IREN IREN Limited

bullish · high conviction SHIFT track record → $48.82 +1.45 (+3.1%)
Mkt Cap $12B P/E 25.7 fwd 29.3 52wk $5.24 - $76.87 Earnings 2026-05-13 3h ago
Insider selling: $66,262,000 sold by 7 insiders (30d)
Factor divergence: DIVERGENCE: analyst_revisions bullish vs price_momentum bearish
Est. revisions: +0.0% (3 up, 0 down in 30d)
Factor Model & Position History (net +0.3)

Factor Model

net +0.3 1.9 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
-0.9
Analyst Rev.
+1.0
Narrative Gap
+0.0

Iren targets $3.7B AI cloud run-rate by 2026

Watch: Watch upcoming earnings for updates on AI contract ramp and capital efficiency, clarifying whether growth targets align with funding use and market demand.

Full analysis

Iren plans to expand its AI cloud capacity to 150,000 GPUs by 2026, including a deal to buy over 50,000 NVIDIA B300 GPUs. The company aims for over $3.7 billion in annualized AI cloud revenue by year-end and currently holds $2.3 billion revenue under contract, including a key Microsoft deal. It secured $9.3 billion funding over eight months covering 95% of GPU-related capital spending tied to Microsoft.

This aggressive AI infrastructure build and deep funding suggest Iren is scaling rapidly to capture a major AI cloud market share, indicating strong growth potential if execution holds.

Evidence

4h ago IREN vs. Applied Digital: Which AI Data Center Stock Has an Edge? - Yahoo Finance google-news-ai-infra
2d ago Insider sell by ROBERTS WILLIAM GREGORY (IREN): $33,131,000
2d ago Insider sell by ROBERTS DANIEL JOHN (IREN): $33,131,000
3d ago IREN's $6 Billion Share Sale Plan Casts Shadow Over AI Infrastructure Ambitions - AD HOC NEWS google-news-ai-infra
5d ago Nebius vs. Iren: Which Stock Does Wall Street Believe In More? - TIKR.com google-news-nbis
6d ago Analysts See Over 100% Upside in IREN (IREN) Amid Growing Demand for AI-Linked Compute Infrastructure yahoo-finance
16d ago Stock Market Today, March 30: IREN Falls on Funding Risks for AI Data Centers - The Motley Fool google-news-ai-infra
26d ago What's Going On With IREN Stock On Thursday? benzinga
5 older signals
35d ago Why Are IREN Shares Surging On Wednesday?
36d ago 150,000 Reasons to Buy IREN Stock Here
41d ago Short-Seller Jim Chanos Sounds Alarm On IREN's $6 Billion Equity Filing, Questions Silence On $500 Million Revenue Guidance
52d ago Howard Lutnick's Cantor buys $126 million of surprising AI stock
54d ago CoreWeave (CRWV), Nebius (NBIS), IREN: Why Are These AI Stocks Falling? - TipRanks
Fundamentals & Data ▾
IREN Limited Financial Services · Capital Markets
Mkt Cap
$12B
P/E
25.7 fwd 29.3
Beta
4.31
52w Range
$5.24 - $76.87
Short Interest
51.6M 16.12%
Days to Cover
1.6 +23%
Technicals downtrend
from 52w Hi
0.0%
1w return
+32.5%
Insiders
selling 0B / 2S
EPS Estimate
$-0.26 +0.0% 30d 3up / 0dn
Est. Dispersion
62% 2 analysts
Analyst Target
$72 $26 - $125
Options P/C
0.58
Insider Cluster
strong sell 0B / 2S
Fund Convergence
moderate Citadel, Bridgewater
Financials
Revenue
$185M +59% YoY
FCF
$-765M
Gross Margin
60%
Op Margin
-46%
Momentum: decelerating
Top Holders
Citadel $855M
Bridgewater $10M
Recent Filings & Data
insider trade 9
net selling · $66,262,000 sold
7 insiders · 9 transactions (30d)
Recent transactions
ROBERTS WILLIAM GREGORY · sell · $33,131,000
ROBERTS DANIEL JOHN · sell · $33,131,000
ALFRED MICHAEL · award
PARASURAMAN SUNITA · award
GUZOWSKI CHRISTOPHER · award
ROBERTS WILLIAM GREGORY · award
NUCIFORA BELINDA · award
ROBERTS DANIEL JOHN · award
BARTHOLOMEW DAVID JAMES · award
ⓘ Filing analysis pending — next scan runs every 12 hours
ⓘ Transcript analysis coming soon
13 signals · latest 4h ago

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