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

CarMax, Inc. (NYSE:KMX) shares rose by approximately 8% following its quarterly earnings report, which showed an EPS of $0.52, surpassing the consensus estimate of $0.44, despite a 5.5% year-on-year sales decline. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting investments, acquisitions, and regulatory updates that influenced their stock prices.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 6:01 pm

Benzinga's options activity scanner has identified significant options trades in the Information Technology sector, indicating potential whale movements. Notable trades include bearish call options for NVDA and AMD, bullish call options for IREN, SNOW, MU, and SMCI, bullish put options for U and MSFT, a bearish put option for CRWD, and a neutral call option for CLSK. These trades may suggest expectations of future price movements for the underlying stocks.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 5:35 pm

In Thursday's intraday session, several IT stocks experienced significant movements. Baijiayun Group (RTC) led the gainers with a 31.7% increase, while The9 (NCTY) headed the losers with a 9.5% decline. Other notable gainers included Iris Energy (IREN), Powerbridge Technologies (PBTS), Aurora Mobile (JG), Alpha Technology Group (ATGL), and Cepton (CPTN). On the losing side were MariaDB (MRDB), Infobird Co (IFBD), and Locafy (LCFY). Market capitalizations were also highlighted, indicating the size of each company.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 5:32 pm

Iris Energy Limited (NASDAQ:IREN) stock is trading higher after announcing its 10 EH/s Bitcoin mining expansion is fully funded, following a successful equity raising program. The expansion is ahead of schedule, and the company has started installing 248 NVIDIA H100 GPUs at its Prince George site for the generative AI market. Bitcoin (CRYPTO:BTC) is rallying near 2-year highs, trading at $43,778.78. Iris Energy's trading volume has surged past its 100-day average, with shares up 30% at $7.18.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 4:43 pm

Iris Energy has announced that its expansion to 10 EH/s is fully funded after successfully completing its targeted equity raising program. This development is expected to enhance the company's Bitcoin mining capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:07 am

In Tuesday's intraday session, several IT stocks experienced significant movements. Neonode, Infobird Co, BIT Mining, Ebix, DZS, and Cipher Mining saw their shares rise, with Neonode leading at a 25.5% increase. Conversely, GSE Systems, AEye, TSR, ComSovereign Holding, Iris Energy, and CalAmp faced declines, with GSE Systems dropping by 33.2%. Market capitalizations varied, with Cipher Mining at the high end with $902.2 million and GSE Systems at the low end with $5.5 million.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:32 pm

Despite U.S. stock futures being higher, several stocks are moving lower in Monday's pre-market session. Companies like Gaotu Techedu, Cheche Group, and Northann Corp. are experiencing significant declines. The drop in Bitcoin's value is affecting stocks such as Marathon Digital Holdings, CleanSpark, Riot Platforms, and Canaan Inc. Iris Energy announced the acquisition of miners to increase mining capacity, yet its shares also declined.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 10:38 am

Iris Energy has announced the acquisition of 1.6 EH/s of Bitmain T21 miners, which will increase its self-mining capacity to 10 EH/s. This strategic move is aimed at expanding the company's Bitcoin mining operations and is expected to enhance its overall mining efficiency and output.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:28 am

Over the past quarter, Iris Energy (NASDAQ:IREN) received 9 analyst ratings, with 4 being bullish and 5 somewhat bullish, and none bearish. The average 12-month price target for IREN is $9.22, with a high of $11.00 and a low of $6.50. This target reflects a 7.8% decrease from the previous target of $10.00. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

JP Morgan analyst Reginald Smith has maintained an Overweight rating on Iris Energy (NASDAQ:IREN) and increased the price target from $9 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:16 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.