IREN
Data center operator originally focused on Bitcoin, now pivoting to AI compute.
First Mentioned
3/24/2026, 6:20:17 AM
Last Updated
3/24/2026, 6:23:52 AM
Research Retrieved
3/24/2026, 6:23:52 AM
Summary
IREN Limited, formerly known as Iris Energy Limited, is a vertically integrated data center organization headquartered in Sydney, Australia, that specializes in high-performance computing for AI and Bitcoin mining. Founded in 2018 by Daniel and William Roberts, the company is currently undergoing a strategic transition from its cryptocurrency roots to becoming a major AI Cloud Service Provider. IREN develops gigawatt-scale data center facilities in renewable-rich regions, including Texas, Oklahoma, and British Columbia, utilizing sustainable energy sources such as wind and solar power. The company has secured significant partnerships, most notably a $9.7 billion contract with Microsoft, and is exploring advanced energy solutions like nuclear power to address the physical infrastructure bottlenecks of the AI boom.
Referenced in 1 Document
Research Data
Extracted Attributes
Founded
2018-11-06
Industry
Data Centers, AI Infrastructure, Bitcoin Mining
Full Name
IREN Limited
Former Name
Iris Energy Limited
Headquarters
Sydney, Australia
Stock Symbol
NASDAQ: IREN
Employee Count
Approximately 457
Market Capitalization
14.01 Billion USD
Primary Energy Sources
Wind Energy, Solar Energy, exploring Nuclear Power
Timeline
- IREN (as Iris Energy) was founded by Daniel and William Roberts. (Source: TradingView)
2018-11-06
- IREN completed its Initial Public Offering (IPO) on the NASDAQ. (Source: TradingView)
2021-11-17
- Company stock reached an all-time low of 1.02 USD. (Source: TradingView)
2022-12-28
- Iris Energy Limited officially changed its name to IREN Limited. (Source: Yahoo Finance)
2024-11-01
- Company stock reached an all-time high of 76.87 USD. (Source: TradingView)
2025-11-05
- Target date to reach $3.4bn in AI Cloud ARR and expansion to 140,000 GPUs. (Source: Web Search (LinkedIn))
2026-12-31
- Power is scheduled to begin ramping at the new 1.6GW data center campus in Oklahoma. (Source: Web Search (LinkedIn))
2028-01-01
Web Search Results
- IREN - LinkedIn
# IREN AI Cloud for the next big thing Technology, Information and Internet • Sydney, New South Wales • 23,583 followers • 51-200 employees ## Overview IREN is a leading AI Cloud Service Provider, delivering large-scale GPU clusters for AI training and inference. IREN’s vertically integrated platform is underpinned by its expansive portfolio of grid-connected land and data centers in renewable-rich regions across the U.S. and Canada. ### Website ### Crunchbase ### LinkedIn ### Industry Technology, Information and Internet ### Company Size 51-200 employees 281 associated members (LinkedIn members who've listed IREN as their current workplace on their profile) ### Founded N/A [...] 188, Comments: 2]; IREN (3mo): IREN today reported its Q1 FY26 results. Key highlights: - Targeting $3.4bn in AI Cloud ARR by end of 2026 (expansion to 140k GPUs) - Secured $9.7bn contract with Microsoft: 5-years, 20% prepayment, $1.9bn ARR contribution - New multi-year contracts supporting growth to target AI Cloud ARR of >$500m by end of Q1 2026, including with Together AI, Fluidstack and Fireworks AI Daniel Roberts Co-Founder and Co-CEO of IREN, commented “IREN continues to execute with discipline, delivering record results this quarter and meaningful progress in our AI Cloud expansion. We secured several new multi-year contracts, including a landmark partnership with Microsoft, which solidifies IREN’s position as a leading AI Cloud Service Provider and expands our reach into new [...] IREN (1w): IREN today reported its Q2 FY26 results. Key highlights: ✔️$3.6bn GPU financing secured for Microsoft contract - Interest rate of <6% p.a. - Together with Microsoft prepayment ($1.9bn) covers 95% of GPU-related capex ✔️Targeted 140k GPU expansion on track to deliver $3.4bn ARR by end of CY26 - Horizon 1-4 construction progressing to schedule - British Columbia AI Cloud expansion ongoing, with ~$0.4bn ARR now under contract for Prince George and remaining contract negotiations supporting >$0.5bn ARR ✔️New 1.6GW data center campus in Oklahoma - Increases secured grid-connected power to >4.5GW - Grid-studies complete, with power scheduled to ramp from 2028 - Large scale site (2,000 acres) with low latency network connectivity Daniel Roberts Co-Founder and Co-CEO of IREN, commented
- IREN Limited (IREN) Company Profile & Facts - Yahoo Finance
61 2 7906 8301 Sector: : Financial Services Industry: Capital Markets Full Time Employees: : 257 ### Description IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia. ### Corporate Governance [...] | Name | Title | Pay | Exercised | Year Born | --- --- | Mr. William Roberts | Co-Founder, Co-CEO & Executive Director | 2.95M 1990 | | Mr. Daniel Roberts | Co-Founder, Co-CEO & Executive Director | 2.95M 1985 | | Mr. Anthony John Lewis | Chief Financial Officer -- | 1976 | | Mr. David Shaw | Chief Operating Officer | 711.43k 1967 | | Mr. Denis Skrinnikoff | Chief Technology Officer -- | 1985 | | Mike Power | Vice President of Investor Relations -- | Ms. Cesilia Kim | Chief Legal Officer & Secretary | 774.97k 1975 | | Ms. Heather Miller | Vice President of People, Culture & Community -- | Kent Draper | Chief Commercial Officer -- ### IREN Limited 55 Market Street Level 6 Sydney, NSW 2000 Australia 61 2 7906 8301 Sector: : Financial Services [...] - Makeup - Nails - Skincare - Sunscreen + Health - Dental - Fitness - Hair loss - Hearing - Mental health - Mobility - Nutrition - Personal care - Sexual health - Sleep - Women's health + Home and garden - Bath - Bedding - Cleaning - Gardening - Kitchen - Outdoor + Pets + Tech - Accessories - Audio - Auto - Computers - Phones - Smart home - Streaming - TVs + Gift ideas - Best gifts for men - Best gift cards - Best gifts for mom - Best gifts for teens + Stores - Amazon - Best Buy - Home Depot - Macy's - Nordstrom - Target - Walmart - Wayfair + Shopping Guides - Best cordless stick vacuums
