Skip to the content
MinerTerminal
BTDR $7.84CIFR $8.88CLSK $8.43CORZ $13.79HUT $69.04IREN $26.62MARA $7.48RIOT $13.77WULF $12.01
Sign in
IREN logo

IRENNasdaq

IREN Ltd

Investor relationsEDGAR filingsNewsroom

Tier 1US filer (10-K, 10-Q, 8-K)fiscal year ends 30 June

Formerly Iris Energy Ltd (to Nov 29, 2024) and Iris Energy Pty Ltd (to Oct 6, 2021).

Close
Market cap
Close, one year$26.62 to $76.41
Guidance delivered 1 of 1: one scorable statement is too few to band; it was delivered (1 reported result shown, not scored).
Average cost per bitcoin held
IREN holds no bitcoin.
IREN holds no bitcoin: its 10-K for the year ended Jun 30, 2026 says it "did not have any Bitcoin held on our balance sheet as of June 30, 2026".
Cost per bitcoin mined
$34,400 per BTC
Quarter ended Dec 31, 2025. Power cost only. IREN's 'net electricity costs per Bitcoin mined', a non-GAAP measure: the net electricity costs of its Bitcoin mining divided by the Bitcoin mined. Net electricity costs are its electricity charges, less demand response program income, plus demand response program fees, adjusted for realized gains or losses on electricity financial assets, and less the electricity charges of its AI Cloud Services. They exclude the cost of renewable energy certificates. For the quarter ended Dec 31, 2025: electricity charges $59.7 million, demand response program income $1.8 million, demand response program fees $0.1 million, no gains or losses on electricity financial assets and $0.8 million of AI Cloud Services electricity taken out, which gives $57.2 million over 1,664 Bitcoin mined. The 10-Q prints it in thousands of dollars, as 34.4. IREN's 10-Q for the quarter ended Mar 31, 2026 and its 10-K for the year ended Jun 30, 2026 do not print this measure. Source
Bitcoin per share
IREN holds no bitcoin.
Cost basis per share
IREN holds no bitcoin.

Key figures

  • Hashrate
    50.0 EH/s
    As of Oct 14, 2025, source
  • Bitcoin mined
    6,075 BTC
    12 months ended Jun 30, 2026, source
  • Bitcoin held
    0 BTC
    As of Jun 30, 2026, source
  • Cost per bitcoin
    $34,400 per BTC
    Power cost only. Quarter ended Dec 31, 2025, source
  • Power online
    810 MW
    As of Oct 14, 2025, source
  • Power in development
    5,000 MW
    guidance
    Guidance, as of Aug 27, 2026, source
  • Cash and net debt
    $5.9B
    As of Jun 30, 2026, source
  • Average shares
    316.1M shares
    12 months ended Jun 30, 2026, source

Not stated in the filings, releases or decks we read: Fleet efficiency, Power under contract, Contracted revenue, AI and HPC revenue, Adjusted EBITDA, Build cost per megawatt, Other crypto held.

Market

How prices are sourced

Daily closes through Oct 20, 2026.

IRENIREN Ltd

Nasdaq, USD

Close
$26.62-1.11 (-4.0%)
After hours
Not on file

Want candlesticks, moving averages or other miners on the same chart? Open IREN in the Chart Studio.

1 day: The feed records one close per session; intraday prices are not on file. 5 years: First close on file Nov 17, 2021, after this range starts. 10 years: First close on file Nov 17, 2021, after this range starts.

Oct 20, 2026, $26.62

IREN daily close

Closing price per share in the selected range. As of Oct 20, 2026.

Method and sources

IREN closed at $26.62 on Oct 20, 2026, -1.11 (-4.0%) from the prior close. 252 of 252 shown sessions carry sourced volume.

Covers
IREN 1Y window, Oct 20, 2025 to Oct 20, 2026
Unit
USD per share

Source: How prices are sourced

IREN daily close
PeriodIREN (USD per share)
Oct 20, 202559.22
Oct 21, 202555.20
Oct 22, 202551.83
Oct 23, 202555.86
Oct 24, 202562.90
Oct 27, 202564.99
Oct 28, 202562.42
Oct 29, 202560.42
Oct 30, 202558.22
Oct 31, 202560.75
Nov 3, 202567.75
Nov 4, 202566.63
Nov 5, 202576.41
Nov 6, 202566.96
Nov 7, 202562.38
Nov 10, 202560.17
Nov 11, 202557.38
Nov 12, 202555.70
Nov 13, 202548.65
Nov 14, 202546.37
Nov 17, 202547.41
Nov 18, 202548.85
Nov 19, 202545.83
Nov 20, 202543.47
Nov 21, 202542.26
Nov 24, 202548.49
Nov 25, 202547.47
Nov 26, 202548.45
Nov 28, 202547.81
Dec 1, 202548.49
Dec 2, 202541.12
Dec 3, 202543.96
Dec 4, 202546.45
Dec 5, 202544.71
Dec 8, 202546.34
Dec 9, 202546.84
Dec 10, 202543.92
Dec 11, 202543.94
Dec 12, 202540.13
Dec 15, 202535.48
Dec 16, 202536.59
Dec 17, 202533.78
Dec 18, 202535.80
Dec 19, 202539.92
Dec 22, 202542.04
Dec 23, 202542.07
Dec 24, 202541.98
Dec 26, 202540.30
Dec 29, 202539.41
Dec 30, 202538.30
Dec 31, 202537.77
Jan 2, 202642.70
Jan 5, 202648.24
Jan 6, 202645.91
Jan 7, 202643.63
Jan 8, 202645.68
Jan 9, 202646.03
Jan 12, 202650.33
Jan 13, 202652.99
Jan 14, 202652.88
Jan 15, 202651.89
Jan 16, 202657.82
Jan 20, 202654.26
Jan 21, 202653.48
Jan 22, 202652.26
Jan 23, 202656.68
Jan 26, 202652.36
Jan 27, 202659.99
Jan 28, 202662.94
Jan 29, 202659.84
Jan 30, 202653.74
Feb 2, 202653.08
Feb 3, 202654.39
Feb 4, 202644.94
Feb 5, 202639.79
Feb 6, 202641.83
Feb 9, 202646.15
Feb 10, 202642.93
Feb 11, 202642.67
Feb 12, 202640.03
Feb 13, 202642.22
Feb 17, 202640.97
Feb 18, 202642.08
Feb 19, 202643.29
Feb 20, 202639.98
Feb 23, 202642.36
Feb 24, 202645.45
Feb 25, 202644.03
Feb 26, 202644.24
Feb 27, 202640.95
Mar 2, 202641.39
Mar 3, 202638.85
Mar 4, 202643.84
Mar 5, 202640.13
Mar 6, 202636.70
Mar 9, 202638.84
Mar 10, 202638.12
Mar 11, 202641.98
Mar 12, 202641.37
Mar 13, 202641.58
Mar 16, 202644.94
Mar 17, 202642.96
Mar 18, 202642.21
Mar 19, 202641.66
Mar 20, 202641.29
Mar 23, 202642.16
Mar 24, 202641.12
Mar 25, 202641.43
Mar 26, 202637.45
Mar 27, 202635.09
Mar 30, 202631.62
Mar 31, 202634.28
Apr 1, 202634.09
Apr 2, 202634.77
Apr 6, 202635.13
Apr 7, 202635.74
Apr 8, 202636.83
Apr 9, 202637.06
Apr 10, 202639.32
Apr 13, 202643.07
Apr 14, 202647.37
Apr 15, 202648.82
Apr 16, 202647.70
Apr 17, 202648.12
Apr 20, 202648.72
Apr 21, 202645.17
Apr 22, 202648.39
Apr 23, 202652.02
Apr 24, 202650.64
Apr 27, 202648.36
Apr 28, 202644.44
Apr 29, 202642.86
Apr 30, 202645.51
May 1, 202645.66
May 4, 202649.48
May 5, 202654.74
May 6, 202660.98
May 7, 202656.85
May 8, 202661.20
May 11, 202655.15
May 12, 202656.56
May 13, 202655.17
May 14, 202658.40
May 15, 202652.94
May 18, 202650.46
May 19, 202647.74
May 20, 202652.71
May 21, 202658.06
May 22, 202656.83
May 26, 202659.78
May 27, 202667.84
May 28, 202664.05
May 29, 202663.54
Jun 1, 202665.33
Jun 2, 202666.60
Jun 3, 202665.48
Jun 4, 202661.86
Jun 5, 202654.35
Jun 8, 202659.19
Jun 9, 202654.02
Jun 10, 202651.52
Jun 11, 202656.71
Jun 12, 202659.77
Jun 15, 202660.85
Jun 16, 202659.18
Jun 17, 202658.11
Jun 18, 202659.96
Jun 22, 202656.87
Jun 23, 202654.72
Jun 24, 202650.30
Jun 25, 202647.74
Jun 26, 202647.21
Jun 29, 202645.91
Jun 30, 202645.73
Jul 1, 202643.32
Jul 2, 202638.82
Jul 6, 202643.91
Jul 7, 202639.82
Jul 8, 202643.01
Jul 9, 202641.72
Jul 10, 202641.14
Jul 13, 202638.98
Jul 14, 202638.59
Jul 15, 202638.28
Jul 16, 202634.83
Jul 17, 202633.62
Jul 20, 202640.20
Jul 21, 202641.29
Jul 22, 202641.28
Jul 23, 202640.58
Jul 24, 202637.07
Jul 27, 202636.29
Jul 28, 202633.93
Jul 29, 202629.31
Jul 30, 202638.26
Jul 31, 202636.80
Aug 3, 202639.75
Aug 4, 202640.85
Aug 5, 202638.89
Aug 6, 202637.93
Aug 7, 202641.23
Aug 10, 202638.74
Aug 11, 202639.75
Aug 12, 202643.67
Aug 13, 202644.76
Aug 14, 202644.06
Aug 17, 202644.90
Aug 18, 202642.00
Aug 19, 202642.84
Aug 20, 202642.60
Aug 21, 202641.88
Aug 24, 202639.81
Aug 25, 202642.21
Aug 26, 202639.58
Aug 27, 202640.53
Aug 28, 202635.45
Aug 31, 202637.12
Sep 1, 202636.82
Sep 2, 202639.60
Sep 3, 202641.65
Sep 4, 202644.68
Sep 8, 202646.93
Sep 9, 202645.37
Sep 10, 202643.64
Sep 11, 202643.83
Sep 14, 202643.17
Sep 15, 202641.58
Sep 16, 202642.62
Sep 17, 202643.48
Sep 18, 202646.68
Sep 21, 202647.23
Sep 22, 202648.55
Sep 23, 202647.05
Sep 24, 202646.15
Sep 25, 202644.13
Sep 28, 202641.72
Sep 29, 202641.38
Sep 30, 202640.88
Oct 1, 202640.65
Oct 2, 202641.76
Oct 5, 202640.48
Oct 6, 202641.28
Oct 7, 202638.69
Oct 8, 202635.71
Oct 9, 202635.19
Oct 12, 202634.80
Oct 13, 202634.80
Oct 14, 202630.56
Oct 15, 202630.39
Oct 16, 202626.99
Oct 19, 202627.73
Oct 20, 202626.62

