BTIG Research initiated coverage of IREN Limited with a rating of Buy and set a new price target of $33.00
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| 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 |
8-K - IREN Ltd (0001878848) (Filer)
8-K - IREN Ltd (0001878848) (Filer)
8-K - IREN Ltd (0001878848) (Filer)
4 - IREN Ltd (0001878848) (Issuer)
4 - IREN Ltd (0001878848) (Issuer)
4 - IREN Ltd (0001878848) (Issuer)
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,
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13D/A - 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
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, 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