IREN Limited operates in the integrated data center business. It owns and operates data centers powered by renewable energy. Its grid-connected facilities are purpose-built for the power-dense computing applications. 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.
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 | |
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P/E Ratio | −111.7x | −10.6x | 11.8x | |
PEG Ratio | 1.76 | 0.01 | 0.01 | |
Price/Book | 2.8x | 1.0x | 2.4x | |
Price / LTM Sales | 10.5x | 3.2x | 2.2x | |
Upside (Analyst Target) | 42.9% | 48.9% | 20.0% | |
Fair Value Upside | Unlock | 19.7% | 5.7% | Unlock |