IREN daily trading volume

Shares traded in each session in the selected range. As of Oct 20, 2026.

Method and sources

IREN recorded 73,361,921 shares of trading volume on Oct 20, 2026. Sourced volume is on file for 252 of 252 shown sessions.

Covers
IREN 1Y window, Oct 20, 2025 to Oct 20, 2026
Unit
shares

Source: How prices are sourced

IREN daily trading volume
PeriodVolume (shares)
Oct 20, 202535,132,124
Oct 21, 202541,174,234
Oct 22, 202553,283,007
Oct 23, 202531,241,057
Oct 24, 202537,485,850
Oct 27, 202533,505,222
Oct 28, 202527,360,403
Oct 29, 202528,918,740
Oct 30, 202518,455,739
Oct 31, 202520,997,094
Nov 3, 202580,440,708
Nov 4, 202545,952,292
Nov 5, 202545,875,009
Nov 6, 202552,439,829
Nov 7, 202553,464,565
Nov 10, 202539,900,959
Nov 11, 202529,975,820
Nov 12, 202528,778,042
Nov 13, 202549,348,192
Nov 14, 202549,855,921
Nov 17, 202533,606,925
Nov 18, 202537,845,876
Nov 19, 202542,020,922
Nov 20, 202563,288,970
Nov 21, 202550,691,359
Nov 24, 202536,655,435
Nov 25, 202538,228,307
Nov 26, 202526,981,673
Nov 28, 202519,588,864
Dec 1, 202522,962,919
Dec 2, 202583,201,718
Dec 3, 202560,083,179
Dec 4, 202537,973,658
Dec 5, 202528,827,159
Dec 8, 202531,025,456
Dec 9, 202530,778,383
Dec 10, 202532,084,721
Dec 11, 202526,514,583
Dec 12, 202535,607,110
Dec 15, 202547,434,825
Dec 16, 202544,868,203
Dec 17, 202533,031,668
Dec 18, 202536,087,339
Dec 19, 202530,827,082
Dec 22, 202534,981,846
Dec 23, 202522,761,098
Dec 24, 202510,710,698
Dec 26, 202520,249,566
Dec 29, 202522,027,549
Dec 30, 202519,073,020
Dec 31, 202520,982,431
Jan 2, 202630,533,285
Jan 5, 202647,924,816
Jan 6, 202638,993,617
Jan 7, 202621,816,473
Jan 8, 202634,060,223
Jan 9, 202641,300,365
Jan 12, 202653,225,835
Jan 13, 202642,181,921
Jan 14, 202638,743,970
Jan 15, 202638,234,964
Jan 16, 202653,965,869
Jan 20, 202645,490,140
Jan 21, 202662,001,246
Jan 22, 202632,969,550
Jan 23, 202656,562,246
Jan 26, 202642,447,692
Jan 27, 202655,177,891
Jan 28, 202644,007,284
Jan 29, 202649,193,914
Jan 30, 202648,061,841
Feb 2, 202640,905,328
Feb 3, 202636,286,534
Feb 4, 202666,531,587
Feb 5, 202671,587,099
Feb 6, 202675,224,194
Feb 9, 202648,851,029
Feb 10, 202635,751,777
Feb 11, 202637,394,852
Feb 12, 202630,323,033
Feb 13, 202631,579,644
Feb 17, 202623,513,851
Feb 18, 202628,281,671
Feb 19, 202626,594,259
Feb 20, 202641,943,998
Feb 23, 202630,811,442
Feb 24, 202637,593,194
Feb 25, 202632,306,312
Feb 26, 202626,661,456
Feb 27, 202652,659,330
Mar 2, 202627,535,218
Mar 3, 202631,251,334
Mar 4, 202639,073,922
Mar 5, 202645,269,290
Mar 6, 202634,750,190
Mar 9, 202631,856,478
Mar 10, 202628,138,182
Mar 11, 202639,131,186
Mar 12, 202629,491,865
Mar 13, 202634,432,233
Mar 16, 202640,308,372
Mar 17, 202627,945,777
Mar 18, 202623,967,300
Mar 19, 202623,952,686
Mar 20, 202634,840,874
Mar 23, 202640,609,231
Mar 24, 202629,775,792
Mar 25, 202629,776,685
Mar 26, 202636,651,279
Mar 27, 202628,954,877
Mar 30, 202641,738,953
Mar 31, 202632,709,526
Apr 1, 202627,730,936
Apr 2, 202630,118,143
Apr 6, 202621,654,595
Apr 7, 202623,915,544
Apr 8, 202635,485,743
Apr 9, 202627,723,429
Apr 10, 202635,297,463
Apr 13, 202639,511,457
Apr 14, 202646,944,122
Apr 15, 202632,206,710
Apr 16, 202636,818,036
Apr 17, 202630,817,727
Apr 20, 202635,972,988
Apr 21, 202635,271,306
Apr 22, 202633,306,624
Apr 23, 202657,871,775
Apr 24, 202641,941,322
Apr 27, 202633,168,646
Apr 28, 202639,925,242
Apr 29, 202625,357,031
Apr 30, 202629,279,646
May 1, 202626,149,773
May 4, 202642,428,791
May 5, 202648,226,592
May 6, 202662,384,689
May 7, 202681,891,801
May 8, 2026110,542,100
May 11, 2026112,561,480
May 12, 202676,104,727
May 13, 202649,514,593
May 14, 202658,403,028
May 15, 202648,691,571
May 18, 202643,039,757
May 19, 202637,577,516
May 20, 202644,421,023
May 21, 202650,294,809
May 22, 202636,358,441
May 26, 202641,948,964
May 27, 202685,377,491
May 28, 202646,938,604
May 29, 202650,313,605
Jun 1, 202656,409,454
Jun 2, 202651,689,979
Jun 3, 202659,382,878
Jun 4, 202647,120,814
Jun 5, 202664,148,748
Jun 8, 202641,125,888
Jun 9, 202657,349,388
Jun 10, 202640,574,471
Jun 11, 202648,863,221
Jun 12, 202645,488,280
Jun 15, 202633,192,941
Jun 16, 202632,102,138
Jun 17, 202636,100,486
Jun 18, 202639,394,563
Jun 22, 202635,086,459
Jun 23, 202632,248,117
Jun 24, 202638,885,645
Jun 25, 202636,214,665
Jun 26, 202650,929,295
Jun 29, 202634,318,447
Jun 30, 202628,299,967
Jul 1, 202641,807,508
Jul 2, 202660,368,806
Jul 6, 202653,915,738
Jul 7, 202642,364,026
Jul 8, 202634,990,983
Jul 9, 202638,622,406
Jul 10, 202630,169,833
Jul 13, 202636,157,696
Jul 14, 202635,274,535
Jul 15, 202636,231,864
Jul 16, 202641,339,139
Jul 17, 202647,227,382
Jul 20, 202693,338,234
Jul 21, 202651,029,986
Jul 22, 202641,772,847
Jul 23, 202641,864,338
Jul 24, 202634,580,387
Jul 27, 202634,868,063
Jul 28, 202647,608,809
Jul 29, 202671,021,409
Jul 30, 202672,983,562
Jul 31, 202665,451,239
Aug 3, 202643,898,321
Aug 4, 202641,251,291
Aug 5, 202634,371,046
Aug 6, 202631,456,993
Aug 7, 202632,417,481
Aug 10, 202633,395,816
Aug 11, 202642,117,178
Aug 12, 202648,616,715
Aug 13, 202687,993,118
Aug 14, 202642,034,052
Aug 17, 202640,135,193
Aug 18, 202643,221,868
Aug 19, 202644,038,371
Aug 20, 202644,995,411
Aug 21, 202649,894,691
Aug 24, 202633,260,304
Aug 25, 202632,507,026
Aug 26, 202639,496,907
Aug 27, 202650,348,242
Aug 28, 202689,874,152
Aug 31, 202639,689,620
Sep 1, 202633,560,124
Sep 2, 202640,648,131
Sep 3, 202644,985,212
Sep 4, 202636,266,194
Sep 8, 202650,914,804
Sep 9, 202629,847,352
Sep 10, 202635,839,517
Sep 11, 202628,813,965
Sep 14, 202635,150,162
Sep 15, 202628,677,155
Sep 16, 202633,905,953
Sep 17, 202646,463,262
Sep 18, 202645,496,275
Sep 21, 202641,082,302
Sep 22, 202633,761,756
Sep 23, 202632,390,097
Sep 24, 202630,391,584
Sep 25, 202641,168,104
Sep 28, 202626,574,672
Sep 29, 202633,902,788
Sep 30, 202625,977,757
Oct 1, 202637,004,075
Oct 2, 202641,744,024
Oct 5, 202633,452,874
Oct 6, 202635,892,440
Oct 7, 202652,598,650
Oct 8, 202655,685,946
Oct 9, 202638,526,696
Oct 12, 202649,659,280
Oct 13, 202652,285,758
Oct 14, 202678,366,403
Oct 15, 2026106,885,457
Oct 16, 202668,632,587
Oct 19, 202651,113,490
Oct 20, 202673,361,921
Open
$26.79
High
$27.89
Low
$25.59
Volume
73.36M
P/E
Not on file
Market cap
$10.49B
52-week high
$76.87
52-week low
$25.59
Average volume
45.15M
Yield
Not on file
Beta
3.53
EPS
-$2.22

