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Why is IREN down 6.72%?
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IREN:NASDAQ
IREN Ltd
$18.17
-6.72%
(-1.31) 1D
$17.80
-2.04% (-0.37)
After hours
Closed: Nov 13, 4:00:00 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for IREN...
Open
$19.12
High
$19.13
Low
$17.39
Mkt. cap
7.71B
Avg. vol.
63.44M
Volume
69.14M
52-wk high
$70.71
52-wk low
$17.16
EPS
-$3.81
Beta
4.33
Shares outstanding
424.36M
No. of employees
685
Open
$19.12
High
$19.13
Low
$17.39
Mkt. cap
7.71B
Avg. vol.
63.44M
Volume
69.14M
52-wk high
$70.71
52-wk low
$17.16
EPS
-$3.81
Beta
4.33
Shares outstanding
424.36M
No. of employees
685
News stories
From web sources and news partners
Profile
IREN Ltd, headquartered in Sydney, New South Wales, Australia, provides cloud computing infrastructure and services for artificial intelligence. The company develops, owns and operates data centres and provides GPU computing, software and managed services for training and running AI models. As of August 2026, IREN reported a global data centre development pipeline exceeding 5 GW, with projects across North America, Europe and Australia. The company locates its facilities in regions with substantial renewable electricity generation and purchases renewable energy certificates to match its electricity consumption. IREN also operates Bitcoin mining facilities, which it is progressively converting to support its expanding AI cloud business. Wikipedia
About IREN Ltd
CEO-
Employees685
Founded2018
Headquarters-
SectorInformation Technology
IndustryApplication software
Websiteiren.com
Analyst ratings
Based on 11 analysts giving stock ratings to IREN in the past 3 months
Buy
Buy
8
Hold
3
Sell
0
12-month forecast
Based on 11 Wall Street analysts offering 12 month price targets for IREN in the last 3 months.
Highest
Current $18.17
$79.00 (+334.78%)
Average
$56.50 (+210.95%)
Lowest
$30.00 (+65.11%)
Analyst
Recommendation
Action
Price target
Projected
Date
Richard Choe
J.P. Morgan
Buy
Reiterated
$55.00
+202.7%
11/09/2026
Joseph Vafi
Canaccord Genuity
Buy
Maintained
$79.00
+334.8%
11/06/2026
Mike Colonnese
H.C. Wainwright
Buy
Reiterated
$56.00
+208.2%
11/06/2026
Brett Knoblauch
Cantor Fitzgerald
Buy
Reiterated
$47.00
+158.7%
11/05/2026
Nehal Chokshi
Northland Securities
Buy
Maintained
$74.00
+307.3%
11/06/2026
Gregory Lewis
BTIG
Buy
Reiterated
$65.00
+257.7%
11/05/2026
Michael Ng
Goldman Sachs
Hold
Maintained
$30.00
+65.1%
11/06/2026
Gautam Chhugani
Bernstein
Buy
Maintained
$55.00
+202.7%
11/04/2026
Nick Giles
B. Riley Securities
Buy
Maintained
$64.00
+252.2%
10/30/2026
Alexander Haissl
Rothschild & Co Redburn
Hold
Initiated
$40.00
+120.1%
09/21/2026
John Todaro
Needham
Hold
Maintained
-
-
08/28/2026
Paul Meeks
Freedom Capital Markets
Buy
Upgraded
$58.00
+219.2%
07/06/2026
Jonathan Petersen
Jefferies
Buy
Initiated
$79.00
+334.8%
06/18/2026
Nilesh Bhaiya
Citi
Hold
Maintained
$50.00
+175.2%
05/27/2026
Mike Ng
Goldman Sachs
Hold
Maintained
$50.00
+175.2%
05/27/2026
Reginald Smith
J.P. Morgan
Sell
Maintained
$46.00
+153.2%
05/11/2026
Unknown Analyst
Freedom Capital Markets
Hold
Initiated
$36.00
+98.1%
04/01/2026
Darren Aftahi
Roth MKM
Buy
Maintained
$94.00
+417.3%
03/05/2026
Paul Golding
Macquarie
Buy
Maintained
$70.00
+285.3%
02/06/2026
Last report
Nov 5, 2026
Fiscal period
Q1 2027
-$0.66 / -$0.67
+0.75%beat
Revenue / Est. (USD)
228.00M / 220.19M
+3.55%beat
Fiscal Q1 2027 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
184.69M
144.80M
137.22M
228.00M
Cost of goods sold
65.76M
39.93M
33.34M
46.00M
Cost of revenue
65.76M
39.93M
33.34M
46.00M
Research and development expenses
-
-
-
7.00M
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
90.07M
71.84M
102.08M
201.00M
Operating expense
203.58M
198.21M
244.50M
370.00M
Total operating expenses
269.35M
238.14M
277.84M
416.00M
Operating income
-84.66M
-93.35M
-140.62M
-188.00M
Other non operating income
-110.26M
-23.62M
23.99M
-28.00M
EBT including unusual items
-337.93M
-254.09M
-691.97M
-261.00M
EBT excluding unusual items
-187.93M
-111.87M
-110.06M
-242.00M
Income tax expense
-182.52M
-6.26M
-7.97M
2.00M
Effective tax rate
54.01%
2.46%
1.15%
-0.77%
Other operating expenses
14.34M
5.13M
30.34M
14.00M
Net income
-155.41M
-247.83M
-684.00M
-263.00M
Net profit margin
-84.14%
-171.16%
-498.45%
-115.35%
Earnings per share
-0.03
-0.16
-0.25
-
Interest and investment income
15.78M
21.80M
35.93M
51.00M
Interest expense
-10.67M
-14.84M
-24.47M
-73.00M
Net interest expenses
5.11M
6.96M
11.46M
-22.00M
Depreciation and amortization charges
99.18M
121.24M
112.08M
148.00M
EBITDA
14.52M
27.90M
-29.16M
-44.00M
Gain or loss from assets sale
6.44M
1.80M
127.27M
13.00M
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider
Position
Type
Date
Shares
Amount
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