Cantor Fitzgerald upgraded Iris Energy from Neutral to Overweight and set a new price target of $7.00 from $4.00 previously
Save time and jump to the most important pieces.
| 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 |
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
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
6-K - IREN Ltd (0001878848) (Filer)
SCHEDULE 13G - IREN Ltd (0001878848) (Subject)
6-K - IREN Ltd (0001878848) (Filer)
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$'000)6,056Revenue per Bitcoin (US$
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