IREN IREN Limited

mixed SHIFT track record → $64.05 -3.79 (-5.6%)
Mkt Cap $20B P/E 73.8 fwd -42.3 52wk $8.28 - $76.87 Updated Friday
Factor divergence: DIVERGENCE: options_sentiment bullish vs estimate_revisions, price_momentum, analyst_revisions beari
Est. revisions: -24.1% (2 up, 4 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net -3.1)

Factor Model

net -3.1 5.6 / 10
Est. Revisions
-0.9
Insider Activity
+0.0
Momentum
-1.0
Analyst Rev.
-0.6
Narrative Gap
+0.0

IREN's $1.6B GPU buy lifts ARR to $4.4B

Watch: Watch IREN's revenue trajectory toward the $1 billion quarterly target by Q4 2026 to validate aggressive growth amid semiconductor cycle risks.

IREN's shares jumped 13.48% to $67.84 after acquiring Nvidia Blackwell air-cooled GPU systems from Dell for $1.6 billion. This deal boosts IREN's ARR to $4.4 billion and underpins a $3.4 billion five-year AI cloud managed services contract. However, recent revenue was $144 million last quarter, 32% below estimates, raising concern on near-term execution amid ambitious growth projections.

The acquisition accelerates IREN's AI infrastructure scale but heightens risk as current revenue lags estimates by a third and management lacks tech track record.

Evidence

Updated Friday IREN: My Bull Case for 2026 reddit-stocks
Updated Friday IREN Ltd (IREN) Soars 13.5% as Firm Ups ARR Outlook to $4.4B yahoo-finance
Updated Thursday Cantor Fitzgerald main IREN: Overweight → Overweight
Updated Thursday Why is IREN up?? reddit-wsb
4d ago B. Riley Securities main IREN: Buy → Buy
5d ago IREN’s CEO Just Said 11 Words that Delivered the AI Boom a Brutal Reality Check - 24/7 Wall St. google-news-ai-infra
5d ago What's Going On With Sidus Space Stock Tuesday? benzinga
5d ago Paul Tudor Jones Just Bought 57% More IREN Shares, Betting Big On The 'AI Infrastructure Buildout' As It 'Feels Like '99' benzinga
7 older signals
6d ago IREN vs. CIFR: Which AI Data Center Stock Has an Edge Right Now? - Zacks Investment Research
7d ago IREN (IREN) Expands Brand Push with Awaken Acquisition
8d ago AI infrastructure race heats up as IREN pitches full-stack strategy, WhiteFiber lands $160M deal - CoinDesk
11d ago IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch - TechStock²
14d ago IREN Shares Slide 9% Friday as AI Bet Hits $3 Billion Mark - TechStock²
14d ago Weekly Wrap: Crypto Falls Alongside Stocks As Treasury Yields Spike
16d ago Are Iren's $5.5 Billion Deals With Nvidia Game Changers?
Fundamentals & Data ▾
IREN Limited Financial Services · Capital Markets
Mkt Cap
$20B
P/E
73.8 fwd -42.3
Beta
4.18
52w Range
$8.28 - $76.87
Short Interest
58.4M 16.87%
Days to Cover
1.7 +4%
Technicals mixed
vs 20d MA
+15.4%
from 52w Hi
-5.6%
Vol (20d)
117%
1w return
+21.5%
1m return
+44.1%
Vol ratio
0.9x
Insiders
selling 0B / 2S
Analysts
mixed
EPS Estimate
$-0.31 -24.1% 30d 2up / 4dn
Est. Dispersion
434% 10 analysts
Analyst Target
$80 $41 - $126
Options P/C
0.54 3C / 3P unusual
Fund Convergence
moderate Citadel, Bridgewater
Financials
Revenue
$145M +0% YoY
FCF
$-1.3B
Gross Margin
65%
Op Margin
-64%
Momentum: accelerating
Top Holders
Citadel $855M
Bridgewater $10M
Track Record (1/1 correct) ▾

Direction History

1/1 correct at 5 days
2026-04-16 bullish +9.1% ✓
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