IREN Limited - Ordinary Shares (IREN)

Two major AI milestones are changing the investment case for IREN. See why the company's transformation could reshape its valuation, and the risk that could still derail the bull case.

IREN's fiscal Q4 revenue fell year-over-year but beat estimates as AI cloud revenue surged, even as shares dropped and management pointed to 2029-2030 for sustained profitability.

BTIG reiterates its Buy rating and $80 price forecast on IREN Limited (NASDAQ: IREN) stock, pointing to new multi-year AI cloud deals and rising 2027 capacity contracting.

IREN (NASDAQ:IREN) said it ended fiscal 2026 with $4 billion in contracted annualized recurring revenue, or ARR, for its 2026 capacity, including $1 billion that was operating following Microsoft’s acceptance of the Horizon 1 deployment. Co-Founder and Co-CEO Daniel Roberts said the company’s AI cl

IREN (NASDAQ:IREN) reported fourth-quarter financial results on Thursday. The transcript from the company's fourth-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For

IREN Ltd. (NASDAQ: IREN) shares are climbing Thursday as investors position ahead of its Q4 results, due after today's market close.

Investors should keep CoreWeave and Iren on a watch list rather than in a portfolio right now.

IREN (NASDAQ: IREN) stock slides on Monday as investors take profits and face pre-earnings anxiety ahead of the fiscal Q4 2026 earnings report on August 27.

The AI boom isn't anywhere close to over, and Iren, Sandisk, and Zeta Global could extend their rallies into 2027 and beyond.

This Bitcoin miner became one of the market's highest-growth neocloud companies.

Iren is starting to make money from its Microsoft deal, and that will make it less reliant on issuing corporate bonds.

The company made its first deployment in a contract with an important client.

Riot Platforms posted a $237.2M net loss, but a 20-year, $9.1B Anthropic data center lease at Rockdale signals its pivot from crypto mining to AI hosting infrastructure.

IREN's business is strengthening while its stock price falls. Discover the contracts, catalysts, and execution risk that could decide what happens next.

The entire AI data center industry still appears to be firing on all cylinders after all, with more of the same in the cards.

IREN's AI opportunity is expanding fast, but one overlooked advantage may determine whether the company can turn its ambitious roadmap into lasting growth.

AI data center demand is splitting the market: CoreWeave, Nebius and IREN show strong capital access, while Applied Digital and HIVE Digital face debt and dilution risks in the crypto-to-AI pivot.

The answer to who is funding the AI build-out could matter far more for cash-burning AI companies than for Nvidia itself.

Zuckerberg’s confirmation of AI compute scarcity strengthens the case for Iren's strategy, positioning it for substantial long-term value.

The company is trying to compete in AI infrastructure, but is moving slowly.

Iren peaked in Q3 2025 before sliding back, while AeroVironment's revenue more than tripled over the same period.

The customer list now includes Microsoft and Nvidia. The hard part is building fast enough to serve them.

Compute is getting more valuable, and Iren's cautious approach toward dealmaking may reward it in the long run.

There is enormous demand for Nvidia's chips, but two looming risks could knock the company off course.