IREN Limited (IREN)Financial Services | Capital Markets | Sydney, Australia | NasdaqGS
35.45 USD
-5.08
(-12.534%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 35.60 +0.15 (0.429%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:19 a.m. EDT
The narrative has shifted dramatically from a distressed miner to a high-growth AI infrastructure play, driven by a massive $2.8 billion contract haul. Fundamentally, the company is showing signs of life with a +319% cumulative gain over the last three years and a recent year-over-year surge, though it remains unprofitable with negative operating margins and a forward P/E that doesn't exist yet due to losses. The balance sheet is leveraged, but the cash flow from operations is turning positive, which is critical for a capital-intensive business. Short-term, the momentum is undeniable. The stock is trading well above its 200-day average, and options flow confirms aggressive speculation on further upside, with heavy positioning at $50 and $60 strikes. However, the statistical forecasting model offers almost no guidance, reflecting the extreme volatility and noise inherent in this speculative phase. The gap between the current price and the analyst mean target of $80 represents a substantial upside case, but it requires the company to successfully execute its AI pivot and turn the operating margin deficit into profit. This is a high-risk, high-reward momentum play rather than a value investment. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.174633 |
| AutoETS | 0.174639 |
| AutoTheta | 0.175164 |
| MSTL | 0.189718 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 28% |
| H-stat | 0.71 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.003 |
| Excess Kurtosis | 1.62 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 187.299 |
| Revenue per Share | 2.073 |
| Market Cap | 12,669,074,432 |
| Forward P/E | -172.93 |
| Profit Margins | -99.38% |
| Previous Name | Iris Energy Limited |
| Website | https://iren.com |
As of Aug. 22, 2026, 4:19 a.m. EDT: Speculators are heavily positioning for upside, evidenced by massive open interest walls at $50, $60, and $90 strikes across multiple expirations. Call volume significantly exceeds put volume, with notable new flow into deep out-of-the-money calls ($135 strike). While there is some defensive put buying near the $20-$35 range, the overwhelming capital allocation is bullish, suggesting a belief in a significant price expansion toward the $60-$90 targets.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.39230502 |
| Address1 | 55 Market Street |
| Address2 | Level 5 |
| All Time High | 76.87 |
| All Time Low | 1.02 |
| Ask | 45.0 |
| Ask Size | 4 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 41,993,210 |
| Average Daily Volume3 Month | 44,790,425 |
| Average Volume | 44,790,425 |
| Average Volume10Days | 41,993,210 |
| Bid | 35.61 |
| Bid Size | 3 |
| Book Value | 7.814 |
| City | Sydney |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Australia |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 35.45 |
| Current Ratio | 3.551 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 38.048 |
| Day Low | 34.81 |
| Debt To Equity | 187.299 |
| Display Name | IREN |
| Earnings Call Timestamp End | 1,787,864,400 |
| Earnings Call Timestamp Start | 1,787,864,400 |
| Earnings Timestamp | 1,787,860,800 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | 34,800,000 |
| Ebitda Margins | 0.04922 |
| Eps Current Year | -1.56667 |
| Eps Forward | -0.205 |
| Eps Trailing Twelve Months | -1.94 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 42.0714 |
| Fifty Day Average Change | -6.621399 |
| Fifty Day Average Change Percent | -0.1573848 |
| Fifty Two Week Change Percent | 39.230503 |
| Fifty Two Week High | 76.87 |
| Fifty Two Week High Change | -41.420002 |
| Fifty Two Week High Change Percent | -0.53883183 |
| Fifty Two Week Low | 25.31 |
| Fifty Two Week Low Change | 10.140001 |
| Fifty Two Week Low Change Percent | 0.40063223 |
| Fifty Two Week Range | 25.31 - 76.87 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,637,159,400,000 |
| Forward Eps | -0.205 |
| Forward P E | -172.92683 |
| Free Cashflow | -4,237,871,104 |
| Full Exchange Name | NasdaqGS |
| Fullday Change | -5.08 |
| Fullday Change Percent | -12.5339 |
| Fullday Price | 35.6021 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.68925005 |
| Gross Profits | 487,300,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.03257 |
| Held Percent Institutions | 0.59428 |
| Implied Shares Outstanding | 357,378,674 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Ipo Expected Date | 2,021-11-17 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,782,777,600 |
| Long Business Summary | IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia. |
| Long Name | IREN Limited |
| Market | us_market |
| Market Cap | 12,669,074,432 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_706254871 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -702,600,000 |
| Next Fiscal Year End | 1,814,313,600 |
| Non Diluted Market Cap | 14,484,557,657 |
| Number Of Analyst Opinions | 16 |
| Open | 37.59 |
| Operating Cashflow | 2,100,400,000 |
| Operating Margins | -1.05612 |
| Payout Ratio | 0.0 |
| Peg Ratio | 3.11 |
| Phone | 61 2 7906 8301 |
| Post Market Change | 0.15209961 |
| Post Market Change Percent | 0.4290539 |
| Post Market Price | 35.6021 |
| Post Market Time | 1,787,961,599 |
| Prev Name | Iris Energy Limited |
| Previous Close | 40.53 |
| Price Eps Current Year | -22.627613 |
| Price Hint | 2 |
| Price To Book | 4.536729 |
| Price To Sales Trailing12 Months | 17.919483 |
| Profit Margins | -0.99377996 |
| Quick Ratio | 2.749 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.58824 |
| Region | US |
| Regular Market Change | -5.08 |
| Regular Market Change Percent | -12.5339 |
| Regular Market Day High | 38.048 |
| Regular Market Day Low | 34.81 |
| Regular Market Day Range | 34.81 - 38.048 |
| Regular Market Open | 37.59 |
| Regular Market Previous Close | 40.53 |
| Regular Market Price | 35.45 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 89,323,370 |
| Return On Assets | -0.02555 |
| Return On Equity | -0.23408002 |
| Revenue Growth | -0.24 |
| Revenue Per Share | 2.073 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 357,378,674 |
| Shares Percent Shares Out | 0.2637 |
| Shares Short | 94,246,133 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 93,712,658 |
| Short Name | IREN LIMITED |
| Short Percent Of Float | 0.2724 |
| Short Ratio | 1.96 |
| Source Interval | 15 |
| State | NSW |
| Symbol | IREN |
| Target High Price | 131.0 |
| Target Low Price | 41.0 |
| Target Mean Price | 80.1875 |
| Target Median Price | 80.5 |
| Total Cash | 6,084,700,160 |
| Total Debt | 7,839,600,128 |
| Total Revenue | 707,000,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.94 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 46.0619 |
| Two Hundred Day Average Change | -10.6119 |
| Two Hundred Day Average Change Percent | -0.23038347 |
| Type Disp | Equity |
| Volume | 89,323,370 |
| Website | https://iren.com |
| Zip | 2,000 |