Privium Fund Management B.V. Boosts Stake in IREN Limited $IREN

Key Points

• Privium Fund Management raised its stake in IREN by 115.4% in Q4 to 280,000 shares (about $10.58M), making IREN 1.9% of its portfolio and the firm's 15th largest holding.
• IREN’s strategic moves include an all‑share acquisition of Mirantis (≈$625M at signing) and energization of the 1.4 GW Sweetwater 1 data center to bolster AI cloud software and GPU hosting capabilities.
• The Mirantis deal is stock‑only and poses integration and dilution risk, and IREN faces near‑term headwinds after reporting revenue down 23.1% year‑over‑year and an EPS miss.

Privium Fund Management B.V. raised its position in shares of IREN Limited (NASDAQ:IREN - Free Report) by 115.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 280,000 shares of the company's stock after acquiring an additional 150,000 shares during the period. IREN makes up 1.9% of Privium Fund Management B.V.'s portfolio, making the stock its 15th biggest position. Privium Fund Management B.V. owned about 0.10% of IREN worth $10,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in IREN by 3.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 72,072 shares of the company's stock valued at $2,722,000 after acquiring an additional 2,312 shares during the period. Morse Asset Management Inc grew its position in IREN by 7.1% during the fourth quarter. Morse Asset Management Inc now owns 78,877 shares of the company's stock valued at $2,979,000 after acquiring an additional 5,235 shares during the period. Truist Financial Corp grew its position in IREN by 4.0% during the fourth quarter. Truist Financial Corp now owns 53,819 shares of the company's stock valued at $2,033,000 after acquiring an additional 2,053 shares during the period. CENTRAL TRUST Co purchased a new stake in IREN during the fourth quarter valued at about $47,000. Finally, Oppenheimer & Co. Inc. grew its position in IREN by 257.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 26,958 shares of the company's stock valued at $1,018,000 after acquiring an additional 19,423 shares during the period. Hedge funds and other institutional investors own 41.08% of the company's stock.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Acquisition of Mirantis: IREN signed a definitive agreement to acquire Mirantis in an all‑share transaction (~$625M at signing), adding Kubernetes orchestration, cloud‑native software and enterprise support capabilities that expand IREN’s ability to sell higher‑value AI cloud services on top of GPU infrastructure. IREN Announces Acquisition of Mirantis
• Positive Sentiment: Sweetwater 1 energization: IREN energized its 1.4 GW Sweetwater 1 data center in Texas, de‑risking capacity expansion and supporting the company’s AI scale narrative (more usable power to host GPUs and customer workloads). IREN announces energization of Sweetwater 1
• Neutral Sentiment: Market and analyst backdrop is mixed: Street coverage and price targets vary widely (median targets near $70 but several $39–$80 estimates), reflecting differing views on AI revenue traction versus execution risk. This contributes to both upside enthusiasm and caution. IREN jumps on Mirantis acquisition news
• Negative Sentiment: Execution, integration and dilution risks: The deal is stock‑only and closing is subject to conditions and approvals — investors should expect share issuance (dilution) and integration risk as Mirantis is folded into IREN’s AI Cloud strategy. Near‑term financials could remain pressured while the business mixes shift. IREN jumps on Mirantis acquisition news
• Negative Sentiment: Recent operating/earnings weakness: The company has reported revenue declines and recent EPS misses, and analysts flag falling bitcoin revenues and rising costs as potential near‑term headwinds that could limit how quickly the acquisition lifts results. IREN to Report Q3 Earnings

Wall Street Analysts Forecast Growth

IREN has been the subject of a number of research reports. HC Wainwright raised IREN from a "sell" rating to a "buy" rating and set a $80.00 price target for the company in a research report on Tuesday, January 13th. Cantor Fitzgerald lowered their price target on IREN to $61.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Canaccord Genuity Group reissued a "buy" rating and set a $70.00 price target on shares of IREN in a research report on Tuesday, February 10th. Freedom Capital raised IREN to a "hold" rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings downgraded IREN from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.08.

IREN Trading Up 10.6%

Shares of IREN opened at $54.74 on Wednesday. The company has a market capitalization of $18.19 billion, a P/E ratio of 41.16 and a beta of 4.17. IREN Limited has a one year low of $6.01 and a one year high of $76.87. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. The stock has a 50-day moving average price of $41.99 and a 200 day moving average price of $46.75.

IREN (NASDAQ:IREN - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.37). The business had revenue of $184.69 million during the quarter, compared to analysts' expectations of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. IREN's quarterly revenue was down 23.1% compared to the same quarter last year. Sell-side analysts forecast that IREN Limited will post -0.8 EPS for the current fiscal year.

IREN 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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