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 is partnering with Bitmain Technologies Delaware to acquire approximately 7,000 latest-generation Bitmain S21 miners for $19.6M. This acquisition will increase Iris Energy's self-mining capacity by 25% from 5.6 Eh/S to 7.0 Eh/S, with a target operating capacity of up to 9.4 Eh/S.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:01 am

During Friday's pre-market session, several information technology stocks experienced significant movements. Meta Materials, WiSA Technologies, Smith Micro Software, Aeva Technologies, Iris Energy, and ComSovereign Holding saw gains, while Glimpse Group, Sigma Additive Solutions, WaveDancer, GSE Systems, Ostin Technology Group, and Ebix experienced losses. Glimpse Group's drop was due to the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 1:05 pm

Iris Energy Ltd has entered into an at-market issuance sales agreement to offer up to $300 million of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:50 pm

Iris Energy (NASDAQ:IREN) has received 7 bullish and somewhat bullish ratings from analysts in the last quarter. The company's average 12-month price target is $9.14, a decrease of 8.6% from the previous average of $10.00.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:00 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated his Overweight rating on Iris Energy (NASDAQ:IREN) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:13 pm

B. Riley Securities analyst Lucas Pipes has reiterated a 'Buy' rating on Iris Energy (NASDAQ:IREN) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:03 pm

During Friday's intraday session, several information technology stocks experienced significant movements. Gainers included NOVONIX (NVX), Airspan Networks Hldgs (MIMO), Verb Tech (VERB), Bitdeer Technologies (BTDR), Cepton (CPTN), and Semantix (STIX). Losers included RF Industries (RFIL), Mitek Systems (MITK), Iris Energy (IREN), DatChat (DATS), SEALSQ (LAES), and Rubicon Technologies (RBT).

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:31 pm

Several US stocks recorded losses on Friday, including PTC Therapeutics, which fell 31.6% after a negative opinion on its Translarna treatment, Planet Fitness, which dropped 15.2% following a CEO change, and Kemper Corporation, which fell 10.5% after appointing an interim CFO. Other companies that saw declines include Mitek Systems, GDEV Inc., Kaixin Auto Holdings, The Vita Coco Company, Ambrx Biopharma, Perfect Corp., Iris Energy Limited, FingerMotion, Super Micro Computer, Lindsay Corporation, ProKidney Corp., AlloVir, Hovnanian Enterprises, and The Aaron's Company.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 3:38 pm

During Thursday's intraday session, several information technology stocks experienced significant movements. PFSweb (PFSW), SemiLEDs (LEDS), Iris Energy (IREN), AudioEye (AEYE), WiSA Technologies (WISA), and Soluna Holdings (SLNH) saw their stocks rise, with PFSweb leading the gainers with a 48.2% increase. On the other hand, MicroCloud Hologram (HOLO), Semantix (STIX), CS Disco (LAW), T Stamp (IDAI), FOXO Technologies (FOXO), and Actelis Networks (ASNS) experienced a decrease in their stock prices, with MicroCloud Hologram leading the losers with a 37.5% decrease.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:31 pm

HC Wainwright & Co. has maintained its Buy rating for Iris Energy (NASDAQ:IREN) and increased its price target from $10.00 to $11.00. Iris Energy, a bitcoin mining company, saw its shares trading up 11.41% over the last 24 hours, at $4.94 per share. A move to $11.00 would account for a 122.88% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

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