Operations

Definitions
Hashrate, realized
6th of 11
Fleet efficiency
Not stated

Not stated in the filings, releases or decks we read.

Cost per bitcoin with depreciation
Not stated

No filing, release or deck we read states it as a cost per bitcoin with depreciation. For the year ended Jun 30, 2026, derived here, not a company figure, and before depreciation: Bitcoin mining cost of revenue, exclusive of depreciation and amortization, of $202.8 million over 6,075 Bitcoin mined is about $33,400 per Bitcoin. IREN's 10-K states no cost per Bitcoin.

quarter ended Dec 31, 2025
Bitcoin held
15th of 15
EV per EH/s
Revenue per MW, annualized
5th of 11
Months of liquidity

Data read Sep 6, 2026. The cost per bitcoin is read from the filings and releases themselves, as of Oct 14, 2026. Not stated means no filing, release or deck we read gives one, and over a year old means the newest one on file is too old to show, so its figure and period are given in words. Open a figure for its period, status and source.

Figure labels

Solid means reported by the company. Hatched means computed here from sourced inputs. Not comparable means the company uses a different definition. Not stated means no filing, release or deck we read gives it.

HPC and AI deals

Every company's rows

6 HPC and AI rows on file: 5 signed or operating, 1 announced or under a letter of intent. Contracted or operating critical IT capacity for this company is 200 MW.

Agreements on file: counterparty, status, announced, megawatts, term, disclosed value, document
Document
Undisclosed leading frontier AI labnot disclosedContractedAug 27, 2026not statednot statednot disclosed
8-K EX-99.1 Aug 27, 2026one party
Mackenzie air-cooled expansion (customers not named)Mackenzie, BCAnnounced intentionAug 27, 2026, announced intentionnot statednot disclosed
8-K EX-99.1 Aug 27, 2026one party
Undisclosed leading AI developers (customer base includes Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI)Childress, TX and British Columbia (air-cooled GPU deployments)ContractedJul 20, 2026not statednot stated
8-K EX-99.1 Jul 20, 2026one party
NVIDIAChildress, TX (60MW of existing air-cooled data centers)ContractedMay 7, 2026
8-K EX-99.1 May 8, 2026no 2nd source
Together AI, Fluidstack, Fireworks AI (Prince George GPU cloud)Prince George, BCOperatingNov 6, 2025not statednot disclosed
8-K EX-99.1 Nov 6, 2025no 2nd source
Microsoft CorporationChildress, TX (Horizon 1-4, four 50MW IT liquid-cooled data centers)OperatingNov 3, 2025
8-K EX-99.1 Nov 3, 2025no 2nd source

News

127 company releases on file, newest first. Source of truth: IREN investors: News. This index reads GlobeNewswire and SEC filings because IREN's terms bar automated reading.

Latest

  1. Other
    IREN’s 2GW Sweetwater Hub Included as Base Load in ERCOT Batch Zero
  2. Earnings
    IREN Reports FY26 Results
  3. Earnings
    IREN to Release FY26 Results on August 27, 2026
  4. Other
    IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72
  5. Deal
    IREN Completes Acquisition of Mirantis

