IREN Limited, formerly Iris Energy Limited, is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200MW of operating data centers.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 563.53% year-on-year.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD 86.94M.%!(EXTRA int=2)
Overvalued
The company’s latest PB is 5.35, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 151.66M shares, decreasing 9.66% quarter-over-quarter.
Held by Invesco
Star Investor Invesco holds 2.27M shares of this stock.