| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2025 | $15.00 → $12.00 | Neutral → Overweight | Analyst |
| 12/20/2024 | $33.00 | Buy | BTIG Research |
| 12/10/2024 | $9.50 → $15.00 | Overweight → Neutral | Analyst |
| 10/2/2024 | $14.00 | Buy | ROTH MKM |
| 9/4/2024 | Hold | Needham | |
| 7/10/2024 | $26.00 | Outperform | Bernstein |
| 6/11/2024 | $23.00 | Overweight | Cantor Fitzgerald |
| 10/11/2023 | $6.00 → $6.50 | Neutral → Overweight | JP Morgan |
| 5/12/2023 | $4.00 → $7.00 | Neutral → Overweight | Cantor Fitzgerald |
| 4/6/2023 | $4.00 | Buy | B. Riley Securities |
28% Growth in Profit After Tax Horizon 1 AI Data Center on Track for H2 2025 Pausing Mining Expansion at 50 EH/s to Focus on AI Opportunities SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the three and nine months ended March 31, 2025. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We're pleased to report another quarter of strong EBITDA and net profit," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "Our focus on large scale data center sites continues to drive rapid growth and strong margins." "With 50 EH/s just weeks away, IRE
SYDNEY, May 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for April 2025. April Highlights Mining capacity increased to 40 EH/s mid-monthOn track for 50 EH/s by June 30Miners scheduled to ship from Southeast Asia (during 90-day pause on reciprocal tariffs)AI Cloud Services revenue continuing to growHorizon 1 AI Data Center on track for H2 2025 deliveryCustomer and financing workstreams progressing Key MetricsApr 25Mar 25Feb 25 Bitcoin Mining Average operating hashrate36.6 EH/s30.3 EH/s28.7 EH/sBitcoin mined3579 BTC533 BTC459 BTCRevenue (per Bitcoin)$86,522$85,012$95,570Electrici
SYDNEY, May 02, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and nine-months ended March 31, 2025, on Wednesday, May 14, 2025 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Wednesday, May 14, 2025 ParticipantRegistration Link Live WebcastUse this link Phone Dial-In with Live Q&AUse this link Participants joining the conference call via the
SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today provided an update on its Bitcoin mining expansion. "We're proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target," said Daniel Roberts, IREN Co-Founder and Co-CEO. "The site team's rapid expansion of data center capacity at Childress coupled with our best-in-class fleet efficiency and low electricity costs has positioned IREN as one of the largest scale, lowest-cost producers of Bitcoin. We expect to maintain this momentum as we continue to scale mining capacity towards 50 EH/s over the coming months." IREN has increased its instal
SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for March 2025. March Highlights Operating data center capacity increased to 660MWBitcoin mining capacity now 37 EH/s, up from 31 EH/sOn track for 50 EH/s in H1 2025Pausing mining expansion at 52 EH/s for AI / HPCNew 600MW grid connection agreement signed2.75GW now secured for data centers in West TexasProgressing debt financing workstreams Key MetricsMar 25Feb 25Jan 25 Bitcoin Mining Average operating hashrate30.3 EH/s28.7 EH/s29.0 EH/sBitcoin mined3533 BTC459 BTC521 BTCRevenue (per Bitcoin)$85,012 $95,570 $99,789 Elec
Bitcoin Mining Expansion Paused at 52 EH/s Progressing Debt Financing Workstreams SYDNEY, March 31, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today provided a business update and strategic outlook, highlighting momentum in its AI/HPC segments and an evolving capital allocation strategy aligned with current market conditions. "As we near completion of our 50 EH/s mining expansion, our focus is shifting to the next phase of growth and delivering scalable infrastructure for AI and HPC through our AI Cloud Services and AI Data Center businesses," said Daniel Roberts, IREN Co-Founder and Co-CEO. "Our capital strategy prioritizes customer
SYDNEY, March 20, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or the "Company"), today announced that, in connection with the Securities and Exchange Commission's ("SEC") review of its Form 20-F for the fiscal year ended June 30, 2024 (the "SEC Review"), and following review and consultation with management and upon the recommendation of the Audit and Risk Committee, the Board of Directors of the Company concluded that its previously issued consolidated financial statements for the fiscal years ended June 30, 2024, 2023 and 2022, as well as the unaudited interim condensed consolidated financial statements for the three months ended September
SYDNEY, March 17, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today announced the signing of a 600MW grid connection agreement for Sweetwater 2, advancing its 2GW Sweetwater data center hub in West Texas. "Securing this additional 600MW further solidifies our competitive position as a leader in scalable data center infrastructure," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "While many talk about MW pipelines, our 2.75GW in West Texas is fully contracted, minimizing development risk and ensuring real, deliverable capacity." Why West Texas? Power: One of the world's largest renewable energy markets, offering scalable, lo
