SeekingAlpha•2026-04-21
IREN: Hyperscaler Ambitions Vs. $6 Billion Dilution RiskIREN — IREN Ltd
NASDAQ · Technology · Technology
$45.17+2.85%Market cap11.54B
- Latest Close
- $45.17
- 30-Day Move
- +2.8%
- Market Cap
- $11.5B
- Shares Outstanding
- 398,990,000
- P/E Ratio
- 45.75
- P/B Ratio
- 1.8
Peers: TEAM, WTC.AX, TNE.AX, BRAI, IRE.AX, OCL.AX
NASDAQ:IRENTechnology / TechnologyDelayed public snapshot
IREN Ltd
A read-only Alphactor snapshot forIREN Ltd. It uses the same research structure as the app, but with delayed data and shallow depth so search visitors can evaluate the stock before signing up.
Snapshot as of2026-04-21
Topline snapshot
Latest Close
$45.17
30-Day Move
+2.8%
Market Cap
$11.5B
Shares Outstanding
398,990,000
P/E Ratio
45.75
P/B Ratio
1.8
Not investment advice. Signals and scores shown here are model outputs derived from historical data, not recommendations. Past performance does not guarantee future results. Do your own research before trading. Full disclaimer
Chart snapshot
$45.17
+2.8%last 90 delayed daily bars
Market cap$11.5B
90D High
$63.59
90D Low
$30.76
Avg Volume
36,439,550
What stands out
Gross margin is running at 68.3%, which gives a quick read on operating quality before you open the full model.
Net margin is 46.4%, useful for comparing IREN against peers in Technology.
IREN is up 2.8% over the last 30 trading days shown on this page.
Latest operating income is $-85M, which helps anchor the headline ratios with an actual earnings figure.
Research snapshot
Composite Fair Value
$22.48
Rule of 40
-224.9%
Dark Pool Short %
24.8%
Fundamentals snapshot
Latest Close
$45.17
30-Day Move
+2.8%
Market Cap
$11.5B
Shares Outstanding
398,990,000
P/E Ratio
45.75
P/B Ratio
1.8
ROE
4.8%
ROA
3.0%
Gross Margin
68.3%
Operating Margin
-19.1%
Net Margin
46.4%
Debt / Equity
0.53
Current Ratio
4.29
Latest Revenue
$185M
Financial statement snapshot
Revenue
$185M
Gross Profit
$119M
Operating Income
$-85M
Net Income
$-155M
Gross Margin
6827.0%
Net Margin
4640.0%
Current Ratio
4.29
Debt / Equity
0.53
Valuation snapshot
Fair Value
$22.48
Upside / Downside
-50.2%
Signal
Overvalued
Implied Growth
16.7%
DCF
$39.68
EV/Rev
$5.28
Growth Assumption
38.8%
Discount Rate
8.4%
Terminal Growth
2.0%
Base FCF
$246M
Valuation spread
Current Price
$45.17
Composite Fair Value
$22.48
DCF
$39.68
EV/Rev
$5.28
After signup
The full valuation workspace goes deeper
Adjust DCF growth, discount, and terminal assumptions instead of relying on one static snapshot.
Open the deeper balance-sheet and cash-flow views to inspect debt, liquidity, and cash generation line by line.
Compare multiple valuation models against peers and save your own thesis instead of re-reading a fixed public state.
Moderate growth priced in
Quality snapshot
Altman Z
6.28
Safe
Piotroski
3
Weak (0-3)
Cash Conversion
2.83x
Rule of 40
-224.9%
Concerning
Annual financial history
Annual performance mix
| Period | Revenue | Operating Income | Net Income | Free Cash Flow |
|---|---|---|---|---|
| 2024-06-30 | $187M | $-27M | $-29M | $-428M |
| 2024-12-31 | $187M | $-27M | $-29M | $-428M |
| 2025-06-30 | $501M | $22M | $87M | $-1.1B |
| 2025-12-31 | $501M | $22M | $87M | $-1.1B |
After signup
The app opens the full statement deep dive
Extend the history well beyond this public snapshot to inspect longer cycles and regime changes.
