IREN Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services. 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 headquartered in Sydney, Australia.
Strategic Horizons | Learn about Iris Energy's innovative plans for its 1.4 GW Texas site, including potential asset sales and joint ventures to unlock significant equity value. |
Financial Forecast | Explore projections of substantial growth, with analysts estimating EBITDA of $468 million for FY2026 and an average price target of $22.00. |
Beyond Bitcoin | Delve into Iris Energy's strategic pivot towards AI and HPC services, offering new revenue streams and reducing dependence on cryptocurrency volatility. |
Mining Powerhouse | Iris Energy's Bitcoin mining efficiency and ambitious expansion plans position it as a top-tier player, with aims to increase hash rate to 50 EH/s in four months. |
Metrics to compare | IREN | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipIRENPeersSector | |
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P/E Ratio | −30.8x | −3.1x | 11.3x | |
PEG Ratio | −7.08 | 0.01 | 0.01 | |
Price / Book | 1.2x | 0.8x | 2.4x | |
Price / LTM Sales | 5.5x | 2.4x | 2.0x | |
Upside (Analyst Target) | 184.1% | 109.7% | 28.6% | |
Fair Value Upside | Unlock | 19.6% | 7.6% | Unlock |