Cowen downgraded Iris Energy from Outperform to Market Perform and set a new price target of $4.30 from $14.00 previously
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| Date | Price Target | Rating | 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 |
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
6-K - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
6-K - IREN Ltd (0001878848) (Filer)
SYDNEY, Jan. 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for December 2024. December Highlights Bitcoin MiningAI / HPC 3,984 Bitcoin mined in 2024529 Bitcoin mined in Dec$40m hardware profit in Dec150 EH/s on-track for H1 2025 1,896 NVIDIA H100 & H200 GPUsAdvancing negotiations for other AI / HPC opportunities Data CentersCorporate 510MW operating at month-end810MW on-track for H1 2025 31 EH/s year-end target achieved (original target of 20 EH/s), highlight video here Key MetricsDec-24Nov-24Oct-24*Bitcoin Mining2 Average operating hashrate28.1 EH/s19.7 EH/s19.9 EH/sBitcoin min
SYDNEY, Dec. 23, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company") today announced it has reached its year-end target of 31 EH/s installed self-mining capacity, surpassing its original goal of 20 EH/s. Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: "We're proud to achieve 31 EH/s ahead of schedule, far exceeding the initial year-end target. This year began with just 20MW of operating data centers at Childress, and we successfully expanded that footprint more than 17-fold to 350MW. This remarkable progress is a testament to our 500+ on-site team, whose disciplined approach to procurement, construction, safety and in
SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ:IREN) (ACN 629 842 799) ("IREN") today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (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 $300 million to $400 million, plus $40 million greenshoeNet proceeds of approximately $425.4 million3.25% coupon, 30% conversion premiumCapped call transactions entered into in connection with the notes are gene
SYDNEY, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (together with its subsidiaries, "IREN") today announced that it will release its financial results for the three months ended September 30, 2024, on Tuesday, November 26, 2024 and host a conference call beginning at 5:00 p.m. New York 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. New York time, Tuesday, November 26, 2024 9:00 a.m. Sydney time, Wednesday, November 27, 2024 ParticipantRegistration Link Live WebcastUse this link Phone Dial-In with Live Q&A
SYDNEY, Australia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- IREN (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 announced that it will release its financial results for the full year ended June 30, 2024, on Wednesday, August 28, 2024 and host a conference call beginning at 5:00 p.m. New York 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. New York time, Wednesday, August 28, 2024 7:00 a.m. Sydney time, Thursday, Au
SYDNEY, Australia, May 06, 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 announced that it will release its financial results for the three-months ended March 31, 2024, on Wednesday, May 15, 2024 USA Eastern Daylight Time and will host a conference call beginning at 5:00 p.m. USA Eastern Daylight 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. USA Eastern Dayl
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13G/A - Iris Energy Ltd (0001878848) (Subject)
SC 13D/A - Iris Energy Ltd (0001878848) (Subject)
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$'000)6,056Revenue per Bitcoin (US$