Analyst downgraded IREN Limited from Overweight to Neutral and set a new price target of $16.00

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

SYDNEY, July 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) today announced the appointment of Anthony Lewis as Chief Capital Officer, a newly established role responsible for overseeing the Company's capital markets activity. Mr. Lewis will lead the development of IREN's capital structure and financing strategy as the Company evaluates a range of AI infrastructure investments and associated funding requirements. Mr. Lewis brings more than two decades of experience in financial markets, including 22 years at Macquarie Group, a global financial services and asset management firm with a market capitalization of more than $50 billion and operations in 31 markets, where he most rece

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.

NEW YORK, Aug. 28, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has secured NVIDIA Preferred Partner status and procured an additional 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s for approximately $168m,1 expanding its total GPU fleet to 10.9k NVIDIA GPUs. IREN has secured approximately $96m in financing to support the purchase of the GB300s.1 The financing is structured as a 24-month lease and represents 100% of the purchase price, with lease payments calculated utilizing a high single digit interest rate. The B300 GPUs are funded from existing cash, with further financing workstreams underway. The GPUs will be installed over the

NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has procured an additional 4.2k NVIDIA Blackwell B200 GPUs, which doubles IREN's total GPU fleet to approximately 8.5k NVIDIA GPUs. In addition, IREN has secured financing of $102m for a prior purchase of NVIDIA Blackwell B200 and B300 GPUs. Financing for prior Blackwell purchase IREN has secured $102m in financing in respect of a prior purchase of NVIDIA Blackwell B200 and B300 GPUs. The financing is structured as a 36-month lease for 100% of the purchase price of the GPUs, with lease payments calculated utilizing a high single digit interest rate. The financing will release funding to s

NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced that it will release its financial results for the fiscal year ended June 30, 2025, on Thursday, August 28, 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, Thursday, August 28, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&AUse this link      Participants joining the conference call via the phone dial-in option wi

NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today published its monthly update for July 2025. July Highlights Record monthly revenue and hardware profit3AI Cloud expanded with 2.4k NVIDIA B200/B300 GPUsInitial B200 shipment completed and fully contracted50MW Horizon 1 liquid-cooled AI data center on track for Q4'25Mackenzie fiber upgrade complete, further enhancing our ability to support continued growth of AI Cloud beyond Prince George1,400MW Sweetwater 1 civil and electrical works continuing Key MetricsJul 25Jun 25Bitcoin Mining  Average operating hashrate45.4 EH/s41.1 EH/sBitcoin mined4728 BTC620 BT

SYDNEY, July 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for June 2025. June Highlights Record monthly revenue and hardware profit350 EH/s mid-year target achievedAI Cloud expanded with ~2.4k Blackwell GPUs$550m convertible notes offering oversubscribedUS domestic issuer status transition completeCustomer and financing workstreams progressing across AI verticals Key MetricsJun 25May 25Bitcoin Mining  Average operating hashrate41.1 EH/s38.4 EH/sBitcoin mined4620 BTC627 BTCRevenue per Bitcoin mined$105,730$103,345Net electricity cost per Bitcoin mined2($26,259)($27,033)Revenue$65.5m

SYDNEY, July 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced the purchase of 2.4k next-generation NVIDIA Blackwell B200 and B300 GPUs for ~$130m, including fit-out costs.1 The purchase is fully funded from existing cash, however, IREN is also evaluating a range of financing alternatives to support its AI Cloud Services growth. The order (1.3k B200 and 1.1k B300 GPUs) will be installed over the coming months at IREN's Prince George, BC campus, with any displaced mining hardware expected to be redistributed to other sites. Combined with the existing 1.9k Hopper GPUs, this expansion increases IREN's fleet to approximately 4.3k NVIDIA GPUs. With 50MW of dedica

SYDNEY, July 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) today announced the appointment of Anthony Lewis as Chief Capital Officer, a newly established role responsible for overseeing the Company's capital markets activity. Mr. Lewis will lead the development of IREN's capital structure and financing strategy as the Company evaluates a range of AI infrastructure investments and associated funding requirements. Mr. Lewis brings more than two decades of experience in financial markets, including 22 years at Macquarie Group, a global financial services and asset management firm with a market capitalization of more than $50 billion and operations in 31 markets, where he most rece

