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. Bitcoin mining operations generate revenue by earning Bitcoin through a combination of Block rewards and transaction fees from the operation of its Bitcoin miners and exchanging these Bitcoin for fiat currencies such as USD or CAD.

Ticker

$IREN

Sector

Software & Cloud Services
Primary listing

Employees

257

Headquarters

Sydney, Australia
Website

IREN Metrics

BasicAdvanced
$17B
155.77
$0.39
4.20
-

What the Analysts think about IREN

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

Bulls say / Bears say

Iris Energy posted record Q3 FY25 revenue at $148.1 million (up 24% quarter-on-quarter) and grew profit after tax by 28% to $24.2 million, supported by robust mining and AI activities (Reuters)
The company has paused Bitcoin mining expansion at around 52 EH/s to redirect cash flows to AI Cloud Services and AI data centers, aiming to tap into fast-growing AI infrastructure demand (Data Center Dynamics)
After gaining NVIDIA Preferred Partner status, Iris Energy expanded its GPU fleet to about 10,900 units (adding 2,400 advanced GPUs) through $168 million in financing, strengthening its AI Cloud service capacity and competitive edge (Barron's)
Net electricity costs increased 30% quarter-over-quarter to $36.5 million in Q3 FY25 due to a 30% rise in operating hashrate, which squeezed margins even as revenues climbed (Reuters)
AI Cloud services revenue was $3.6 million, just 2.4% of total Q3 FY25 revenue, highlighting that the AI business still represents a small fraction compared to core Bitcoin mining (Reuters)
Iris Energy anticipates up to $250 million in net funding needs through the rest of 2025 to support its expansion projects, increasing the potential for further dilution or higher leverage if funding conditions worsen (TipRanks)
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 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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