IREN Limited (NASDAQ:IREN – Get Free Report)’s stock price was up 5.2% on Tuesday . The stock traded as high as $61.49 and last traded at $59.78. Approximately 40,463,666 shares changed hands during trading, a decline of 2% from the average daily volume of 41,143,262 shares. The stock had previously closed at $56.83.
Key Stories Impacting IREN
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN announced a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems, helping support its previously announced $3.4 billion, five-year AI cloud contract and signaling continued demand for its AI capacity. Article Title
- Positive Sentiment: The Dell deal is expected to increase IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion once the new systems are commissioned, which investors may view as a meaningful scale-up in monetization of its GPU buildout. Article Title
- Positive Sentiment: Momentum around the stock is also being helped by bullish investor positioning, including reports that Paul Tudor Jones increased his IREN stake by 57%, which can bolster confidence in the AI infrastructure thesis. Article Title
- Neutral Sentiment: Recent coverage also highlights that IREN has already delivered strong gains in 2026, and some articles frame the stock as a way to play the ongoing Nvidia/AI buildout narrative, keeping trading interest elevated. Article Title
- Negative Sentiment: At the same time, the company’s expansion requires a very large capital outlay, and the new revenue targets remain forward-looking and not fully contracted, leaving execution and financing risk if deployments or demand fall short. Article Title
Analyst Upgrades and Downgrades
Several brokerages recently commented on IREN. BTIG Research boosted their price target on shares of IREN to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. B. Riley Financial reissued a “buy” rating on shares of IREN in a report on Friday, February 6th. Wall Street Zen lowered shares of IREN from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Finally, HC Wainwright boosted their price target on shares of IREN to $85.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.77.
IREN Price Performance
The firm has a market cap of $21.36 billion, a PE ratio of 124.54 and a beta of 4.17. The stock’s fifty day moving average price is $46.03 and its 200-day moving average price is $46.26. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72.
IREN (NASDAQ:IREN – Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The business had revenue of $144.80 million for the quarter, compared to analysts’ expectations of $219.69 million. As a group, equities analysts expect that IREN Limited will post -1.09 EPS for the current fiscal year.
Institutional Investors Weigh In On IREN
A number of large investors have recently modified their holdings of the business. CENTRAL TRUST Co grew its holdings in shares of IREN by 19.8% during the first quarter. CENTRAL TRUST Co now owns 1,485 shares of the company’s stock worth $51,000 after buying an additional 245 shares in the last quarter. Vermillion Wealth Management Inc. grew its holdings in shares of IREN by 19.1% during the first quarter. Vermillion Wealth Management Inc. now owns 2,049 shares of the company’s stock worth $70,000 after buying an additional 328 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after buying an additional 332 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of IREN by 26.7% during the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock worth $75,000 after buying an additional 335 shares in the last quarter. Finally, Hollencrest Capital Management grew its holdings in shares of IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.
IREN Company Profile
IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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