Regal Partners Ltd Sells 677,851 Shares of IREN Limited $IREN

Key Points

• Regal Partners Ltd cut its IREN stake by 82.6%, selling 677,851 shares in Q3 and now holds 142,457 shares (about 0.05% of IREN, ~$6.69M), making it the firm's 28th‑largest holding.
• IREN is pushing into AI infrastructure—agreeing to buy 50,000 NVIDIA B300 GPUs to expand toward ~150,000 GPUs and targeting roughly $3.7B AI cloud ARR by late‑2026—but faces near‑term risks from a recent EPS/revenue miss, a large ~$6B ATM equity program that raises dilution concerns, and short‑seller criticism.

Regal Partners Ltd trimmed its stake in shares of IREN Limited (NASDAQ:IREN - Free Report) by 82.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 142,457 shares of the company's stock after selling 677,851 shares during the quarter. IREN comprises about 0.5% of Regal Partners Ltd's portfolio, making the stock its 28th biggest holding. Regal Partners Ltd owned approximately 0.05% of IREN worth $6,686,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in IREN in the third quarter valued at about $25,000. Allianz SE acquired a new stake in IREN during the third quarter worth about $57,000. Sherman Asset Management Inc. acquired a new stake in IREN during the third quarter worth about $59,000. Advisors Asset Management Inc. increased its holdings in IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company's stock valued at $66,000 after buying an additional 1,839 shares during the period. Finally, Vermillion Wealth Management Inc. bought a new position in IREN in the 3rd quarter valued at about $74,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IREN has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of IREN in a report on Thursday, December 18th. They set a "neutral" rating and a $39.00 price target for the company. Weiss Ratings cut shares of IREN from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their price objective on shares of IREN from $28.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, November 24th. HC Wainwright upgraded IREN from a "sell" rating to a "buy" rating and set a $80.00 target price for the company in a research note on Tuesday, January 13th. Finally, Zacks Research raised IREN from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $71.69.

IREN Stock Down 8.5%

IREN stock opened at $36.70 on Friday. The firm has a 50-day moving average price of $46.58 and a 200-day moving average price of $45.98. IREN Limited has a 12 month low of $5.13 and a 12 month high of $76.87. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $12.19 billion, a P/E ratio of 27.59 and a beta of 4.31.

IREN (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.37). The company had revenue of $184.69 million for the quarter, compared to the consensus estimate of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The firm's revenue was down 23.1% on a year-over-year basis. As a group, equities research analysts anticipate that IREN Limited will post 0.43 EPS for the current fiscal year.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large Nvidia GPU buildout lifts long‑term revenue potential — IREN agreed to buy 50,000 NVIDIA B300 GPUs, expanding its fleet toward 150,000 GPUs to support AI cloud capacity. This materially increases compute scale and underpins the company’s AI revenue targets. DataCenterDynamics: IREN purchases 50,000 NVIDIA B300 GPUs
• Positive Sentiment: Ambitious AI revenue targets and large corporate deals could drive meaningful growth — management is targeting roughly $3.7B AI cloud ARR by late‑2026 and public commentary references a sizeable Microsoft‑related contract that supports the pivot from mining to AI infrastructure. These milestones are the core bullish case. Seeking Alpha: IREN buying an AI infrastructure giant
• Neutral Sentiment: Strong prior fundraising and capital access — IREN has raised multiple billions (~$9.3B cited historically) to finance GPU expansion, which both supports growth and changes financing flexibility; investors will watch execution and ROI. Yahoo Finance: The Bull Case For IREN
• Negative Sentiment: Large at‑the‑market (ATM) / equity program raises dilution worries — IREN expanded its ATM capacity (about $6B reported), and concurrently opened an equity offering to fund the GPU buildout; investors are concerned about near‑term share dilution and timing of issuance. Yahoo Finance: IREN expands GPU fleet, opens $6B equity offering
• Negative Sentiment: Short‑seller spotlight and guidance questions amplified selling pressure — Jim Chanos publicly criticized the $6B equity filing and flagged the company’s lack of clarity around a cited $500M revenue guidance figure, increasing investor caution. MSN: Jim Chanos sounds alarm
• Negative Sentiment: Recent fundamental miss and macro/geopolitical noise — IREN’s prior quarterly results missed EPS and revenue estimates, and geopolitical headlines (Iran‑related) have been flagged as an additional near‑term risk to sentiment and partnerships. Seeking Alpha: Geopolitical noise discussion

About IREN

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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