IREN Limited (IREN)

IREN Ltd.'s stock has experienced significant volatility and growth. The share price increased by 290.73% between November 27, 2024, and November 26, 2025, with a 352.80% increase over the last year. Key events include record performance in July-August 2025 due to strong Bitcoin mining economics and AI Cloud demand, achieving NVIDIA Preferred Partner status in August 2025, and insider selling by CEO Daniel John Roberts in September 2025. In October 2025, the stock fell sharply due to crypto market declines, investor unease about the AI-pivot strategy, rising short interest, analyst downgrades, and geopolitical factors. JPMorgan Chase & Co. raised its price objective in November 2025, while the stock continued to show volatility, with AI stocks experiencing a market cap loss.

Specific, detailed demand seasonality data for IREN Ltd.'s products and services is not readily available. Bitcoin mining revenue is heavily influenced by the price of Bitcoin and network hashrate, while demand for AI cloud services is driven by the increasing adoption of AI technologies. IREN's ability to run ASICs and GPUs side-by-side underscores the adaptability of its infrastructure.

IREN Ltd., formerly Iris Energy Limited, is an Australian company founded in 2018, operating a vertically integrated data center business. Headquartered in Sydney, Australia, it operates in the Technology Services sector, specifically in Data Processing Services, Financial Technology (Fintech) & Infrastructure, and Financial - Capital Markets. IREN owns and operates data centers powered by 100% renewable energy, optimized for power-dense computing applications like Bitcoin mining and AI cloud services, generating revenue through Bitcoin mining and AI cloud services.

IREN Ltd. has a geographic footprint that spans Australia, Canada, and the United States. The company's headquarters are located in Sydney, Australia. Its data center mining facilities are situated in Canal Flats, Mackenzie, and Prince George in British Columbia, Canada. In the United States, IREN operates a facility in Childress County, Texas, strategically located near multiple wind and solar generating facilities.

IREN Ltd. generally positions itself with a focus on sustainability and technological innovation, particularly in its use of 100% renewable energy and its dual focus on Bitcoin mining and AI cloud services. The company's reputation has faced challenges due to a short-seller report questioning AI claims, crypto market volatility, and AI pivot scrutiny. Despite these challenges, IREN has achieved NVIDIA Preferred Partner status, which enhances its credibility in the AI space.

IREN Ltd.'s ownership is a mix of institutional, insider, and retail investors, with approximately 50.68% held by institutional shareholders, 10.40% by insiders, and 38.91% by retail investors. Major institutional owners include Susquehanna International Group, Llp, Citadel Advisors Llc, and Jane Street Group, Llc. Key individual owners include William Gregory Roberts and Daniel John Roberts, who each own 4.94% of the company, with Daniel John Roberts also serving as Co-Founder and Co-CEO.