IREN
IREN Limited- Technology
- Software - Services
- $9.81B market cap
Forecast run · Oct 29, 2026Upside rank 371 of 3,186
Model Signal
ForecastQ Daily Probabilities
48.7%
61.9%
46.3%
Analyst Consensus
Recommendation2.20/5 Buy
Last price$24.91
Price target$81.00
Implied move+225.2%
Analysts15
ForecastQ Portfolios
Company Profile
IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.