IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.
CEO: William Roberts. Company website
IREN Limited (IREN) trades at $46.68, up 7.36% on the day, as of Sep 20, 2026 14:59 UTC.
IREN Limited has a market capitalisation of $16.66B, calculated from the live IREN share price and shares outstanding.
IREN has no meaningful price-to-earnings ratio: IREN Limited lost $2.16 per share over the last twelve months, and a P/E is only defined on positive earnings.
IREN Limited generated revenue of $706.98M over the trailing twelve months, which puts the stock at 23.56 times sales.
IREN has traded between $28.93 and $76.87 over the past 52 weeks, and the last price is 39.3% below that high.
No. IREN Limited is loss-making, with a net margin of -99.38% over the trailing twelve months.
Wall Street analysts rate IREN Buy, with an average price target of $84.00, 79.9% above the current price.
IREN Limited is classified under the Technology sector and the Information Technology Services industry, and is domiciled in AU.
William Roberts is the chief executive of IREN Limited, which employs 685 people.
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