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 has released its monthly investor update, revealing plans to target next-generation computing and generative AI with NVIDIA's H100 GPUs. The company did not provide further details on the implementation or expected impact on its operations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:24 am

In the last quarter, Iris Energy (NASDAQ:IREN) received 2 bullish and 3 somewhat bullish ratings from analysts. The company's average 12-month price target has increased by 12.5% from $8.00 to $9.00.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:01 pm

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

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 1:55 pm

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. The stocks involved include Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), Intel (INTC), Marathon Digital Holdings (MARA), Dell Technologies (DELL), Taiwan Semiconductor Manufacturing (TSM), IronNet (IREN), and Enphase Energy (ENPH). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:35 pm

Several information technology stocks experienced significant movement during Tuesday's intraday session. Notable gainers included Marathon Digital Holdings (MARA), Mawson Infra Gr (MIGI), Argo Blockchain (ARBK), Iris Energy (IREN), TeraWulf (WULF), and BTCS (BTCS). On the other hand, Hitek Global (HKIT), Peraso (PRSO), Cemtrex (CETXP), NiSun Intl Enterprise Dev (NISN), XIAO-I (AIXI), and OMNIQ (OMQS) saw their stock prices decrease.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:31 pm

Iris Energy Limited (NASDAQ:IREN), a Bitcoin mining data center operator, has purchased 248 NVIDIA H100 GPUs for approximately $10 million. The GPUs will be used to target generative AI.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:32 am

Canaccord analyst Joseph Vafi reiterated a Buy rating on several digital asset, financial technology, and IT and business services stocks. The companies include Cipher Mining Inc, HIVE Digital Technologies Ltd, Hut 8 Mining Corp, Iris Energy Limited, ACI Worldwide, Inc, Open Lending Corp, Nuvei Corp, Payfare, Inc, Pagaya Technologies Ltd, Concentrix Corp, and ICF International, Inc. The analyst believes these companies are well-positioned for potential changes in the regulatory landscape and the introduction of next-generation technology.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 5:32 pm

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

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:48 pm

In Friday's pre-market session, several IT stocks showed significant movement. AXT, WeTrade Group, Aeva Technologies, Dolby Laboratories, Argo Blockchain, and ComSovereign Holding saw gains, while Canaan, Keysight Techs, Datasea, Zuora, BILL Holdings, and Iris Energy experienced losses. Keysight Techs and BILL Holdings' losses followed their Q3 and Q4 earnings reports, respectively.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:06 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Iris Energy (NASDAQ:IREN) and maintained a $7 price target.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 1:04 pm

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