Move from summary lines into detailed balance-sheet and cash-flow rows for working capital, debt, and capex analysis.
Cross-link statement changes with alerts, watchlists, and saved research workflows after signup.
News snapshot
Benzinga•2026-04-21
Shares of crypto-related companies are trading lower as the price of Bitcoin retreats amid concerns over renewed Middle East hostilities.Yahoo•2026-04-17
Can 4.5GW Power Pipeline Drive IREN's $3.7B AI Cloud ARR Target?Benzinga•2026-04-17
Shares of crypto-related companies are trading higher as a de-escalation in Middle East tensions, a weakening U.S. dollar and bets for more Fed easing help boost the price of Bitcoin.Yahoo•2026-04-17
The Lockout Rally: Wall Street Just Made HistoryAfter signup
The full sentiment workspace adds context
Go past the public headlines into fuller article history, source cross-checks, and deeper narrative tracking.
Tie news into alerts, watchlists, and conviction changes instead of browsing one static batch of stories.
Insider activity snapshot
Buy Value
$0
Sell Value
$115M
Buys
0
Sells
6
Buy Value
$0
Sell Value
$115M
Buy/Sell Ratio
0.00x
After signup
The full app goes deeper on insider behavior
Inspect longer insider history, recurring buyers and sellers, and the broader transaction context beyond this snapshot.
Continue into deeper institutional and alternative-data views once you sign up.
Recent insider transactions
| Date | Name | Type | Shares | Price |
|---|---|---|---|---|
| 2025-09-11 | Roberts Daniel John | Sell | 1,000,000 | $33.13 |
| 2025-09-11 | Roberts William Gregory | Sell | 1,000,000 | $33.13 |
| 2025-09-04 | Roberts Daniel John | Sell | 500,000 | $23.51 |
| 2025-09-04 | Roberts William Gregory | Sell | 500,000 | $23.51 |
| 2025-09-03 | Roberts Daniel John | Sell | 500,000 | $25.49 |
| 2025-09-03 | Roberts William Gregory | Sell | 500,000 | $25.49 |
| 2025-07-01 | Guzowski Christopher | A | 39,168 | $0.00 |
| 2025-07-01 | Roberts William Gregory | A | 1,793,392 | $0.00 |
ETF holders snapshot
| ETF | Shares | Weight | As Of |
|---|---|---|---|
| Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF | 1,196,059 | 0.00% | 2025-12-31 |
| GROWTH FUND OF AMERICA | 1,000,000 | 0.00% | 2025-12-31 |
| GLOBAL X FUNDS-Global X Blockchain ETF | 708,739 | 0.00% | 2026-02-28 |
| EXCHANGE TRADED CONCEPTS TRUST-Bitwise Crypto Industry Innovators ETF | 449,718 | 0.00% | 2025-12-31 |
| NEUBERGER BERMAN EQUITY FUNDS-Neuberger Berman Mid Cap Growth Fund | 480,434 | 0.00% | 2026-03-31 |
| -Dan IVES Wedbush AI Revolution ETF | 426,259 | 0.00% | 2026-01-31 |
| VanEck ETF Trust-VanEck Digital Transformation ETF | 447,571 | 0.00% | 2026-02-28 |
| SPDR INDEX SHARES Fd.S-State Street SPDR PORT. Developed World ex-US E | 393,775 | 0.00% | 2026-02-28 |
After signup
The deeper ownership view shows who is leaning in
Open richer institutional and holder diffs to see position changes across filings instead of one static snapshot.
Use those ownership shifts alongside conviction and alerts in the full app workflow.
Institutional holders snapshot
Lone Pine Capital
Filed 2025-05-15
--
--
Two Sigma Advisers
Filed 2026-02-17
--
--
D.E. Shaw
Filed 2026-02-17
$749M
+35.5%
Citadel Advisors
Filed 2025-11-14
$597M
--
Goldman Sachs
Filed 2026-02-10
$522M
+391.6%
Invesco
Filed 2025-11-13
$126M
-9.6%
Dark-pool activity snapshot
For informational and educational purposes only. Not financial advice. Learn more
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