Security
IREN Limited Ordinary Shares · IREN
IRENNASDAQCommon stockCurrentCIK 1878848Updated Oct 1, 2026
Name history
Iris Energy Ltd · through Nov 29, 2024Iris Energy Pty Ltd · through Oct 6, 2021
IREN price & chart
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NASDAQ:IREN on TradingView ↗About the company
IREN is a vertically integrated AI Cloud platform, delivering data centers, compute and software for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of land and grid-connected power in renewable-rich regions across North America, Europe and APAC.
In the news
The AI Revolution Is Winning the Software Race but Losing the Infrastructure Battle ↗
Recent filings
SCHEDULE 13G - filed by Citadel Securities GP LLC regarding IREN Ltd
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
D filing
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
424B7 filing
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
DEFA14A filing
4 filing
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 15,790,039,000Source | 2,940,323,000Source | 1,153,033,000Source | 332,074,000Source |
| Property, Plant and Equipment, NetUSD | — | 1,930,567,000Source | — | — |
| GoodwillUSD | 36,577,000Source | — | 0Source | 0Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 317,432,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 5,895,591,000Source | 564,526,000Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 21,062,000Source | 1,564,000Source | — | — |
| Assets, CurrentUSD | 7,886,176,000Source | 641,173,000Source | — | — |
| Prepaid Expense and Other Assets, CurrentUSD | 189,140,000Source | 45,908,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 2,720,000Source | 1,463,000Source | — | — |
| Other Assets, NoncurrentUSD | 58,670,000Source | 486,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,604,426,000Source | 1,122,835,000Source | 55,682,000Source | 26,713,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | -1,647,061,000Source | 88,672,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -1,298,789,000Source | -596,167,000Source | — | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -41,424,000Source | -30,073,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 4,185,613,000Source | 1,817,488,000Source | — | — |
| Liabilities and EquityUSD | 15,790,039,000Source | 2,940,323,000Source | — | — |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,221,100,000Source | 149,347,000Source | — | — |
| Operating Lease, Liability, CurrentUSD | 555,000Source | 404,000Source | — | — |
| Accounts Payable, CurrentUSD | 1,297,478,000Source | 81,747,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 2,231,000Source | 1,063,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 30,832,000Source | 7,971,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 7,894,000Source | 234,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 527,113,000Source | 42,368,000Source | — | — |
| CurrentFinancialAssetsAtFairValueThroughProfitOrLossUSD | — | — | 6,530,000Source | — |
| CurrentTaxLiabilitiesCurrentUSD | — | — | 1,389,000Source | 32,000Source |
| Deferred Revenue, CurrentUSD | 46,491,000Source | — | — | — |
| Deferred Revenue, NoncurrentUSD | 1,796,055,000Source | — | — | — |
| DeferredTaxAssetsUSD | — | — | 0Source | 8,000Source |
| DeferredTaxLiabilitiesUSD | — | — | 3,125,000Source | 1,365,000Source |
| IssuedCapitalUSD | — | — | 1,764,289,000Source | 965,857,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 169,370,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 7,423,574,000Source | — | — | — |
| Short-term InvestmentsUSD | — | 0Source | — | — |
| TradeAndOtherCurrentPayablesUSD | — | — | 32,119,000Source | 16,644,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit or LossUSD | — | — | -28,955,000Source | -171,871,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 417,729,000Source | 181,136,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 205,023,000Source | 42,642,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | -11,735,000Source | 4,895,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,100,418,000Source | 245,886,000Source | — | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -4,722,984,000Source | -1,380,487,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,998,006,000Source | 573,456,000Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,680,050,000Source | 1,294,735,000Source | — | — |
| Repayments of Long-term DebtUSD | 9,213,000Source | 0Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,619,527,000Source | 564,526,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 42,639,000Source | 7,634,000Source | — | — |
| Income Taxes Paid, NetUSD | 2,696,000Source | 0Source | — | — |
| Additional Financial Items | ||||
| AdjustmentsForSharebasedPaymentsUSD | — | — | 23,636,000Source | 14,356,000Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | — | — | -3,040,000Source | 5,055,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 205,023,000Source | 42,642,000Source | — | — |
| Amortization of Debt Issuance CostsUSD | 9,408,000Source | 1,400,000Source | — | — |
| Amortization of Intangible AssetsUSD | 500,000Source | — | — | — |
| DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersUSD | — | — | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -10,273,000Source | -1,339,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -9,919,000Source | -3,821,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | 453,783,000Source | 41,185,000Source | — | — |
| Gain (Loss) on Sale of DerivativesUSD | 0Source | 9,093,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -24,908,000Source | 4,002,000Source | — | — |
| GoodwillUSD | 36,577,000Source | — | 0Source | 0Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | -6,062,000Source | 6,560,000Source | — | — |
| Induced Conversion of Convertible Debt ExpenseUSD | 111,799,000Source | — | — | — |
| InterestExpenseNonoperatingUSD | 59,251,000Source | 11,045,000Source | — | — |
| InterestPaidClassifiedAsOperatingActivitiesUSD | — | — | 213,000Source | 4,102,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesUSD | — | — | 5,008,000Source | 803,000Source |
| Investment Income, InterestUSD | 80,631,000Source | 7,504,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -702,621,000Source | 86,941,000Source | — | — |
| Nonoperating Income (Expense)USD | 338,029,000Source | 76,173,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 72,000Source | 817,000Source | — | — |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | 497,000Source | 318,000Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 0Source | 0Source |