SYDNEY, March 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for February 2025. February Highlights Resilient mining hardware profit margin (70%)Ramping up to 50 EH/s over the next 4 monthsAI Cloud Service nearing full utilization at end of FebAI Data Center ‘Horizon 1' customer diligence ongoingCommenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 2026Finalizing 600MW Sweetwater 2 connection agreement Key MetricsFeb 25*Jan 25Dec 24Bitcoin Mining Average operating hashrate28.7 EH/s29.0 EH/s28.1 EH/sBitcoin mined3459 BTC521 BTC529 BTCRevenue (per Bitco
Record Revenue, $53.7m Operating Cashflow, $18.9m NPAT 75MW Liquid-Cooled Childress Data Center for AI / HPC ("Horizon 1") Developing New 600MW Sweetwater 2 Site SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the three and six months ended December 31, 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We are pleased to report our Q2 FY25 results with record revenue and operating cashflow," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "The strategic investments we have made in scale and efficiency are starting to flow through t
S-8 - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
SCHEDULE 13G/A - IREN Ltd (0001878848) (Subject)
6-K - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
SCHEDULE 13G - IREN Ltd (0001878848) (Subject)
6-K - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
6-K/A - IREN Ltd (0001878848) (Filer)
28% Growth in Profit After Tax Horizon 1 AI Data Center on Track for H2 2025 Pausing Mining Expansion at 50 EH/s to Focus on AI Opportunities SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the three and nine months ended March 31, 2025. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We're pleased to report another quarter of strong EBITDA and net profit," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "Our focus on large scale data center sites continues to drive rapid growth and strong margins." "With 50 EH/s just weeks away, IRE
SYDNEY, May 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for April 2025. April Highlights Mining capacity increased to 40 EH/s mid-monthOn track for 50 EH/s by June 30Miners scheduled to ship from Southeast Asia (during 90-day pause on reciprocal tariffs)AI Cloud Services revenue continuing to growHorizon 1 AI Data Center on track for H2 2025 deliveryCustomer and financing workstreams progressing Key MetricsApr 25Mar 25Feb 25 Bitcoin Mining Average operating hashrate36.6 EH/s30.3 EH/s28.7 EH/sBitcoin mined3579 BTC533 BTC459 BTCRevenue (per Bitcoin)$86,522$85,012$95,570Electrici
SYDNEY, May 02, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three and nine-months ended March 31, 2025, on Wednesday, May 14, 2025 and host a conference call beginning at 5:00 p.m. Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations Webcast and Conference Call DetailsTime & Date:5:00 p.m. Eastern Time, Wednesday, May 14, 2025 ParticipantRegistration Link Live WebcastUse this link Phone Dial-In with Live Q&AUse this link Participants joining the conference call via the
SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today provided an update on its Bitcoin mining expansion. "We're proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target," said Daniel Roberts, IREN Co-Founder and Co-CEO. "The site team's rapid expansion of data center capacity at Childress coupled with our best-in-class fleet efficiency and low electricity costs has positioned IREN as one of the largest scale, lowest-cost producers of Bitcoin. We expect to maintain this momentum as we continue to scale mining capacity towards 50 EH/s over the coming months." IREN has increased its instal
SYDNEY, April 04, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for March 2025. March Highlights Operating data center capacity increased to 660MWBitcoin mining capacity now 37 EH/s, up from 31 EH/sOn track for 50 EH/s in H1 2025Pausing mining expansion at 52 EH/s for AI / HPCNew 600MW grid connection agreement signed2.75GW now secured for data centers in West TexasProgressing debt financing workstreams Key MetricsMar 25Feb 25Jan 25 Bitcoin Mining Average operating hashrate30.3 EH/s28.7 EH/s29.0 EH/sBitcoin mined3533 BTC459 BTC521 BTCRevenue (per Bitcoin)$85,012 $95,570 $99,789 Elec
Bitcoin Mining Expansion Paused at 52 EH/s Progressing Debt Financing Workstreams SYDNEY, March 31, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today provided a business update and strategic outlook, highlighting momentum in its AI/HPC segments and an evolving capital allocation strategy aligned with current market conditions. "As we near completion of our 50 EH/s mining expansion, our focus is shifting to the next phase of growth and delivering scalable infrastructure for AI and HPC through our AI Cloud Services and AI Data Center businesses," said Daniel Roberts, IREN Co-Founder and Co-CEO. "Our capital strategy prioritizes customer
