREN during the 4th quarter valued at $255,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of IREN during the 4th quarter valued at $28,000. 41.08% of the stock is owned by institutional investors and hedge funds.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Seeking Alpha highlights IREN's transition from bitcoin mining to a vertically integrated AI-compute player with large partner deals (Microsoft, Nvidia, Dell) and sizable AI revenue growth — a narrative that supports higher long-term valuation and investor interest. IREN's Power Moat: Winning The AI Race
• Positive Sentiment: Broader Wall Street optimism for AI names lifts sentiment for GPU/data-center plays like IREN, providing momentum tailwinds if the company executes on its expansion. Wall Street Predicts These 3 AI Stocks Will Double in 4 Years
• Neutral Sentiment: Zacks included IREN in an AI-focused investment ideas roundup, signaling analyst attention but not a specific buy/sell verdict. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Multiple short-interest reports today appear to show a large increase but contain inconsistent/zero values (NaN/0 shares) and days‑to‑cover = 0.0 — noisy data that currently provides no clear signal on bearish positioning.
• Neutral Sentiment: Zacks examines whether IREN’s ~$9.3B funding will cover rollout of 150k GPUs; funding largely does, but execution timing is critical — a watchpoint for near-term returns. Will IREN's $9.3B Funding Cover Its 150K GPU Expansion Costs?
• Negative Sentiment: Comparative analysis (Zacks/Yahoo) favors Circle (CRCL) over IREN on near-term revenue growth and estimate momentum, suggesting IREN faces near-term transition pressure vs. pure-play crypto/fiat-exposure peers. IREN vs. CRCL: Which Crypto-Exposure Stock Has an Edge Right Now?
• Negative Sentiment: IREN coverage flags rising leverage and valuation risk as the company straddles Bitcoin and AI infrastructure exposure; investors should watch debt levels and margin sensitivity if macro or crypto sentiment weakens. Is IREN (IREN) Quietly Becoming a Leveraged Bet on Both Bitcoin and AI Infrastructure Demand?
• Negative Sentiment: IREN’s CEO warned that AI buildout is a “permanent whack‑a‑mole” bottleneck, underscoring operational and capacity challenges that could slow deployment and margin realization. IREN CEO: AI buildout is 'permanent whack-a-mole' — and that's the real bottleneck

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IREN. Cantor Fitzgerald cut their target price on IREN to $82.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Weiss Ratings upgraded IREN from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 9th. B. Riley Financial restated a "buy" rating on shares of IREN in a research note on Friday, February 6th. Wall Street Zen downgraded IREN from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $70.00 price objective on shares of IREN in a research note on Tuesday, February 10th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $71.69.

IREN Stock Performance

Shares of NASDAQ:IREN opened at $41.12 on Wednesday. The company has a market cap of $13.66 billion, a P/E ratio of 30.92 and a beta of 4.31. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The business's 50-day simple moving average is $45.97 and its 200 day simple moving average is $47.60.

IREN (NASDAQ:IREN - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.37). IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The company had revenue of $184.69 million during the quarter, compared to analysts' expectations of $229.64 million. The business's revenue was down 23.1% on a year-over-year basis. On average, sell-side analysts forecast that IREN Limited will post 0.43 earnings per share for the current fiscal year.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

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