SYDNEY, June 30, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has reached its mid-year target of 50 EH/s installed self-mining capacity. Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: "Reaching 50 EH/s is a defining milestone and a testament to our ability to rapidly deliver complex energy and data center infrastructure. In just 30 months, we've scaled organically ~50x to become one of the world's largest and most efficient Bitcoin miners. With 50 EH/s of mining expansion complete, we're now turning to our next frontier, leveraging the same execution discipline to scale AI infrastructure across high-growth compute markets." 50 EH/s Mileston

SYDNEY, June 13, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced the closing of its offering of $550 million aggregate principal amount of 3.50% convertible senior notes due 2029 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction Oversubscribed and upsized from $450 million to $500 million, plus $50 million greenshoeNet proceeds of approximately $534.9 million3.50% coupon, 30% conversion premiumNo put option for investors in the notes (other than a customary put right

SYDNEY, June 11, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced the pricing of its offering of $500 million aggregate principal amount of 3.50% convertible senior notes due 2029 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction $500 million convertible senior notes offering (3.50% coupon, 30% conversion premium)Offering size was increased from the previously announced offering size of $450 million aggregate principal amount of notesCapped call transactions entered int

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NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced that it will release its financial results for the fiscal year ended June 30, 2025, on Thursday, August 28, 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, Thursday, August 28, 2025  ParticipantRegistration Link  Live WebcastUse this link  Phone Dial-In with Live Q&AUse this link      Participants joining the conference call via the phone dial-in option wi

NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today published its monthly update for July 2025. July Highlights Record monthly revenue and hardware profit3AI Cloud expanded with 2.4k NVIDIA B200/B300 GPUsInitial B200 shipment completed and fully contracted50MW Horizon 1 liquid-cooled AI data center on track for Q4'25Mackenzie fiber upgrade complete, further enhancing our ability to support continued growth of AI Cloud beyond Prince George1,400MW Sweetwater 1 civil and electrical works continuing Key MetricsJul 25Jun 25Bitcoin Mining  Average operating hashrate45.4 EH/s41.1 EH/sBitcoin mined4728 BTC620 BT

SYDNEY, July 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for June 2025. June Highlights Record monthly revenue and hardware profit350 EH/s mid-year target achievedAI Cloud expanded with ~2.4k Blackwell GPUs$550m convertible notes offering oversubscribedUS domestic issuer status transition completeCustomer and financing workstreams progressing across AI verticals Key MetricsJun 25May 25Bitcoin Mining  Average operating hashrate41.1 EH/s38.4 EH/sBitcoin mined4620 BTC627 BTCRevenue per Bitcoin mined$105,730$103,345Net electricity cost per Bitcoin mined2($26,259)($27,033)Revenue$65.5m

SYDNEY, June 30, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) ("IREN") today announced it has reached its mid-year target of 50 EH/s installed self-mining capacity. Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: "Reaching 50 EH/s is a defining milestone and a testament to our ability to rapidly deliver complex energy and data center infrastructure. In just 30 months, we've scaled organically ~50x to become one of the world's largest and most efficient Bitcoin miners. With 50 EH/s of mining expansion complete, we're now turning to our next frontier, leveraging the same execution discipline to scale AI infrastructure across high-growth compute markets." 50 EH/s Mileston

SYDNEY, June 05, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for May 2025. May Highlights Record monthly revenue and hardware profit$1.6m daily hardware profit in MayOn track for 50 EH/s by June 30AI Cloud Services revenue continuing to scaleHorizon 1 AI Data Center on track for Q4 '25 deliveryCustomer and financing workstreams progressingTransitioning to US domestic issuer status from July 1 Key MetricsMay 25Apr 25Mar 25    Bitcoin Mining   Average operating hashrate38.4 EH/s36.6 EH/s30.3 EH/sBitcoin mined3627 BTC579 BTC533 BTCRevenue (per Bitcoin)$103,345$86,522$85,012Electric

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