IREN Limited Ordinary Shares
IREN · Nasdaq
- $43.83
- $17.01B
- Open
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- $41.77 - $44.36
- $28.93 - $76.87
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- 35.09M
About IREN Limited Ordinary Shares
IREN operates data-center infrastructure serving cryptocurrency-mining and artificial-intelligence customers. It generates revenue from bitcoin mining and from AI cloud or colocation services, although the supplied evidence does not state how much each activity contributes. The company is repositioning toward AI infrastructure through multi-year cloud contracts, including $2.8 billion of agreements announced in July and a $9.7 billion Microsoft contract cited in coverage. IREN raised its year-end run-rate revenue target above $4 billion and expects 140,000 GPUs in operation by the end of 2026. FY2025 revenue was $0.5 billion and net income was $0.1 billion.
Notable Price Movement
- Aug 3-7$41.2312.04%
IREN rose 20.39%, from $33.93 to $40.85, over the supplied week. Trading was highly volatile: the stock fell to $29.31 on July 29 before rebounding to $38.26 on July 30, eased to $36.80 on July 31, and then advanced to $39.75 and $40.85 on August 3-4. The main company-specific catalyst was the previously announced $2.8 billion of new multi-year AI cloud contracts and IREN’s increase of its year-end run-rate revenue target to more than $4 billion. Coverage also emphasized IREN’s $9.7 billion Microsoft contract and expected deployment of 140,000 GPUs by the end of 2026. No separate new catalyst was supplied for the late-week gains.
