Iris Energy Limited Ordinary Shares/$IREN

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About Iris Energy Limited Ordinary Shares

IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.

Ticker

$IREN
Primary listing

Industry

Software

Headquarters

Sydney, Australia

Employees

144

ISIN

AU0000185993
Website

IREN Metrics

BasicAdvanced
$2.4B
-
-$0.18
3.68
-

What the Analysts think about IREN

Analyst ratings (Buy, Hold, Sell) for Iris Energy Limited Ordinary Shares stock.

Bulls say / Bears say

Iris Energy has accelerated its growth plans, aiming to achieve a 50 EH/s hash rate by the first half of 2025, which could generate approximately $714 million in annual recurring revenue by the second half of 2025. (itiger.com)
The company has secured a 600MW grid connection agreement for its Sweetwater 2 data center, advancing its 2GW Sweetwater data center hub in West Texas, enhancing its infrastructure for AI and high-performance computing services. (intrinsicalpha.com)
Analysts have raised their price targets for Iris Energy, with Cantor Fitzgerald increasing its target to $23.00 and maintaining an 'overweight' rating, reflecting confidence in the company's growth trajectory. (defenseworld.net)
A shareholder lawsuit alleges that Iris Energy misrepresented its capabilities in high-performance computing, potentially leading to financial losses for investors. (morningstar.com)
Short seller Culper Research has expressed skepticism about Iris Energy's profitability and AI expansion, suggesting that the company's claims may be overstated. (tipranks.com)
Despite ambitious expansion plans, Iris Energy reported a net loss of $29 million for the fiscal year ending June 30, 2024, indicating ongoing financial challenges. (moomoo.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.

IREN Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

IREN Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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