Earlier releases

  1. IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, Raises 2026 ARR Target to over $4bnDeal
  2. IREN Appoints Chief Information Security OfficerLeadership
  3. IREN Appoints Chief Product Officer and Chief Development OfficerLeadership
  4. IREN Added to Russell 1000 IndexOther
  5. IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to EuropeDeal
  6. IREN Announces First Australian Data Center Campus - 800MW in South AustraliaOther
  7. IREN Closes $3.65bn Investment-Grade GPU FinancingFinancing
  8. IREN Targets $4.4bn in ARR with Blackwell Deployment at ChildressOther
  9. IREN Acquires Awaken to Support Global Brand GrowthDeal
  10. IREN Closes $3.0 Billion Convertible Notes OfferingFinancing
Show more (112)
  1. IREN Prices Upsized $2.6 Billion Convertible Notes OfferingFinancing
  2. IREN Announces Proposed Convertible Notes OfferingFinancing
  3. IREN Secures $3.4bn AI Cloud Contract with NVIDIADeal
  4. IREN Expands AI Cloud Platform to Europe with Acquisition of Nostrum GroupDeal
  5. IREN Business Update and Q3 FY26 ResultsEarnings
  6. IREN Expands AI Cloud Capacity to 150,000 GPUsOther
  7. IREN Reports Q2 FY26 ResultsEarnings
  8. IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible NotesFinancing
  9. IREN Prices $2 Billion Convertible Notes OfferingFinancing
  10. IREN Announces Pricing of Ordinary Shares Offering to Fund the Repurchase of Convertible NotesFinancing
  11. IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible NotesFinancing
  12. IREN Announces Proposed Convertible Notes OfferingFinancing
  13. IREN Reports Q1 FY26 ResultsEarnings
  14. IREN Secures $9.7bn AI Cloud Contract with MicrosoftDeal
  15. IREN Closes $1.0 Billion Convertible Notes OfferingFinancing
  16. IREN Prices $875 Million Convertible Notes OfferingFinancing
  17. IREN Announces Proposed Convertible Notes OfferingFinancing
  18. IREN Appoints Anthony Lewis as Chief Financial OfficerLeadership
  19. IREN Expands AI Cloud with 2.4k NVIDIA Blackwell GPUsOther
  20. IREN Appoints Anthony Lewis as Chief Capital Officer to Lead Capital Markets StrategyLeadership
  21. IREN Achieves Mid-Year Target of 50 EH/sOther
  22. IREN closes upsized $550 million convertible notes offeringFinancing
  23. IREN prices upsized $500 million convertible notes offeringFinancing
  24. IREN announces proposed convertible notes offeringFinancing
  25. IREN Limited, May 2025 Monthly UpdateProduction
  26. IREN Reports Q3 FY25 ResultsEarnings
  27. IREN Limited, April 2025 Monthly UpdateProduction
  28. IREN capacity increased to 40 EH/sOther
  29. IREN Limited, March 2025 Monthly UpdateProduction
  30. Bitcoin Mining Expansion Paused at 52 EH/sOther
  31. IREN Secures 2.75GW for Data Centers in West Texas with New 600MW Grid Connection AgreementDeal
  32. IREN Limited, February 2025 Monthly UpdateProduction
  33. IREN Reports Q2 FY25 ResultsEarnings
  34. IREN Limited, January 2025 Monthly UpdateProduction
  35. 57 EH/s, direct-to-chip liquid cooling, 1.4GW Sweetwater project & multi-gigawatt pipelineOther
  36. IREN Limited, December 2024 Monthly Investor UpdateProduction
  37. IREN Achieves 31 EH/s Year-End TargetEarnings
  38. IREN closes $440 million convertible notes offeringFinancing
  39. IREN Limited, November 2024 Monthly Investor UpdateProduction
  40. IREN prices upsized $400 million convertible notes offeringFinancing
  41. IREN announces proposed convertible notes offeringFinancing
  42. IREN capacity increased by 33% to 28 EH/sOther
  43. IREN Reports Q1 FY25 ResultsEarnings
  44. Iris Energy Limited (dba IREN), October 2024 Monthly Investor UpdateProduction
  45. AI Cloud Services continuing to scaleOther
  46. Iris Energy Limited (dba IREN), September 2024 Monthly Investor UpdateProduction
  47. IREN achieves 20 EH/s milestoneOther
  48. IREN to increase AI Cloud Services to 10% of earningsEarnings
  49. Iris Energy Limited (dba IREN), August 2024 Monthly Investor UpdateProduction
  50. IREN Reports Full Year FY24 ResultsEarnings
  51. Iris Energy Limited (dba IREN), July 2024 Monthly Investor UpdateProduction
  52. IREN increases Childress power capacity from 600MW to 750MWOther
  53. IREN appoints Morgan Stanley as Financial AdvisorLeadership
  54. Iris Energy Limited (dba IREN), June 2024 Monthly Investor UpdateProduction
  55. Business UpdateOther
  56. Iris Energy Limited (dba IREN), May 2024 Monthly Investor UpdateProduction
  57. IREN’s expansion plans increased to 30 EH/s in 2024Other
  58. IREN Reports Third Quarter FY24 ResultsEarnings
  59. Iris Energy Limited (dba IREN), April 2024 Monthly Investor UpdateProduction
  60. Operating hashrate increased to 9 EH/sProduction
  61. Poolside upsizes and extends AI Cloud Services contractDeal
  62. Iris Energy Limited (dba IREN), March 2024 Monthly Investor UpdateProduction
  63. 20 EH/s expansion fully fundedOther
  64. Iris Energy Limited (dba IREN), February 2024 Monthly Investor UpdateProduction
  65. IREN provides 20 EH/s expansion updateOther
  66. Iris Energy Reports Second Quarter and Half Year FY24 ResultsEarnings
  67. Iris Energy Triples AI Cloud Services Business to 816 NVIDIA H100 GPUsOther
  68. NVIDIA H100 GPU cloud contract signed with AI company, poolsideDeal
  69. Operating capacity increased to 6.2 EH/sOther
  70. Iris Energy provides 10 EH/s expansion updateOther
  71. Iris Energy Secures Pathway to 20 EH/s in 2024 Via Miner Purchase OptionOther
  72. 10 EH/s expansion fully fundedOther
  73. 10 EH/s Equity Raising Program CompleteOther
  74. Iris Energy Increases Mining Capacity to 10 EH/sOther
  75. Iris Energy increases mining capacity to 8.3 EH/sOther
  76. Partnership with WEKA to optimize generative AI workloadsDeal
  77. Iris Energy Partners with WEKA to Optimize Generative AI WorkloadsDeal
  78. Iris Energy increases mining capacity by 25%, expanding fleet to 7.0 EH/s.Other
  79. Iris Energy Reports Full Year FY23 ResultsEarnings
  80. Iris Energy Purchases NVIDIA H100 GPUs to Target Generative AIOther
  81. Limited recourse equipment financing updateFinancing
  82. Iris Energy Announces Appointment of Sunita Parasuraman to Board of DirectorsLeadership
  83. Iris Energy Announces 9.1 EH/s Expansion Plan and Revitalization of HPC StrategyOther
  84. I ris Energy Announces Appointment of New Accounting FirmLeadership
  85. Increase in self-mining capacity to 5.5 EH/s completeOther
  86. 5.2 EH/s operating, remaining 0.3 EH/s pending installationOther
  87. 4.6 EH/s operating, additional 0.9 EH/s pending installationOther
  88. Iris Energy provides 5.5 EH/s installation updateOther
  89. Iris Energy provides 5.5 EH/s installation updateOther
  90. Iris Energy provides 5.5 EH/s installation updateOther
  91. Iris Energy commences 5.5 EH/s installationOther
  92. Increasing self-mining capacity from 2.0 EH/s to 5.5 EH/sOther
  93. Iris Energy Reports Second Quarter FY23 ResultsEarnings
  94. Iris Energy Increases Self-Mining Capacity From 2.0 EH/s to 5.5 EH/sOther
  95. Iris Energy Announces Executive UpdateOther
  96. Strategic update – “Everything changes, everything remains the same”Other
  97. Financing and Bitmain Prepayment UpdateFinancing
  98. Iris Energy Increases Operating Capacity to >3.7 EH/sOther
  99. Iris Energy Reports Record Full Year FY22 ResultsEarnings
  100. Iris Energy Doubles Operating Capacity to >2.3 EH/sOther
  101. Iris Energy Increases 2022 Miner Deliveries From 4.3 EH/s to 6.0 EH/sOther
  102. Operating Guidance Increased from 3.7 EH/s to 4.3 EH/s in 2022Other
  103. Record average operating hashrate of 1,165 PH/s (+12% increase)Production
  104. Iris Energy Announces CFO AppointmentLeadership
  105. Iris Energy Reports Third Quarter FY22 ResultsEarnings
  106. Second operating site commissioned ahead of schedule at Mackenzie, BCOther
  107. US$71 million equipment financing facility closed with NYDIGFinancing
  108. Iris Energy Limited Announces Closing of US$71 Million Equipment Financing Facility with NYDIGFinancing
  109. Iris Energy Reports Second Quarter Record ResultsEarnings
  110. Iris Energy to Release Second Quarter Results and Host Conference Call on February 9, 2022Earnings
  111. IRIS ENERGY EXECUTES TRANSFORMATIONAL 600MW CONNECTION AGREEMENT WITH AEP TEXAS, INCREASING POWER CAPACITY TO 765MW ( ~ 22 EH/S 1 ).Deal
  112. Iris Energy successfully completes $232 million Nasdaq IPOOther

Sentiment

A 0 to 100 index of how the market and press talk about this company, as of Oct 1, 2026. It describes tone and is not advice.

