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IREN Limited (IREN)

Financial Services | Capital Markets | Sydney, Australia | NasdaqGS
48.12 USD +0.42 (0.880%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 47.87 -0.25 (-0.250%) ⇩ (April 17, 2026, 7:59 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ★★★★☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:04 a.m. EDT

The recent 23% drawdown has triggered a speculative 'panic defense' evident in the massive IV spikes on deep OTM puts, yet options flow shows stubborn resistance building around the $48-$50 levels. While the beta (4.3) and revenue (59% growth) suggest a strong directional bet for the next 12-24 months given current valuations, short-term caution is warranted: reduced expectation of immediate momentum continuation without a confirmed breakout above the $55-60 put wall, making this a 'Hold/Casual Long' rather than an aggressive momentum entry.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.347389
MSTL0.364440
AutoTheta0.376044
AutoARIMA0.921289

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 54%
H-stat 2.42
Ljung-Box p 0.000
Jarque-Bera p 0.050
Excess Kurtosis 1.15
Attribute Value
Sector Financial Services
Debt to Equity Ratio 153.017
Revenue per Share 2.949
Market Cap 15,964,251,136
Trailing P/E 33.42
Forward P/E 38.04
Beta 4.31
Profit Margins 51.48%
Previous Name Iris Energy Limited
Website https://iren.com

As of April 19, 2026, 12:04 a.m. EDT: Options activity reveals aggressive hedging and put wall building at strikes 34, 48, and 50 on near-term expirations. Notable 'New Flow' occurs on recent ATM and slight OTM puts where volume spikes significantly against low Open Interest, indicating a defensive strategist positioning despite the recent rally to ~$48. In-the-money puts ($20-$34) show massive implied volatility spikes (200-700% vs ATM), suggesting deep fear of a downside re-test below $30-$40. Open Interest concentrates heavily at $48-$55 (Major OI Walls), acting as a resistive floor for bullish momentum but a volume sink for breakdown sellers. The lack of OTM call placement above $60 for immediate expirations confirms a conservative sentiment that limits upside in the very short term.


Info Dump

Attribute Value
52 Week Change 7.7332125
Address1 55 Market Street
Address2 Level 6
All Time High 76.87
All Time Low 1.02
Ask 48.2
Ask Size 28
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 33,030,530
Average Daily Volume3 Month 37,595,348
Average Volume 37,595,348
Average Volume10Days 33,030,530
Beta 4.308
Bid 48.02
Bid Size 26
Book Value 7.569
City Sydney
Compensation As Of Epoch Date 1,767,139,200
Country Australia
Crypto Tradeable 0
Currency USD
Current Price 48.12
Current Ratio 4.96
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 49.52
Day Low 47.1701
Debt To Equity 153.017
Display Name IREN
Earnings Call Timestamp End 1,770,328,800
Earnings Call Timestamp Start 1,770,328,800
Earnings Timestamp 1,770,325,200
Earnings Timestamp End 1,778,702,400
Earnings Timestamp Start 1,778,702,400
Ebitda 194,252,992
Ebitda Margins 0.25656998
Enterprise To Ebitda 85.308
Enterprise To Revenue 21.888
Enterprise Value 16,571,290,624
Eps Current Year -0.005
Eps Forward 1.265
Eps Trailing Twelve Months 1.44
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 40.9199
Fifty Day Average Change 7.2001
Fifty Day Average Change Percent 0.17595595
Fifty Two Week Change Percent 773.3212
Fifty Two Week High 76.87
Fifty Two Week High Change -28.750004
Fifty Two Week High Change Percent -0.3740081
Fifty Two Week Low 5.455
Fifty Two Week Low Change 42.665
Fifty Two Week Low Change Percent 7.821265
Fifty Two Week Range 5.455 - 76.87
Financial Currency USD
First Trade Date Milliseconds 1,637,159,400,000
Float Shares 302,757,271
Forward Eps 1.265
Forward P E 38.039524
Free Cashflow -1,249,673,600
Full Exchange Name NasdaqGS
Full Time Employees 257
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.68132
Gross Profits 515,827,008
Has Pre Post Market Data 1
Held Percent Insiders 0.03013
Held Percent Institutions 0.40884998
Implied Shares Outstanding 331,759,177
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 1,751,241,600
Long Business Summary IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.
Long Name IREN Limited
Market us_market
Market Cap 15,964,251,136
Market State CLOSED
Max Age 86,400
Message Board Id finmb_706254871
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Net Income To Common 389,736,000
Next Fiscal Year End 1,782,777,600
Non Diluted Market Cap 15,957,616,413
Number Of Analyst Opinions 15
Open 48.98
Operating Cashflow 410,248,992
Operating Margins -0.45836
Payout Ratio 0.0
Peg Ratio 3.11
Phone 61 2 7906 8301
Post Market Change -0.25
Post Market Change Percent -0.5195345
Post Market Price 47.87
Post Market Time 1,776,470,392
Prev Name Iris Energy Limited
Previous Close 47.7
Price Eps Current Year -9,624.0
Price Hint 2
Price To Book 6.357511
Price To Sales Trailing12 Months 21.085997
Profit Margins 0.51477003
Quick Ratio 4.794
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.875
Region US
Regular Market Change 0.419998
Regular Market Change Percent 0.880499
Regular Market Day High 49.52
Regular Market Day Low 47.1701
Regular Market Day Range 47.1701 - 49.52
Regular Market Open 48.98
Regular Market Previous Close 47.7
Regular Market Price 48.12
Regular Market Time 1,776,456,001
Regular Market Volume 30,682,593
Return On Assets -0.014249999
Return On Equity 0.20526
Revenue Growth 0.59
Revenue Per Share 2.949
Sand P52 Week Change 0.38150132
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 331,759,177
Shares Percent Shares Out 0.1684
Shares Short 55,879,537
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 44,468,119
Short Name IREN LIMITED
Short Percent Of Float 0.1744
Short Ratio 1.69
Source Interval 15
State NSW
Symbol IREN
Target High Price 125.0
Target Low Price 26.0
Target Mean Price 72.06667
Target Median Price 77.0
Total Cash 3,260,589,056
Total Cash Per Share 9.813
Total Debt 3,842,547,968
Total Revenue 757,102,016
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 1.44
Trailing P E 33.416664
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 40.413174
Two Hundred Day Average Change 7.7068253
Two Hundred Day Average Change Percent 0.19070081
Type Disp Equity
Volume 30,682,593
Website https://iren.com
Zip 2,000