IREN Limited
At today's price, IREN Limited (IREN) is priced for today's economics sustained for ~22.5 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• IREN runs large, low-cost data centers originally built to mine bitcoin and is pivoting them to sell AI cloud computing, a transition from a volatile commodity business to contracted infrastructure revenue. • The pivot is early and the company is losing money: the most recent quarter showed a net loss of roughly $248 million on $144.8 million of revenue, with AI cloud still a small fraction of the total [Source: IREN Q3 FY2026 earnings release]. • Watch the AI ramp against the dilution: AI clo
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487 institutional managers reported holding IREN in 13F filings for the quarter ended 2026-03-31. Together they hold about 49% of the company; the top 10 hold 24%. 155 opened new positions that quarter. Held by D. E. Shaw, Goldman Sachs, UBS, among others. On the short side, 64.4M shares were sold short as of the 2026-06-15 count, about 19% of shares outstanding (1.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at IREN over the trailing three years. Absence is a fact about the company, not a signal. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IREN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-08-29 | +18.4% | +129.4% |
| 2025-11-07 | -18.2% | -26.3% |
| 2026-02-06 | -6.9% | -6.0% |
| 2026-05-09 | +7.7% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IREN's latest 8-K filings: 2026-07-01 (items 5.02); 2026-06-01 (items 1.01, 2.03); 2026-05-26 (items 1.01, 7.01, 9.01); 2026-05-14 (items 1.01, 2.03, 3.02, 8.01, 9.01); 2026-05-12 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.