47Neutral
  • Positive headlines: 1
  • Neutral headlines: 4
  • Negative headlines: 0
Price moves
41 (+11.0% over 20 days)
News tone
53 (5 headlines)
Reddit tone
Source not connected yet
Forum tone
No source yet

Against the sector

IREN Ltd against the median of the covered miners that state each figure. The dashed ring is that median; a figure at the outer edge is twice it or more. A hollow point on dashed lines is a company target, not a reported figure.

HashratePower onlinePower under contractPower in development
IREN Ltd against the sector median
FigureIREN LtdSector median
Hashrate50.0 EH/s15.7 EH/s (15 miners)
Power online810 MW76 MW (8 miners)
Power under contractNot stated700 MW (5 miners)
Power in development
5,000 MW guidance
654 MW (9 miners)

Hashrate, Power online and Power under contract: the sector medians are made of readings only, each as of its own date, and those dates run from Oct 14, 2025 to August 2026.

Power in development: the sector median mixes four company targets with five readings, each as of its own date, and those dates run from May 31, 2026 to Sep 10, 2026.

IREN Ltd does not state Power under contract in a form we read, so that spoke is left empty rather than drawn as zero.

Bitcoin mined is left off the chart: IREN Ltd states it for 12 months ending Jun 30, 2026, and fewer than five miners state it for a period of that length ending the same day, so a median would set unlike periods side by side.

Financial statements

Definitions

Seven filing figures from XBRL. Open a figure for its period, concept, filing history and source.

Revenue
Net income (loss)
Cash and cash equivalents
Digital assets at fair value
Digital asset units held
Shares outstanding
Total assets

Revenue was $707M for the year ended Jun 30, 2026.321 filings are on EDGAR. The latest is ARS from Oct 13, 2026.

Shares outstanding

Each dated count the company filed. As of Oct 14, 2026.

Method and sources

IREN Ltd's share count rose from 283.5M at Oct 31, 2025 to 357.4M at Apr 30, 2026.

Covers
3 dated counts as filed, Oct 31, 2025 to Apr 30, 2026
Unit
shares

Source: Form 10-Q May 8, 2026

Shares outstanding
PeriodShares outstanding (shares)
Oct 31, 2025283.5M
Jan 30, 2026332.3M
Apr 30, 2026357.4M
Why some counts are left out

Each point is an XBRL share count from the linked filing. A filing can tag a count without printing it in the document.

Dilution, one year (share count change)
No count 300 to 430 days back

No share count dated within 300 to 430 days of the latest one.

A rising share count is dilution: each existing share owns a smaller slice of the company. A falling count is the reverse.

At-the-market programs

5 at-the-market documents on file, the largest program $6B, the most recent filed Mar 4, 2026.

An at-the-market program is a standing authority to sell shares into the market, one way the share count above can rise; it never explains a fall. The size is the authority, not what has been sold: 1 of 5 state how much is left, and this page never estimates the difference. Whether shares were actually sold shows in the share count above, which is where to look. Tap or hover a size for the text it was read from.

At-the-market programs on file: filed, form, program size, stated remaining, sales agents, document
Mar 4, 2026Form 424B5not statednot namedAt Market Issuance Sales Agreement, Jan 21, 2025
Dec 4, 2025Form 424B5not statednot statednot namedSales Agreement
Dec 1, 2025Form 424B5not statednot statednot namedSales Agreement
Jan 21, 2025F-3ASRnot statednot statednot namedsales agreement
May 15, 2024F-3not stated$136.6Mnot namedsales agreement

Cover-page language classifies the filing, not the form; every fact carries the sentence it came from; remaining capacity is null unless the document states it. Excluded: 424B3 (resale or selling-shareholder supplement), 424B7 (selling-securityholder supplement).

Quarterly revenue

Each quarter as filed. Hatched ones are worked out from the fiscal year. As of Oct 14, 2026.

Method and sources

Revenue was $137.2M (derived) in the quarter to Jun 30, 2026, down from $187.3M (derived) in the same quarter a year before, to Jun 30, 2025.

15 shared quarter-ends, Dec 31, 2021 to Jun 30, 2026. 2 have no value and stay empty, not zero.

Covers
11 quarters as tagged and 2 quarters derived from the fiscal year less its three reported quarters (hatched), Dec 31, 2021 to Jun 30, 2026
Unit
USD

Source: 10-K Aug 27, 2026

Quarterly revenue
PeriodRevenue (USD)
Dec 31, 2021$20.1M
Dec 31, 2022$13.8M
Mar 31, 2023$16.4M
Sep 30, 2023
Dec 31, 2023$42.6M
Mar 31, 2024$54.3M
Jun 30, 2024
Sep 30, 2024$52.8M
Dec 31, 2024$116.1M
Mar 31, 2025$144.8M
Jun 30, 2025$187.3M (derived)
Sep 30, 2025$240.3M
Dec 31, 2025$184.7M
Mar 31, 2026$144.8M
Jun 30, 2026$137.2M (derived)

Quarterly net income

Each quarter as filed. Hatched ones are worked out from the fiscal year. As of Oct 14, 2026.

Method and sources

11 of the 15 quarters were a loss.

Covers
12 quarters as tagged and 3 quarters derived from the fiscal year (hatched), Dec 31, 2021 to Jun 30, 2026
Unit
USD

Source: DEF 14A Oct 13, 2026

Quarterly net income
PeriodNet income (USD)
Dec 31, 2021$70.3M
Dec 31, 2022-$144M
Mar 31, 2023-$3.1M
Sep 30, 2023-$5.3M
Dec 31, 2023-$5.2M
Mar 31, 2024$8.6M
Jun 30, 2024-$27.1M (derived)
Sep 30, 2024-$51.7M
Dec 31, 2024-$21.9M
Mar 31, 2025-$16.1M
Jun 30, 2025$176.7M (derived)
Sep 30, 2025$384.6M
Dec 31, 2025-$155.4M
Mar 31, 2026-$247.8M
Jun 30, 2026-$684.4M (derived)

Cash and equivalents

Each balance, as filed. As of Oct 14, 2026.

Method and sources

Cash and equivalents were $5.9B at Jun 30, 2026, up from $564.5M a year before, at Jun 30, 2025.

Covers
16 balances as tagged, Jun 30, 2022 to Jun 30, 2026
Unit
USD

Source: 10-K Aug 27, 2026

Cash and equivalents
PeriodCash (USD)
Jun 30, 2022$110M
Dec 31, 2022$40.7M
Mar 31, 2023$33.2M
Jun 30, 2023$68.9M
Sep 30, 2023$64.2M
Dec 31, 2023$90.3M
Mar 31, 2024$259.7M
Jun 30, 2024$404.6M
Sep 30, 2024$98.6M
Dec 31, 2024$427.3M
Mar 31, 2025$184.3M
Jun 30, 2025$564.5M
Sep 30, 2025$1.03B
Dec 31, 2025$3.26B
Mar 31, 2026$2.21B
Jun 30, 2026$5.9B

Digital assets at fair value

Each balance, as filed. As of Oct 14, 2026.

Method and sources

Digital assets at fair value were $0 at Jun 30, 2026, unchanged from $0 a year before, at Jun 30, 2025.

Covers
4 balances as tagged, Jun 30, 2023 to Jun 30, 2026
Unit
USD

Source: 10-K Aug 27, 2026

Digital assets at fair value
PeriodDigital assets (USD)
Jun 30, 2023$0
Jun 30, 2024$0
Jun 30, 2025$0
Jun 30, 2026$0

Monthly production

No monthly release for this company was found in the 12 months from August 2025 to July 2026, on any of the 6 feeds checked on Sep 6, 2026.

No monthly release found. August 2025 sits before every index this run could read, so it was closed directly: the one 8-K in its publication window, filed Aug 28, 2025, is the FY25 results release filed beside the Form 10-K and carries no monthly production language. iren.com serves no news release pages in its sitemap and its investor news page is a Next.js payload of 15 recent items, none monthly; the EDGAR pass found no monthly exhibit. An earlier check had already shown that the one IREN document the first exhibit sweep tagged monthly is an 8-K appointing a chief financial officer.

6 feeds, listings and sitemaps were requested for this company, 2 answered: https://iren.com/investors (http 308); https://iren.com/investors/news; https://iren.com/news (http 308); https://iren.com/sitemap.xml; https://iren.com/sitemap_index.xml (http 404); https://iren.com/wp-sitemap.xml (http 404).

