IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.

Events Timeline

(ET)

2026-02-17

05:10:00

Iren Appoints John Gross as Chief Innovation Officer

2026-02-09 (ET)

2026-02-09

13:20:00

Iris Energy Shares Rise 8.33% to $45.31

2026-02-06 (ET)

2026-02-06

10:40:00

Strategy Reports Q4 Loss of $3.03 per Share, Price Target Cut to $250

News

5.0

02-27Benzinga

Congressman Resumes Buying Magnificent Seven Stocks

2.0

02-25stocktwits

WULF Shares Rise After Trump's Commitment to AI Energy – Retail Interest Soars Ahead of Q4 Earnings

6.5

02-24NASDAQ.COM

Michael Burry's Bearish Prediction on AI Stocks

2.0

02-23Benzinga

CoreWeave Faces Debt Risks Amid Market Challenges

8.5

02-22Yahoo Finance

Cantor Fitzgerald Invests $126 Million in AI Infrastructure

8.5

02-18Fool

Cantor Fitzgerald Increases Stake in IREN

12 Analyst Rating

Wall Street analysts forecast IREN stock price to rise

8 Buy

2 Hold

2 Sell

Moderate Buy

Current: 0.000

Low

39.00

Averages

80.40

High

136.00

Current: 0.000

Low

39.00

Averages

80.40

High

136.00

Cantor Fitzgerald

Overweight

downgrade

$136 -> $82

AI Analysis

2026-02-06

Reason

Cantor Fitzgerald

Price Target

$136 -> $82

AI Analysis

2026-02-06

downgrade

Overweight

Reason

Cantor Fitzgerald lowered the firm's price target on Iren to $82 from $136 and keeps an Overweight rating on the shares. Revenue and adjusted EBITDA were both down quarter over quarter due to a decline in Bitcoin prices and a decline in operating hash rate, which was not unexpected given the company's transition of capacity away from Bitcoin mining and towards AI compute, the analyst tells investors in a research note. The firm believes the after-hours move lower is a buying opportunity.

B. Riley

Buy

maintain

$74 -> $83

2026-02-06

Reason

B. Riley

Price Target

$74 -> $83

2026-02-06

maintain

Buy

Reason

B. Riley raised the firm's price target on Iren to $83 from $74 and keeps a Buy rating on the shares. Iren reported Q2 adjusted EBITDA of $75.3M, below both internal and consensus estimates, while highlighting key milestones including securing $3.6B in GPU financing, adding 1.6 GW of power capacity at a new Oklahoma campus, and progressing Sweetwater 1 & 2 in Texas, the analyst tells investors in a research note. Despite the shortfall, the company targets $3.4B in annualized run-rate revenue by end of CY26, with expansion across Horizon 1-4 and B.C. sites positioning Iren as a de-risked, compelling long-term growth story, the firm says.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for IREN

Unlock Now

Valuation Metrics

The current forward P/E ratio for IREN Ltd (IREN.O) is 252.96, compared to its 5-year average forward P/E of -60.16. For a more detailed relative valuation and DCF analysis to assess IREN Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-60.16

Current PE

252.96

Overvalued PE

574.21

Undervalued PE

-694.54

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

14.88

Current EV/EBITDA

15.23

Overvalued EV/EBITDA

44.78

Undervalued EV/EBITDA

-15.02

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.87

Current PS

9.21

Overvalued PS

7.53

Undervalued PS

0.21

Financials

AI Analysis

Annual

Quarterly

Whales Holding IREN

Castleknight Management LP

Value Aligned Research Advisors, LLC

Graham Capital Management, L.P.

Quadrature Capital Limited

Bg Fund Management Luxembourg S.A.

Jane Street Group, LLC

Trading Trends

People Also Watch

Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

The current price of IREN is 40.95 USD — it has decreased -7.44

What is IREN Ltd (IREN)'s business?

What is the price predicton of IREN Stock?

Wall Street analysts forecast IREN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IREN is80.40 USD with a low forecast of 39.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is IREN Ltd (IREN)'s revenue for the last quarter?

IREN Ltd revenue for the last quarter amounts to 184.69M USD, increased 59.02

What is IREN Ltd (IREN)'s earnings per share (EPS) for the last quarter?

IREN Ltd. EPS for the last quarter amounts to -0.52 USD, increased 420.00

How many employees does IREN Ltd (IREN). have?

IREN Ltd (IREN) has 257 emplpoyees as of March 02 2026.

What is IREN Ltd (IREN) market cap?

Today IREN has the market capitalization of 13.59B USD.

IREN Overview

IREN Overview

Events Timeline

News

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Whales Holding IREN

Trading Trends

People Also Watch

Frequently Asked Questions

What is IREN Ltd (IREN) stock price today?

What is IREN Ltd (IREN)'s business?

What is the price predicton of IREN Stock?

What is IREN Ltd (IREN)'s revenue for the last quarter?

What is IREN Ltd (IREN)'s earnings per share (EPS) for the last quarter?

How many employees does IREN Ltd (IREN). have?

What is IREN Ltd (IREN) market cap?