Mining Powerhouse | Iris Energy's Bitcoin mining operations boast 28 EH capacity, with plans to nearly double by 2025, positioning it as a major player in the industry |
AI Ambitions Unfold | Explore Iris Energy's strategic pivot into AI and HPC, leveraging existing infrastructure to tap into high-growth tech sectors |
Financial Horizons | Analysts project EBITDA of $468 million for FY2026, with potential profitability this year and Bitcoin dividend prospects as early as 2025 |
Valuation Insights | Average analyst price target of $22, with BTIG and Cantor Fitzgerald setting targets up to $23, suggesting potential upside for investors |
Metrics to compare | IREN | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipIRENPeersSector | |
|---|---|---|---|---|
P/E Ratio | −19.9x | −4.7x | 12.4x | |
PEG Ratio | 0.03 | 0.01 | 0.01 | |
Price/Book | 3.3x | 8.2x | 2.4x | |
Price / LTM Sales | 19.8x | 12.9x | 2.3x | |
Upside (Analyst Target) | 125.7% | 112.1% | 33.9% | |
Fair Value Upside | Unlock | −22.6% | 4.6% | Unlock |
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.