The EDGAR pass fetched 24 EX-99 documents for the window and read 3 of them; 0 are monthly.

How far back each index this site read reaches:

  • The EDGAR pass's EX-99 exhibits: Sep 8, 2025
  • iren.com investor news payload: 15 recent items, undated in the payload
  • iren.com sitemap: carries no news release pages

August 2025 sat before every index this site could read, so it was closed directly against EDGAR. The Aug 28, 2025 exhibit is the FY25 results release filed beside the Form 10-K, drawn almost entirely as images, and carries no monthly production language; no monthly release for August 2025 reached EDGAR.

Hosts that answered with a block rather than a page, and were routed around rather than worked past:

  • https://iren.com/investors: http 308
  • https://iren.com/investors/announcements: http 404
  • https://iren.com/media: http 404
  • https://iren.com/news: http 308
  • https://iren.com/sitemap_index.xml: http 404
  • https://iren.com/wp-sitemap.xml: http 404

24 EX-99 exhibits and investor-relations releases from this window were read. 3 of them carry a classification in the file: 3 other. The other 21 were read and left unclassified, so this count says what was labelled, not what was looked at. Hashrate, bitcoin mined, bitcoin held, energized megawatts and fleet efficiency appear in the quarterly filings instead, where this site takes them from XBRL. A cost per bitcoin is read from the filing or release that states it, on the company's own definition, and not from XBRL.

Insider sales and pay

IREN insiders sold $0 and bought $0 of stock in the open market from Oct 14, 2025 to Oct 14, 2026.

From the Form 4s each insider filed; $0 of the sales were under a 10b5-1 plan. The company total counts each transaction once. As of Oct 14, 2026.

Every person, their pay by year and every sale with its date

Net open-market sales per person, twelve months

No insider bought or sold in the open market in the twelve months.

Total pay per named executive officer, latest year in the DEF 14A filed Oct 6, 2025

Total pay per named executive officer, latest year in the proxy
William RobertsCo-Chief Executive Officer$72.6M2025
Daniel RobertsCo-Chief Executive Officer$72.6M2025
Belinda NuciforaFormer Chief Financial Officer$2.3M2025

William Roberts's 2025 total pay is 0.41% of the market capitalization of $17.61B on Sep 4, 2026.

William Roberts's 2025 total pay is at the 95th percentile of the latest pay of 61 named officers at 15 miners (n=61), more than 57 of the other 60; among the chief executives, the 89th (n=19). It is 14.33 times their median of $5.1M.

Guidance

8 guidance statements on the ledger, 7 with an outcome document: 4 settled, 3 still open.

1 statement has no outcome document yet. 5 of the 8 are specific enough to score. One statement is a reported result: already in hand when stated, so it is shown but never scored. The others are tracked and shown but carry no number to check. 2 of the selected rows for this company are specific, which is what the accuracy score would rest on. Every company's statements.

Aug 27, 2026directionalstill openfilings and press releasesother
We continue to operate Bitcoin miners at certain of our data centers while we transition this data center capacity toward AI Cloud Services. We aim to substantially complete this transition by December 31, 2026.
Projected
Bitcoin mining substantially wound down by Dec 31, 2026, by Dec 31, 2026
Actual
pending; installed hashrate already down from 50 EH/s (June 2025) to 23.2 EH/s (June 2026) as of Jun 30, 2026
Variance
not resolved

The outcome document says: As of June 30, 2026, our installed Bitcoin mining capacity was approximately 23.2 EH/s, representing approximately 380MW of data center capacity.

Said in 10-K FY2026 filed Aug 27, 2026, grade verified. Outcome from 10-K FY2026 filed Aug 27, 2026, grade verified.

May 7, 2026specificstill openfilings and press releasesHPC MW
2026 expansion to 480MW on track ... Horizon 1-4 on track for delivery by year-end ... 2027 expansion to 1,210MW in build
Projected
480MW gross AI Cloud capacity by end-2026; 1,210MW in 2027, by Dec 31, 2026
Actual
Horizon 1 delivered Aug 2026; Horizon 2 commissioning, Horizon 3-4 'targeting delivery in Q4 2026' (FY26 release); 2026 cumulative delivery target restated as ~0.3GW (IT) and 2027 as ~0.8GW (IT); 8-K Aug 13, 2026 still 'target[s] ... 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) ... in 2027'. Pending. as of Aug 27, 2026
Variance
not resolved

The outcome document says: Horizon 1 delivered to Microsoft ... Horizon 2 commissioning underway and Horizon 3-4 in late-stage construction, targeting delivery in Q4 2026

Said in 8-K EX-99.1 May 8, 2026 (Q3 FY26 results release dated May 7, 2026), grade verified. Outcome from 8-K EX-99.1 Aug 27, 2026 (FY26 results release), grade verified.

Nov 6, 2025specificsettledfilings and press releasesrevenue
New multi-year contracts including Together AI, Fluidstack and Fireworks AI, supporting growth to target AI Cloud ARR of >$500m by end of Q1
Projected
>$500m ARR (Prince George GPU deployments) by end of Q1 2026, by Mar 31, 2026
Actual
~$0.4bn ARR under contract at Prince George as of Feb 5, 2026; '$0.5bn ARR under contract from GPU deployments at Prince George' as of May 7, 2026 (contracted, not yet all revenue-generating) as of May 7, 2026
Variance
not computed

The outcome document says: ARR under contract of $3.1bn represents expected $1.9bn average annual revenue under Microsoft contract, expected $0.7bn average annual revenue under NVIDIA contract, plus $0.5bn ARR under contract from GPU deployments at Prince George.

Said in 8-K EX-99.1 Nov 6, 2025 (Q1 FY26 results release), grade verified. Outcome from 8-K EX-99.1 May 8, 2026 (Q3 FY26 results release dated May 7, 2026), grade verified.

Nov 6, 2025specificstill openfilings and press releasesrevenue
Targeting $3.4bn in AI Cloud annualized run-rate revenue (ARR) by the end of 2026 (expansion to 140k GPUs)
Projected
$3.4bn ARR by end of CY2026, by Dec 31, 2026
Actual
Target raised to $3.7bn (Mar 4, 2026, 150k GPUs), then to 'more than $4bn' (Jul 20, 2026). As of Aug 26, 2026: $1bn operating ARR and '$4bn contracted ARR for 2026 capacity'. Unresolved until year-end. as of Aug 27, 2026
Variance
not resolved

The outcome document says: Current: $4bn contracted ARR for 2026 capacity

Said in 8-K EX-99.1 Nov 6, 2025 (Q1 FY26 results release), grade verified. Outcome from 8-K EX-99.1 Aug 27, 2026 (FY26 results release), grade verified.

Nov 6, 2025directionalno outcome documentfilings and press releasesMW
Sweetwater 2 (600MW) substation energization targeting late 2027
Projected
Sweetwater 2 energized late 2027, by Dec 31, 2027
Actual
no outcome document yet
Variance
not resolved

Said in 8-K EX-99.1 Nov 6, 2025 (Q1 FY26 results release), grade verified. No outcome document has been read for this statement yet.

Jul 7, 2025specificsettledfilings and press releasesHPC MW
Horizon 1 (up to 50MW IT load) on track for Q4 2025 delivery, with foundations underway and long lead equipment continuing to arrive in line with initial expectations
Projected
Horizon 1, 50MW IT, delivered Q4 2025, by Dec 31, 2025
Actual
Horizon 1 delivered to and accepted by Microsoft in August 2026 (about 8 months after the original target; the Nov 2025 Microsoft contract re-based delivery to 2026, and the 10-K cites NVIDIA component shortages) as of Aug 13, 2026
Variance
not computed

The outcome document says: Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at IREN’s Childress, Texas campus in 2026 under a five-year, $9.7bn cloud services contract announced in November 2025.

Said in 8-K EX-99.1 Jul 7, 2025 (June 2025 Monthly Update), grade verified. Outcome from 8-K EX-99.1 Aug 13, 2026 (Horizon 1 delivered to Microsoft), grade verified.

Jul 7, 2025reported resultsettledfilings and press releaseshashrate
50 EH/s installed - reached target self-mining capacity by month end, with further expansion paused to prioritize continued build-out of AI verticals

Reported result, not a promise. The target had already been reached (Jun 30, 2025) when this was stated (Jul 7, 2025). It reports a result, so it is shown but never scored.