| ProceedsFromIssuingSharesUSD | — | — | 783,069,000Source | — |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesUSD | — | — | 43,000Source | 32,488,000Source |
| Proceeds from Stock Options ExercisedUSD | 6,597,000Source | — | — | — |
| Realized Investment Gains (Losses)USD | -9,269,000Source | -4,215,000Source | — | — |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 0Source | 9,432,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 27,252,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 558,541,000Source | 77,518,000Source | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 707,007,000Source | 501,023,000Source | — | 75,509,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 449,115,000Source | 136,458,000Source | — | — |
| Operating Income (Loss)USD | -1,046,714,000Source | 17,327,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 72,000Source | 817,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -708,683,000Source | 93,501,000Source | — | — |
| Income Tax Expense (Benefit)USD | -6,062,000Source | 6,560,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -702,621,000Source | 86,941,000Source | — | — |
| Earnings Per Share, BasicUSD per share | -2.22Source | 0.41Source | — | — |
| Earnings Per Share, DilutedUSD per share | -2.22Source | 0.39Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 316,123,145Source | 214,586,767Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 316,123,145Source | 223,245,651Source | — | — |
| Interest Expense (non-operating)USD | 59,251,000Source | 11,045,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 500,000Source | — | — | — |
| ApplicableTaxRatenumber | — | — | 0.3Source | 0.3Source |
| BasicEarningsLossPerShareUSD per share | — | — | -0.29Source | -3.14Source |
| Business Combination, Acquisition Related CostsUSD | 4,250,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0Source | 0Source | — | — |
| Current Income Tax Expense (Benefit)USD | 5,673,000Source | 1,665,000Source | — | — |
| CurrentTaxExpenseIncomeUSD | — | — | 1,709,000Source | -1,013,000Source |
| DeferredTaxExpenseIncomeUSD | — | — | 1,744,000Source | 3,403,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | 9,198,000Source | 6,272,000Source |
| DepreciationRightofuseAssetsUSD | — | — | 235,000Source | 220,000Source |
| DilutedEarningsLossPerShareUSD per share | — | — | -0.29Source | -3.14Source |
| DonationsAndSubsidiesExpenseUSD | — | — | 640,000Source | 164,000Source |
| EmployeeBenefitsExpenseUSD | — | — | 22,203,000Source | 17,897,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -10,273,000Source | -1,339,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | 453,783,000Source | 41,185,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| ImpairmentLossRecognisedInProfitOrLossGoodwillUSD | — | — | 0Source | 603,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 210,156,000Source | 70,955,000Source | — | — |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 3,453,000Source | 2,390,000Source |
| InterestExpenseUSD | — | — | 0Source | 15,213,000Source |
| Interest Expense, DebtUSD | 46,574,000Source | — | — | — |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | 253,000Source | 112,000Source |
| Investment Income, InterestUSD | 80,631,000Source | 7,504,000Source | — | — |
| Lease IncomeUSD | 0Source | — | — | — |
| Nonoperating Income (Expense)USD | 338,029,000Source | 76,173,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 15,157,000Source | 13,302,000Source | — | — |
| Other Cost of Operating RevenueUSD | 8,286,000Source | 2,595,000Source | — | — |
| OtherIncomeUSD | — | — | 1,566,000Source | 3,137,000Source |
| Other Operating IncomeUSD | 11,699,000Source | 9,413,000Source | — | — |
| ProfessionalFeesExpenseUSD | — | — | 8,079,000Source | 6,271,000Source |
| ProfitLossBeforeTaxUSD | — | — | -25,502,000Source | -169,481,000Source |
| ProfitLossFromOperatingActivitiesUSD | — | — | -26,333,000Source | -153,851,000Source |
| Realized Investment Gains (Losses)USD | -9,269,000Source | -4,215,000Source | — | — |
| RevenueUSD | — | — | — | 75,509,000Source |
Filing attachments
tm2626697d1_ex99-1.htm · SCHEDULE 13G · 2026-09-30
EXHIBIT 99.1 JOINT FILING AGREEMENT The undersigned hereby agree that the Statement on Schedule 13G filed herewith (and any amendments thereto), relating to the Shares, is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(c) under the Securities Exchange Act of 1934, as amended, on behalf of each of the undersigned. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. Dat…
Read attachment ↗ef20080141_ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 ef20080141_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72 NEW YORK, August 13, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced that Horizon 1 has been delivered to and accepted by Microsoft, and that IREN has achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72. Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments sche…
Read attachment ↗ny20079234x2_ex99-1.htm · 8-K · 2026-08-04
EX-99.1 3 ny20079234x2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Completes Acquisition of Mirantis Strengthening the Software Layer of its Vertically Integrated AI Cloud Platform NEW YORK, August 4, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has completed the acquisition of Mirantis, Inc. (“Mirantis”), a leading provider of cloud software and services, through the issuance of approximately 12.6m ordinary shares, fixed at signing, plus cash, restricted…
Read attachment ↗ef20078253_ex99-1.htm · 8-K · 2026-07-20
EX-99.1 2 ef20078253_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, Raises 2026 ARR Target to over $4bn NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced that it has raised its year-end AI Cloud annualized run-rate revenue (“ARR”)1 target from $3.7bn to more than $4bn2, of which approximately 85% is now under contract following new multi-year cloud services contracts with leading A…
Read attachment ↗ef20073507_ex4-1.htm · 8-K · 2026-05-14
EX-4.1 2 ef20073507_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Portions of this exhibit have been redacted in compliance with Item 601(a)(6) of Regulation S-K because disclosure would constitute a clearly unwarranted invasion of personal privacy. Redacted information is indicated by [***]. Execution Version IREN LIMITED and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of May 14, 2026 1.00% Convertible Senior Notes due 2033 TABLE OF CONTENTS Page Article 1.…
Read attachment ↗ef20073507_ex99-1.htm · 8-K · 2026-05-14
EX-99.1 4 ef20073507_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Closes $3.0 Billion Convertible Notes Offering NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the…
Read attachment ↗