SYDNEY, March 20, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or the "Company"), today announced that, in connection with the Securities and Exchange Commission's ("SEC") review of its Form 20-F for the fiscal year ended June 30, 2024 (the "SEC Review"), and following review and consultation with management and upon the recommendation of the Audit and Risk Committee, the Board of Directors of the Company concluded that its previously issued consolidated financial statements for the fiscal years ended June 30, 2024, 2023 and 2022, as well as the unaudited interim condensed consolidated financial statements for the three months ended September
SYDNEY, March 17, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN"), today announced the signing of a 600MW grid connection agreement for Sweetwater 2, advancing its 2GW Sweetwater data center hub in West Texas. "Securing this additional 600MW further solidifies our competitive position as a leader in scalable data center infrastructure," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "While many talk about MW pipelines, our 2.75GW in West Texas is fully contracted, minimizing development risk and ensuring real, deliverable capacity." Why West Texas? Power: One of the world's largest renewable energy markets, offering scalable, lo
SYDNEY, March 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for February 2025. February Highlights Resilient mining hardware profit margin (70%)Ramping up to 50 EH/s over the next 4 monthsAI Cloud Service nearing full utilization at end of FebAI Data Center ‘Horizon 1' customer diligence ongoingCommenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 2026Finalizing 600MW Sweetwater 2 connection agreement Key MetricsFeb 25*Jan 25Dec 24Bitcoin Mining Average operating hashrate28.7 EH/s29.0 EH/s28.1 EH/sBitcoin mined3459 BTC521 BTC529 BTCRevenue (per Bitco
Record Revenue, $53.7m Operating Cashflow, $18.9m NPAT 75MW Liquid-Cooled Childress Data Center for AI / HPC ("Horizon 1") Developing New 600MW Sweetwater 2 Site SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today reported its financial results for the three and six months ended December 31, 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "We are pleased to report our Q2 FY25 results with record revenue and operating cashflow," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "The strategic investments we have made in scale and efficiency are starting to flow through t
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
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SC 13G - Iris Energy Ltd (0001878848) (Subject)
Analyst upgraded IREN Limited from Neutral to Overweight and set a new price target of $12.00 from $15.00 previously
BTIG Research initiated coverage of IREN Limited with a rating of Buy and set a new price target of $33.00
Analyst downgraded Iris Energy from Overweight to Neutral and set a new price target of $15.00 from $9.50 previously
ROTH MKM initiated coverage of Iris Energy with a rating of Buy and set a new price target of $14.00
Needham initiated coverage of Iris Energy with a rating of Hold
Bernstein initiated coverage of Iris Energy with a rating of Outperform and set a new price target of $26.00
Cantor Fitzgerald resumed coverage of Iris Energy with a rating of Overweight and set a new price target of $23.00
JP Morgan upgraded Iris Energy from Neutral to Overweight and set a new price target of $6.50 from $6.00 previously
Cantor Fitzgerald upgraded Iris Energy from Neutral to Overweight and set a new price target of $7.00 from $4.00 previously
B. Riley Securities initiated coverage of Iris Energy with a rating of Buy and set a new price target of $4.00
SYDNEY, July 16, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. The Company is pleased to announce it has appointed Morgan Stanley & Co. LLC as financial advisor in connection with evaluating monetization opportunities in the AI data center market. About IREN IREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 30 EH/
SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee. During her career as a senior technology executive, Ms. Parasuraman has built and scaled world-class teams at Meta (Facebook), VMware, Genentech, and Apple. Ms. Parasuraman most recently served as the Head of Investments, New Product Experimentation at Meta (Facebook) and, prior to that,
Average operating capacity increased by 39% to 5.5 EH/s Fully-funded expansion to 6.5 EH/s underway New auditor appointed SYDNEY, Australia, June 06, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for May 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2May-23Average operating hashrate (PH/s)5,510Bitcoin mined508Mining revenue (US$'000)13,526Electricity costs (US$'000)6,056Revenue per Bitcoin (US$
SYDNEY, Australia, May 22, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "Iris Energy", "the Company" or "the Group"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of a new accounting firm. The Company is pleased to advise the appointment of Raymond Chabot Grant Thornton LLP ("RCGT") as the Company's independent registered public accounting firm, effective May 19, 2023. RCGT is a Canadian member of Grant Thornton International Ltd, one of the world's largest accounting firms offering assurance, tax and advisory services.