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IREN (IREN) Stock Price, News & Analysis

IREN logo
$43.83 +0.19 (+0.44%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$43.78 -0.05 (-0.10%)
As of 09/11/2026 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

About IREN Stock (NASDAQ:IREN)

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Key Stats

Today's Range
$43.28
$45.09
50-Day Range
$29.31
$46.93
52-Week Range
$28.93
$76.87
Volume
28.97 million shs
Average Volume
41.08 million shs
Market Capitalization
$17.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$81.57
Consensus Rating
Moderate Buy

Company Overview

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure. Its business includes self-mining Bitcoin and developing cloud services that support artificial intelligence workloads, including applications requiring advanced graphics processing units. The company has positioned its platform to serve the growing demand for energy-efficient, high-capacity computing.

Founded in 2018 and listed on the Nasdaq under the symbol IREN in 2021, the company has developed operations in North America, including data center sites in the United States and Canada. IREN was co-founded by Daniel Roberts, who serves as chief executive officer, and Will Roberts, who serves as chief operating officer. The company was rebranded from Iris Energy to IREN as it expanded its focus beyond cryptocurrency mining and into broader computing infrastructure.

AI Generated. May Contain Errors.

IREN Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
80th Percentile Overall Score

IREN MarketRank™: 

IREN scored higher than 80% of companies evaluated by MarketBeat, and ranked 185th out of 596 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    IREN has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 1 strong buy rating, 15 buy ratings, 3 hold ratings, and 2 sell ratings.

  • Upside Potential

    IREN has a consensus price target of $81.57, representing about 86.1% upside from its current price of $43.83.

  • Amount of Analyst Coverage

    IREN has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about IREN's stock forecast and price target.
  • Earnings Growth

    Earnings for IREN are expected to grow by 838.24% in the coming year, from $0.34 to $3.19 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of IREN is -18.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of IREN is -18.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    IREN has a P/B Ratio of 3.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about IREN's valuation and earnings.
  • Percentage of Shares Shorted

    25.01% of the float of IREN has been sold short.
  • Short Interest Ratio / Days to Cover

    IREN has a short interest ratio ("days to cover") of 2.06, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in IREN has recently decreased by 0.67%, indicating that investor sentiment is improving.
  • Dividend Yield

    IREN does not currently pay a dividend.

  • Dividend Growth

    IREN does not have a long track record of dividend growth.

  • News Sentiment

    IREN has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.84 average news sentiment score of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 46 news articles for IREN this week, compared to 9 articles on an average week.
  • Search Interest

    Only 343 people have searched for IREN on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • MarketBeat Follows

    87 people have added IREN to their MarketBeat watchlist in the last 30 days. This is an increase of 89% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, IREN insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    5.02% of the stock of IREN is held by insiders.

  • Percentage Held by Institutions

    41.08% of the stock of IREN is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about IREN's insider trading history.
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IREN Stock News Headlines

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Donald Trump and Bernie Sanders rarely agree on anything, yet both are steering the country toward the same economic system, according to veteran analyst Porter Stansberry. The government has already taken stakes in companies like Intel, Lithium Americas, and MP Materials, while political rhetoric on both sides points toward deeper centralization. Stansberry has spent months investigating what this bipartisan shift could mean for investors navigating the months ahead.tc pixel
Mining Stocks Worth Watching - September 8th
Server racks with blue lighting in a data center, with a candlestick stock price chart displayed on a monitor.
Short Sellers Are Betting Against 3 AI Infrastructure Stocks—What Could Turn the Tide? (IREN)
Super Micro Computer, CoreWeave, and IREN all carry heavy short interest as investors weigh rapid AI infrastructure growth against margin, cash flow, and spending concerns.
Illuminated IREN logo sign outside a data center building at night, with wind turbines and server racks visible.
IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
IREN's fiscal Q4 revenue fell year-over-year but beat estimates as AI cloud revenue surged, even as shares dropped and management pointed to 2029-2030 for sustained profitability.
Riot Platforms logo overlaid on an aerial view of a large data center facility with adjacent electrical substation.
Riot Platforms Re-Wires the Ledger for a $9B AI Power Play (IREN)
Riot Platforms posted a $237.2M net loss, but a 20-year, $9.1B Anthropic data center lease at Rockdale signals its pivot from crypto mining to AI hosting infrastructure.
See More Headlines

IREN Stock Analysis - Frequently Asked Questions

IREN's stock was trading at $37.77 at the beginning of the year. Since then, IREN stock has increased by 16.0% and is now trading at $43.83.

IREN Limited (NASDAQ:IREN) issued its earnings results on Friday, May, 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.03. The company had revenue of $144.80 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a negative trailing twelve-month return on equity of 15.46% and a negative net margin of 99.38%.
Read the conference call transcript
.

IREN (IREN) raised $215 million in an initial public offering (IPO) on Wednesday, November 17th 2021. The company issued 8,269,231 shares at $25.00-$27.00 per share.

Top institutional shareholders of IREN include California State Teachers Retirement System (6.43%), Situational Awareness LP (2.65%), JW Asset Management LLC (0.04%) and FirstWave Capital Management LLC (0.03%). Insiders that own company stock include Daniel John Roberts and Christopher Guzowski.
View institutional ownership trends
.

Shares of IREN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that IREN investors own include Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
5/08/2026
Today
9/12/2026
Next Earnings (Estimated)
11/05/2026
Fiscal Year End
6/30/2027

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Software
Sub-Industry
Application Software
Current Symbol
NASDAQ:IREN
Previous Symbol
NASDAQ:IREN
CIK
1878848
Fax
N/A
Employees
685
Year Founded
N/A

Price Target and Rating

High Price Target
$100.00
Low Price Target
$46.00
Potential Upside/Downside
+86.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
21 Analysts

Profitability

EPS (Trailing Twelve Months)
($2.34)
Trailing P/E Ratio
N/A
Forward P/E Ratio
128.91
P/E Growth
N/A
Net Income
-$702.62 million
Net Margins
-99.38%
Pretax Margin
-100.24%
Return on Equity
-15.46%
Return on Assets
-5.51%

Debt

Debt-to-Equity Ratio
1.80
Current Ratio
3.55
Quick Ratio
3.55

Sales & Book Value

Annual Sales
$707.01 million
Price / Sales
24.43
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$11.01 per share
Price / Book
3.98

Miscellaneous

Outstanding Shares
394,060,000
Free Float
374,277,000
Market Cap
$17.27 billion
Optionable
Optionable
Beta
4.28
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This page (NASDAQ:IREN) was last updated on 9/12/2026 by MarketBeat.com Staff.
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