IREN Limited (IREN) is scheduled to report its third-quarter fiscal 2025 results on May 14.The Zacks Consensus Estimate for third-quarter fiscal 2025 is pegged at 17 cents per share, down a couple of cents over the past 30 days. IREN reported a profit of 8 cents per share in the year-ago quarter.The consensus mark for revenues is pegged at $155.69 million, suggesting an improvement of 186.45% from the year-ago quarter’s reported number.  Let’s see how things have shaped up for IREN Limited prior to this ann ...

SYDNEY, May 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for April 2025. April Highlights Mining capacity increased to 40 EH/s mid-monthOn track for 50 EH/s by June 30Miners scheduled to ship from Southeast Asia (during 90-day pause on reciprocal tariffs)AI Cloud Services revenue continuing to growHorizon 1 AI Data Center on track for H2 2025 deliveryCustomer and financing workstreams progressing Key M ...

Core Viewpoint - IREN Limited will release its financial results for the three and nine months ended March 31, 2025, on May 14, 2025, and will host a conference call for investors [1][2]. Company Overview - IREN is a leading data center business focused on Bitcoin and AI, utilizing 100% renewable energy [3]. - The company has been operational in Bitcoin mining since 2019, expanding its capacity to 52 EH/s in 2025 [4]. - IREN provides AI cloud services with 1,896 NVIDIA H100 & H200 GPUs, having started operations in 2024 [4]. - The company operates 660MW of data centers, with plans to expand to 910MW in 2025, designed for high-performance computing [4]. - IREN has secured a development portfolio of 2,910MW of grid-connected power across North America and holds over 2,000 acres of property for future development [4]. - The company targets sites with low-cost renewable energy and supports local electrical grids and communities [4].

Expansion to 50 EH/s on track for H1 2025SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided an update on its Bitcoin mining expansion. “We’re proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target,” said Daniel Roberts, IREN Co-Founder and Co-CEO. “The site team’s rapid expansion of data center capacity at Childress coupled with our best-in-class fleet efficiency and low electricity costs has ...

Core Insights - IREN Limited reported a significant increase in Bitcoin mining performance and revenue in March 2025, with a focus on scaling AI Cloud Services and AI Data Center businesses [1][7][11] Bitcoin Mining Performance - The average operating hashrate increased to 30.3 EH/s in March from 28.7 EH/s in February, with Bitcoin mined rising to 533 BTC from 459 BTC [4] - Revenue per Bitcoin decreased to $85,012 in March from $95,570 in February, while electricity costs per Bitcoin dropped to $20,460 from $28,341 [4] - Total revenue for March was $45.3 million, up from $43.9 million in February, with hardware profit reaching $34.4 million, an increase from $30.9 million [4][11] Capacity and Expansion Plans - Operating data center capacity increased to 660 MW, with Bitcoin mining capacity now at 37 EH/s, up from 31 EH/s, and on track for 50 EH/s in H1 2025 [5][11] - A new 600 MW grid connection agreement was signed, bringing total secured power capacity in West Texas to 2.75 GW [5][8] AI Cloud Services - Revenue from AI Cloud Services grew to $1.6 million in March from $1.2 million in February, with a hardware profit margin of 97% [6] - The company is prioritizing customer prepayments and various debt financing solutions to support AI opportunities [8][11] Management Commentary - Management emphasized the strategic pause in Bitcoin mining expansion to focus on scaling AI Cloud Services and AI Data Center businesses [7][11] - The company is closely monitoring tariff changes and their potential impact on supply chains [8] Financial Metrics - The hardware profit margin for Bitcoin mining was reported at 76% in March, up from 70% in February [4][6] - Annualized run-rate revenue for AI Cloud Services is now $26 million, reflecting strong customer onboarding [11]

Key Takeaways This Bitcoin and AI data centers stock trades 185% below its average Zacks price target OPRA is a leader in AI-driven content discovery tools, trading 37% below its highsThe recent stock market comeback—and Thursday’s selloff—highlight the challenges of market timing. Calling a bottom or a top in real time is next to impossible.The Nasdaq has jumped 95% since early 2020. This stellar return includes the lightning-quick COVID bear market and the prolonged 2022 bear market.The recent rally, eve ...

SYDNEY, March 20, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or the “Company”), today announced that, in connection with the Securities and Exchange Commission’s (“SEC”) review of its Form 20-F for the fiscal year ended June 30, 2024 (the “SEC Review”), and following review and consultation with management and upon the recommendation of the Audit and Risk Committee, the Board of Directors of the Company concluded that its previously issued consolidated finan ...

Core Insights - IREN Limited has signed a 600MW grid connection agreement for its Sweetwater 2 data center hub, which is part of a larger 2GW project in West Texas, enhancing its competitive position in scalable data center infrastructure [1] - The company emphasizes that its 2.75GW capacity in West Texas is fully contracted, reducing development risk and ensuring deliverable capacity [2] - IREN is focusing on aligning its infrastructure with the demands of global AI and cloud computing firms, with plans for fiber interconnections and data center colocation agreements [3] Company Overview - IREN operates one of the world's largest renewable energy markets, providing scalable and low-cost electricity [5] - The company has secured 600MW of power under a binding grid connection agreement, ensuring real, contracted capacity [5] - IREN's strategic location includes over 500 acres near existing facilities, with a direct fiber loop being designed to connect Sweetwater 1 and 2 [5] Future Developments - The energization of Sweetwater 1 is scheduled for April 2026, while Sweetwater 2 is expected to be energized in 2027 [3] - IREN's development portfolio includes 2,910MW of grid-connected power across North America and a multi-gigawatt development pipeline [12] - The company is expanding its data center capacity from 510MW to 910MW by 2025, specifically designed for high-performance computing applications [10]

Core Viewpoint - IREN Ltd's stock is experiencing an upward movement following an upgrade from J.P. Morgan Securities, which believes the stock has been excessively punished this year, presenting a favorable entry point for investors, despite a reduction in the price target from $15 to $12 [1]. Group 1: Stock Performance - IREN shares were observed to be 0.9% higher at $7.10 ahead of the market opening, indicating a potential recovery [2]. - The stock has faced significant pressure in 2024, with a year-to-date loss of 28.3%, and is trading near its lowest levels since early September [2]. Group 2: Market Sentiment - The crypto mining sector is under pressure due to bitcoin volatility and regulatory concerns, negatively impacting investor sentiment [2]. - Short interest in IREN has increased by 8.1% over the last two reporting periods, with 22.25 million shares sold short, representing 11.1% of the stock's available float [3]. Group 3: Options Trading - Options traders are currently leaning bearish, as indicated by IREN's Schaeffer's put/call open interest ratio, which is in the 80th percentile of annual readings [3]. - A potential unwinding of this bearish sentiment could act as a bullish catalyst for the stock [3].

SYDNEY, March 06, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN" or "the Company"), today published its monthly update for February 2025. February Highlights Resilient mining hardware profit margin (70%)Ramping up to 50 EH/s over the next 4 monthsAI Cloud Service nearing full utilization at end of FebAI Data Center ‘Horizon 1' customer diligence ongoingCommenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 2026Finalizing 600MW Sweet ...