- Iren Baby Name - Meaning, History, Usage, and Variations Uncovered
GenderAPI Logo Iren is a calm name linked to peace and harmony. # Iren - Meaning, History, Usage, and Variations Uncovered IREN is a name associated with peace and harmony, evoking calm, balance, and serenity. This page explores its meaning, origin, gender usage, popularity trends, and related names. ## Meaning of Iren The name Iren is often associated with a sense of harmony and tranquility. Rooted in the concept of peace, it evokes feelings of calmness and balance. The meaning reflects a person who embodies serenity and amiability, making it a cherished name for those who seek a life of inner and outer harmony. ## Pronunciation of Ειρήνη in Greek /iˈriː.ni/ - Ειρήνη It is pronounced 'ee-REE-nee', focusing on the long 'ee' sounds, with emphasis on 'REE'. ## Origins of Iren [...] ## Frequently Asked Questions About the Name Iren Answers to the most common questions people ask about the name Iren. ### What is the meaning of the name Iren? The name Iren means peace, symbolizing harmony and tranquility. ### What is the origin of the name Iren? Iren originates from Greek culture, derived from 'Eirene', meaning peace. ### Is Iren a gender-neutral name? Yes, Iren is a gender-neutral name used for both males and females. ### How popular is the name Iren? Iren is moderately popular, especially in Eastern Europe and Scandinavian countries. ### How is the name Iren used globally? Globally, Iren is used in diverse cultures, particularly in Hungary, Greece, and Scandinavia, often in various linguistic forms.
- IREN Stock Price and Chart — NASDAQ:IREN - TradingView
Website iren.com Headquarters Sydney Founded 2018 IPO date Nov 17, 2021 Identifiers 2 ISINAU0000185993 IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia. ## Related stocks Check out other big names from the same industry as IREN. ## Financials Performance Revenue to profit conversion Debt level and coverage Earnings Next:— ## News [...] IRENreached its all-time high on Nov 5, 2025with the price of 76.87 USD, and its all-time low was 1.02 USDand was reached on Dec 28, 2022. View more price dynamics on IREN chart. See other stocks reaching their highest and lowest prices. IRENstock is 9.99% volatile and has beta coefficient of 2.02. Track IREN Limitedstock price on the chart and check out the list of the most volatile stocks — is IREN Limited there? Today IREN Limitedhas the market capitalization of 14.01 B, it has decreased by −14.13% over the last week. Yes, you can track IREN Limited financials in yearly and quarterly reports right on TradingView. IREN Limitedis going to release the next earnings report on May 13, 2026. Keep track of upcoming events with our Earnings Calendar. [...] IRENearnings for the last quarter are −0.52 USDper share, whereas the estimation was −0.11 USDresulting in a −374.79% surprise. The estimated earnings for the next quarter are −0.24 USDper share. See more details about IREN Limited earnings. IREN Limited revenue for the last quarter amounts to 184.69 M USD, despite the estimated figure of 224.33 M USD. In the next quarter, revenue is expected to reach 226.40 M USD. IRENnet income for the last quarter is −102.02 M USD, while the quarter before that showed 251.58 M USDof net income which accounts for −140.55% change. Track more IREN Limited financial stats to get the full picture. No, IRENdoesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
- IREN Limited: IREN Stock Price Quote & News - Robinhood
# IREN Limited #### Trade IREN Limited 24 hours a day, five days a week on Robinhood. Robinhood gives you the tools to revolutionize your trading experience. Use the streamlined mobile app, or access advanced charts and execute precise trades on our browser-based platform, Robinhood Legend. Risks and limitations apply. Sign up and join over 25 million investors. ## About IREN ### IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. CEO Daniel Roberts CEODaniel Roberts Employees 457 Employees457 Headquarters Sydney, New South Wales (NSW) HeadquartersSydney, New South Wales (NSW) Founded 2018 Founded2018 [...] Founded 2018 Founded2018 Employees 457 Employees457 ## IREN Key Statistics Market cap 14.01B Market cap14.01B Price-Earnings ratio 48.20 Price-Earnings ratio48.20 Dividend yield — Dividend yield— Average volume 47.44M Average volume47.44M High today $43.47 High today$43.47 Low today $39.52 Low today$39.52 Open price $40.73 Open price$40.73 Volume 31.58M Volume31.58M 52 Week high $76.87 52 Week high$76.87 52 Week low $5.13 52 Week low$5.13 ## Stock Snapshot As of today, IREN Limited(IREN) shares are valued at $42.16. The company's market cap stands at 14.01B, with a P/E ratio of 48.20.
Wikidata
View on WikidataCountry
Instance Of
Headquarters
Inception Date
1/1/2018
Location Data
Iren, 103, Corso Traiano, Lingotto, Circoscrizione 8, Torino, Piemonte, 10135, Italia
Coordinates: 45.0225401, 7.6494657
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