Projected
50 EH/s installed by mid-2025 (target set in 2024), by Jun 30, 2025
Actual
50 EH/s installed June 2025 (met); subsequently reduced to 23.2 EH/s installed at Jun 30, 2026 as miners were decommissioned for AI Cloud as of Jun 30, 2026
Variance
0.0%, on the projectionfrom 50 EH/s projected against 50 EH/s reported

The outcome document says: As of June 30, 2026, our installed Bitcoin mining capacity was approximately 23.2 EH/s, representing approximately 380MW of data center capacity.

Said in 8-K EX-99.1 Jul 7, 2025 (June 2025 Monthly Update), grade verified. Outcome from 10-K FY2026 filed Aug 27, 2026, grade verified.

Jul 7, 2025specificsettledfilings and press releasesMW
Sweetwater 1 (1.4GW) ... Targeting energization April 2026
Projected
Sweetwater 1 substation energized April 2026, by Apr 30, 2026
Actual
'We energized the Sweetwater 1 substation on schedule' (Q3 FY26 release, May 7, 2026) as of May 7, 2026
Variance
not computed

The outcome document says: We energized the Sweetwater 1 substation on schedule, advanced the Horizon 1-4 liquid-cooled data centers at Childress in support of our $9.7bn contract with Microsoft, and continued transitioning existing data centers from ASICs to GPUs for higher- value AI Cloud workloads.

Said in 8-K EX-99.1 Jul 7, 2025 (June 2025 Monthly Update), grade verified. Outcome from 8-K EX-99.1 May 8, 2026 (Q3 FY26 results release dated May 7, 2026), grade verified.

Statements corpus

Rule

21 documents of IREN in the window Oct 13, 2025 to Oct 14, 2026, 21 read, across filings and press releases (19 read), investor presentations (1 read), earnings calls (1 read); 81 candidate statements, 81 formal and 0 informal.

filings and press releases
19 read, 65 candidates
investor presentations
1 read, 1 candidate
earnings calls
1 read, 15 candidates
X posts
not captured yetnot captured: reading X needs its paid API, a purchase still to be decided
interviews
not captured yetnot captured: transcription is not built yet; eight interviews were listed on Sep 6, 2026, none transcribed

The newest 8 candidates

  1. $4bn of ARR targeted to be operational by December 31, 2026 is based on internal company assumptions regarding utilization and pricing, with revenue expected to ramp upon, and being subject to, commissioning, testing and customer acceptance in the months following each data center’s delivery.

    Aug 27, 2026, earnings release; mentions revenue; dated December 31, 2026. The document

  2. IREN continues to target a broader expansion to 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) AI Cloud capacity in 2027.

    Aug 13, 2026, press release; mentions power; dated 2026. The document

  3. Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at

    Aug 13, 2026, press release; mentions power. The document

  4. The $4bn+ ARR target reflects 480MW (gross) of AI Cloud capacity planned by year-end 2026 based on internal company assumptions regarding GPU models, contracting, utilization and pricing, with revenue expected to ramp upon, and being subject to commissioning, testing and customer acceptance of

    Jul 20, 2026, earnings release; mentions revenue, power; dated year-end 2026. The document

  5. In the past 12 months we have expanded from approximately 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with 1.2GW targeted for 2027, broadening our customer base across hyperscalers, enterprises and AI developers.”

    Jul 20, 2026, earnings release; mentions power; dated 2027. The document

  6. Demand from hyperscalers, enterprises, AI developers and frontier labs continues to exceed IREN's available and planned capacity, and IREN is engaged with customers across its entire 2026 and 2027 expansion program.

    Jul 20, 2026, earnings release; dated 2026. The document

  7. Cloud annualized run-rate revenue (“ARR”)1 target from $3.7bn to more than $4bn2, of which approximately 85% is now under contract following new multi-year cloud services contracts with leading AI developers representing $2.8bn in total contract value.

    Jul 20, 2026, earnings release; mentions revenue. The document

  8. ARR of $4.4bn represents expected $1.9bn average annual revenue under the Microsoft contract plus expected $0.7bn average annual revenue under the $3.4bn AI cloud contract plus estimated $1.8bn ARR from planned GPU deployments at British Columbia and Childress sites, based on internal company assumptions regarding GPU models, utilization and pricing.

    May 26, 2026, press release; mentions revenue. The document

Every document of IREN in the corpus: date, channel, kind, document, candidate statements
Aug 27, 2026filings and press releasesearnings releaseIREN Reports FY26 Results New Multi-Year Contract with Leading Frontier AI Lab $4bn Contracted ARR for 2026 Capacity; $1bn Operating ARR Today1,2 $2.8bn GPU Fin1
Aug 13, 2026filings and press releasespress releaseIREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL722
Aug 4, 2026filings and press releasespress releaseIREN Completes Acquisition of Mirantis0
Jul 20, 2026filings and press releasesearnings releaseIREN Signs $2.8bn in New Customer Contracts with Leading AI Developers,4
May 26, 2026filings and press releasespress releaseIREN Targets $4.4bn in ARR with Blackwell Deployment at Childress NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) – IREN Limited (NASDAQ: IREN) (“IREN”) today announced4
May 14, 2026filings and press releasespress releaseIREN Closes $3.0 Billion Convertible Notes Offering1
May 12, 2026filings and press releasespress releaseIREN Prices Upsized $2.6 Billion Convertible Notes Offering8
May 11, 2026earnings callscall transcriptIREN Q3 FY26 Results Transcript IREN Q3 FY26 Results Transcript Presenters: • Daniel Roberts, Co-Founder & Co-CEO • Anthony Lewis, Chief Financial Officer • Ken15
May 11, 2026filings and press releasespress releaseIREN Announces Proposed Convertible Notes Offering4
May 8, 2026filings and press releasesearnings releaseIREN Business Update and Q3 FY26 Results $3.4bn AI Cloud Contract & 5GW Strategic Partnership with NVIDIA 2026 Expansion to $3.7bn ARR On Track1 2027 Expansion 5
Mar 4, 2026filings and press releasespress releaseNews Release3
Feb 5, 2026filings and press releasesearnings releasePROCEED WITH PURPOSE. 1 IREN Reports Q2 FY26 Results $3.6bn GPU Financing Secured for Microsoft Contract1 Targeted 140k GPU Expansion on Track to Deliver $3.4bn3
Dec 8, 2025filings and press releasespress releaseIREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible Notes1
Dec 3, 2025filings and press releasespress releaseIREN Announces Pricing of Ordinary Shares Offering to Fund the Repurchase of Convertible Notes5
Dec 3, 2025filings and press releasespress releaseIREN Prices $2 Billion Convertible Notes Offering9
Dec 1, 2025filings and press releasespress releaseIREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible3
Dec 1, 2025filings and press releasespress releaseIREN Announces Proposed Convertible Notes Offering6
Nov 6, 2025filings and press releasesearnings releasePROCEED WITH PURPOSE. 1 IREN Reports Q1 FY26 Results Secured $9.7bn AI Cloud Contract with Microsoft Targeting $3.4bn AI Cloud ARR by End of 2026, Expansion to 4
Nov 3, 2025investor presentationsdeck$9.7bn AI Cloud Contract with Microsoft NASDAQ: IREN November 3, 20251
Nov 3, 2025filings and press releasespress releaseIREN Secures $9.7bn AI Cloud Contract with Microsoft1
Oct 14, 2025filings and press releasespress releaseIREN Closes $1.0 Billion Convertible Notes Offering1

A candidate statement is one sentence of 40 to 700 characters that contains a forward-looking word (expect, target, plan, on track, will reach, by year-end and the like) and either a quantity with a unit (EH/s, MW, J/TH, BTC, dollars, percent) or a dated target (a quarter, a half, a month or a year). Safe-harbor boilerplate is dropped by its own words. The rule is mechanical: it does not read what a sentence projects, which the research pass behind the guidance ledger does; a document contributes at most 60 candidates, in document order. Every company's corpus.

Other metrics

Definitions

Filed and calculated figures for matching periods. Open a calculation for its arithmetic and sources. Cash flow covers the stated period, not trailing 12 months.

