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IREN

Iris Energy Limited

Industry

Financial - Capital Markets

Iris Energy Limited operates as a bitcoin mining company. The company was incorporated in 2018 and is based in Sydney, Australia.

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Shares of crypto-linked stocks are trading lower amid weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:28 pm

Shares of crypto-linked stocks are trading lower amid a drop in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:51 pm

July saw a stark contrast in the Bitcoin mining sector, with traditional miners like Cipher Mining and Riot Platforms thriving, while AI-exposed miners such as Iris Energy and TeraWulf faced significant setbacks. The broader Bitcoin market experienced volatility, with prices fluctuating and mining profitability declining.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 1:23 pm

High-rolling investors have shown a bearish sentiment on Iris Energy (NASDAQ:IREN) through significant options trading. The sentiment is split with 37% bullish and 50% bearish. The trading activity suggests a price target range of $9.0 to $17.5. Analysts have mixed ratings with a consensus target price of $19.2.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 2:30 pm

The article highlights significant options activity in the Information Technology sector, focusing on trades involving NVDA, SNOW, IREN, MARA, MU, PATH, CRWD, ANET, ADBE, and NOW. These activities include both bullish and bearish sentiments, with various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:35 pm

Bernstein's report suggests that Bitcoin miners, by focusing on power efficiency and data center capabilities, could see a valuation re-rating. Companies like Core Scientific, Riot Platforms, CleanSpark, and Iris Energy are highlighted for their potential to expand market share and improve efficiency.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 5:52 pm

The article highlights significant options activity in the Information Technology sector, focusing on trades involving companies like NVDA, AMD, AAPL, SMCI, MSFT, CRWD, PLTR, SNOW, ARM, and IREN. These activities include both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:35 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Iris Energy (NASDAQ:IREN) and maintained a $23 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:52 pm

Canaccord has raised its price target for Iris Energy (NASDAQ:IREN) from $12 to $15, citing the company's strong Bitcoin mining capabilities and potential for diversification. Iris Energy is building significant data center capacity and has secured substantial power resources. The mining sector is seeing a shift towards AI and high-performance computing, with Iris Energy well-positioned to capitalize on these trends.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 2:13 pm

Iris Energy Limited (NASDAQ:IREN) shares are trading higher after the company announced an increase in power capacity by 150MW at its Childress site, bringing the total to 750MW. This expansion raises the company's total secured grid-connected power capacity to 2,310MW. Iris Energy also provided a business update, highlighting a strong cash position and zero debt, and noted that its 2024 expansion is fully funded. The company is set to report its Q2 financial results on August 5.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:24 pm

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