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NEW YORK - IREN Limited (NASDAQ:IREN), a developer and operator of data centers with a market capitalization of $7.1 billion and impressive revenue growth of 167% in the last twelve months, announced Monday the appointment of Anthony Lewis as Chief Financial Officer.
Lewis, who joined the company in July 2025 as Chief Capital Officer, will now lead IREN’s financial operations, reporting, and strategic planning while continuing to oversee capital markets strategy and financing activities. According to InvestingPro analysis, IREN maintains a healthy financial position with a current ratio of 4.29, though the company is currently trading above its Fair Value.
Lewis succeeds Belinda Nucifora, who is departing after serving 3.5 years as CFO. According to the company, Nucifora strengthened systems and controls, enhanced processes, and oversaw the transition to U.S. GAAP reporting during her tenure.
Prior to joining IREN, Lewis spent 22 years at Macquarie Group, where he most recently served as Co-Treasurer responsible for global funding, liquidity and capital management, and group financial planning and regulatory reporting.
"Anthony has already contributed to the accelerated expansion of our AI Cloud business, having overseen our recently announced GPU financings," said Daniel Roberts, Co-Founder and Co-CEO of IREN, in a press release statement.
IREN operates data centers across the United States and Canada, focusing on Bitcoin mining, AI cloud services, and AI data centers. The company reports having 2,910MW of grid-connected power secured and 810MW of operating data centers. With a robust gross profit margin of 68% and strong momentum reflected in its 306% one-year return, IREN shows promising growth potential. Discover 18 additional key insights about IREN with an InvestingPro subscription.
In other recent news, IREN Ltd. reported record quarterly and annual results for its fiscal fourth quarter of 2025, as well as for the full fiscal year 2025. The company’s Bitcoin mining revenue reached $180.3 million, and its adjusted EBITDA was $121.9 million, aligning with B.Riley’s estimates. In addition, IREN’s AI Cloud revenue saw significant growth, doubling to $7.0 million from $3.6 million in the previous quarter, surpassing B.Riley’s forecast of $5.6 million. Following these results, H.C. Wainwright raised its price target for IREN to $36 from $21, maintaining a Buy rating, while Macquarie increased its target to $33, citing the company’s expanding AI operations. B.Riley also adjusted its price target to $29 from $22, continuing to recommend a Buy rating. However, Jones Trading downgraded IREN from Buy to Hold, noting a balanced valuation after the stock’s substantial year-to-date gain of 170%. These developments reflect a range of analyst perspectives on IREN’s performance and future outlook.
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