Filed and calculated metrics with their periods and sources
Latest value
-$1.05Bperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
-2.22period ended Jun 30, 2026Form 10-K Aug 27, 2026
$11.6Bas of Jun 30, 2026Form 10-K Aug 27, 2026
$4.19Bas of Jun 30, 2026Form 10-K Aug 27, 2026
$7.42Bas of Jun 30, 2026Form 10-K Aug 27, 2026
$2.12Bas of Sep 30, 2025Form 10-Q Nov 6, 2025
$219.7Mperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
$417.7Mperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
$449.1Mperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
$2.1Bperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
$3Bperiod ended Jun 30, 2026Form 10-K Aug 27, 2026
$11.9Bas of Dec 31, 2025Form 10-K Aug 27, 2026
-$6.1MFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026
-$4.72BFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026
$9.68BFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026
Cash flow after property and equipment purchases
Calculation and inputs

Cash from operations 2,100,418,000 USD minus purchases of property and equipment 2,998,006,000 USD = -897,588,000 USD; same filing and period Jul 1, 2025 to Jun 30, 2026.

Cash from operations: $2.1Bus-gaap:NetCashProvidedByUsedInOperatingActivities

Purchases of property and equipment: $3Bus-gaap:PaymentsToAcquirePropertyPlantAndEquipment

-$897.6MderivedFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026
Operating margin
Calculation and inputs

Operating income (loss) -1,046,714,000 USD / revenue 707,007,000 USD x 100 = -148.05%; same filing and period Jul 1, 2025 to Jun 30, 2026.

Operating income (loss): -$1.05Bus-gaap:OperatingIncomeLoss

Revenue: $707Mus-gaap:Revenues

-148.0%derivedFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026
Net margin
Calculation and inputs

Net income (loss) -702,621,000 USD / revenue 707,007,000 USD x 100 = -99.38%; same filing and period Jul 1, 2025 to Jun 30, 2026.

Net income (loss): -$702.6Mus-gaap:NetIncomeLoss

Revenue: $707Mus-gaap:Revenues

-99.4%derivedFiscal year: Jul 1, 2025 to Jun 30, 2026Form 10-K Aug 27, 2026

Filings

All IREN filings

The last 21 of 321 filings on EDGAR, grouped into 15 events.

The last 21 of 321 filings on EDGAR: filed, form, document, period
Oct 13, 2026ARSARS, Oct 13, 2026Jun 30, 2026
Oct 13, 2026DEFA14ADEFA14A, Oct 13, 2026none stated
Oct 13, 2026DEF 14ADEF 14A, Oct 13, 2026Nov 24, 2026
Sep 30, 2026Schedule 13GSchedule 13G, Sep 30, 2026none stated
Aug 27, 2026Form 10-KForm 10-K, Aug 27, 2026Jun 30, 2026
Aug 27, 2026Form 8-KForm 8-K, Aug 27, 2026Items 2.02, 9.01Aug 27, 2026
Aug 18, 2026Form DForm D, Aug 18, 2026Items 06bnone stated
Aug 13, 2026Form 8-KForm 8-K, Aug 13, 2026Items 7.01, 9.01Aug 13, 2026
Aug 12, 2026Schedule 13GSchedule 13G, Aug 12, 2026none stated
Aug 4, 2026Form 424B7Form 424B7, Aug 4, 2026none stated
Aug 4, 2026Form 8-KForm 8-K, Aug 4, 2026Items 7.01, 8.01, 9.01Aug 4, 2026
Aug 3, 2026Schedule 13GSchedule 13G, Aug 3, 2026none stated
Jul 20, 2026Form 8-KForm 8-K, Jul 20, 2026Items 2.02, 9.01Jul 20, 2026
Jul 9, 2026DEFA14ADEFA14A, Jul 9, 2026none stated
Jul 1, 2026Form 4x7Form 4, Jul 1, 20267 notices filed the same day. The first is linked.Jul 1, 2026

Facilities

Explorer

9 facilities, each linked to its disclosure.

About the locations
Each row says what its coordinates mark: the site itself, a filed address, a power plant, a land parcel, or the centre of the city, county, state or country its filing names.
9 facilities on file: site, location, stage, megawatts energized and nameplate, source
Source
Canal FlatsCanal Flats, BC (at the centre of its state)operating303010-K FY2026 filed Aug 27, 2026
Prince GeorgePrince George, BC (at the centre of its city)operating505010-K FY2026 filed Aug 27, 2026
MackenzieMackenzie, BC (at the centre of its city)operating808010-K FY2026 filed Aug 27, 2026
Childress (incl. Horizon 1-4)Childress, TX (at a filed address)operating65075010-K FY2026 filed Aug 27, 2026
Sweetwater 1Sweetwater, TX (at the centre of its city)energizingnot disclosed1,4008-K EX-99.1 May 8, 2026
Sweetwater 2Sweetwater, TX (at the centre of its city)announcednot disclosed6008-K EX-99.1 Nov 6, 2025
KiowaKiowa, OK (at the centre of its city)announcednot disclosed1,6008-K EX-99.1 Feb 5, 2026
BundeyBundey, South Australia (at the centre of its state)announcednot disclosed80010-K FY2026 filed Aug 27, 2026
Badajoz (Nostrum Group)Badajoz, Extremadura (at the centre of its city)announcednot disclosed30010-K FY2026 filed Aug 27, 2026
Megawatts by site, on one scale (the longest bar is 1,600 MW). Solid is energized, outlined is nameplate. A schematic of filed figures only: it shows no buildings, layout or land area.

ERCOT grid prices

The ERCOT price file was last updated Oct 14, 2026, 7 days ago, so no price is shown.

Sites in the ERCOT grid, by county on file

Childress County (1), county not stated (2). No price is tied to a county or a site: a site's load zone is not assigned here.

A zone price is not what any one site pays. Miners may buy at a resource node, under a fixed-price contract, with a hedge or with curtailment credits.

Zone price, not this site's cost. Source: ERCOT, public settlement point prices, as of Oct 14, 2026. ERCOT does not guarantee the accuracy of any such compilations, charts, or analyses. ERCOT terms of use.

Method and licence

Prices are ERCOT's public 15-minute settlement point prices (report 12301), in dollars per megawatt-hour, in ERCOT local time. Daily figures are means, lows and highs of the quarter-hour prices, for days with every reading.

ERCOT's terms allow raw public data to be redistributed in compilations, charts and analyses. We show daily means, lows and highs and the latest price, not ERCOT's files.

Scroll through history

Dated events from IREN Ltd's own filings and disclosures, each linked to its source, showing at most 14 events and keeping the most recent deals and facility dates (every facility is in the table above). Bitcoin halvings appear from the year its record begins.

IREN logo

  1. Energized: Canal Flats Canal Flats, BC

    Source: Iris Energy 20-F FY2022, filed Sep 13, 2022

  2. Bitcoin's third halving The reward for each block mined was cut in half, for every miner at once.

    Source: Block on mempool.space

  3. Earliest SEC filing on file A DRS form, the first filing under this company's EDGAR record that this site holds.

    Source: DRS on EDGAR

  4. Energized: Mackenzie Mackenzie, BC

    Source: Iris Energy 6-K EX-99.1 May 5, 2022

  5. Energized: Prince George Prince George, BC

    Source: Iris Energy 20-F FY2023, filed Sep 13, 2023

  6. Energized: Childress (incl. Horizon 1-4) Childress, TX

    Source: Iris Energy 20-F FY2023, filed Sep 13, 2023

  7. Bitcoin's fourth halving The reward for each block mined was cut in half, for every miner at once.

    Source: Block on mempool.space

  8. Renamed from Iris Energy Ltd The company now files as IREN Ltd.

    Source: EDGAR company record

  9. Microsoft Corporation: operating Childress, TX (Horizon 1-4, four 50MW IT liquid-cooled data centers)

    Source: 8-K EX-99.1 Nov 3, 2025

  10. Together AI, Fluidstack, Fireworks AI (Prince George GPU cloud): operating Prince George, BC

    Source: 8-K EX-99.1 Nov 6, 2025

  11. NVIDIA: contracted Childress, TX (60MW of existing air-cooled data centers)

    Source: 8-K EX-99.1 May 8, 2026

  12. Undisclosed leading AI developers (customer base includes Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI): contracted Childress, TX and British Columbia (air-cooled GPU deployments)

    Source: 8-K EX-99.1 Jul 20, 2026

  13. Undisclosed leading frontier AI lab: contracted not disclosed

    Source: 8-K EX-99.1 Aug 27, 2026

  14. Mackenzie air-cooled expansion (customers not named): announced intention Mackenzie, BC

    Source: 8-K EX-99.1 Aug 27, 2026