IREN — IREN Limited

Financial Services · Capital Markets

About IREN Limited

IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited 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 14 September 2026

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Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.