Streetbeat News

IREN

Iris Energy Limited

Industry

Financial - Capital Markets

Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Open

6.92

Mkt cap

1.6B

Volume

11M

High

7.29

P/E Ratio

-24.03

52-wk high

15.92

Low

6.85

Div yield

N/A

52-wk low

4.15

Iris Energy reported mining 347 Bitcoin in September, indicating its ongoing operational capabilities in cryptocurrency mining.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:48 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Iris Energy (NASDAQ:IREN) and maintained a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:59 pm

Iris Energy Ltd (NASDAQ:IREN) is seen as an attractive investment due to its large untapped power portfolios for Bitcoin mining and a profitable AI Cloud business. Analyst Darren Aftahi from Roth Capital Partners initiated coverage with a Buy rating and a $14 price target. The company recently purchased Nvidia's H200 GPUs for $43.9 million to expand its operations.

Portfolio Pulse from Priya Nigam

October 02, 2024 | 2:39 pm

Iris Energy (NASDAQ:IREN), a Bitcoin mining company, has been evaluated by 15 analysts over the past three months. The majority of analysts are bullish, with an average 12-month price target of $16.27. Recent analyst actions include both maintaining and lowering price targets, reflecting dynamic market conditions. Iris Energy has shown significant revenue growth and maintains a strong financial position with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:01 pm

Roth MKM has initiated coverage on Iris Energy (NASDAQ:IREN) with a Buy rating and set a price target of $14, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:19 pm

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Iris Energy Limited (NASDAQ:IREN) has increased its capacity to 20 EH/s and plans to reach 31 EH/s by the end of 2024. The company is optimizing its data center infrastructure and expanding its operations with new Bitmain S21 XP miners.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:37 am

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

Crypto-linked companies' shares are rising as Bitcoin's price increases, driven by traders evaluating potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:56 pm

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