IREN — IREN Limited
Financial Services · Capital Markets
About IREN Limited
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.
The AI data-center infrastructure industry
AI data-center infrastructure firms provide the buildings, power and hosting that AI compute actually runs in — leasing high-density capacity, and often power and cooling, to hyperscalers and AI companies. Several began as crypto-mining operators and pivoted to AI and high-performance-computing hosting. The business turns on access to cheap power, land and capital, and on signing long-term contracts with creditworthy tenants; it is capital-hungry and sensitive to financing costs and to how durable AI demand proves to be. IREN runs renewable-powered data centers and is shifting capacity from bitcoin mining toward AI cloud services.
Key data · delayed ~15 min, as of 15 July 2026
| Ticker | IREN |
| Company | IREN Limited |
| Price | $38.22 |
| Market cap | $13.7B |
| Sector / industry | Financial Services / Capital Markets |
| Analyst mean target | $81 (15 analysts, buy) |
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