IREN Limited $IREN Shares Sold by Situational Awareness LP

Situational Awareness LP lessened its stake in shares of IREN Limited (NASDAQ:IREN) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,474,099 shares of the company’s stock after selling 2,224,736 shares during the quarter. IREN comprises approximately 2.2% of Situational Awareness LP’s portfolio, making the stock its 11th biggest position. Situational Awareness LP owned about 2.65% of IREN worth $433,251,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Marex Group plc grew its position in IREN by 14,216.7% in the 4th quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after buying an additional 4,440,032 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in IREN during the 4th quarter worth $158,677,000. Clear Street Group Inc. acquired a new stake in shares of IREN in the 4th quarter worth $137,075,000. Quadrature Capital Ltd lifted its stake in shares of IREN by 1,022.2% in the 4th quarter. Quadrature Capital Ltd now owns 2,870,637 shares of the company’s stock worth $108,424,000 after acquiring an additional 2,614,835 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of IREN by 2,050.8% in the fourth quarter. Neuberger Berman Group LLC now owns 1,964,922 shares of the company’s stock valued at $74,215,000 after acquiring an additional 1,873,563 shares in the last quarter. 41.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IREN shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $99.00 price target on shares of IREN in a research note on Friday, August 28th. Freedom Capital upgraded shares of IREN from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Citigroup reaffirmed a “market outperform” rating on shares of IREN in a report on Friday, August 28th. Compass Point reiterated a “buy” rating and set a $85.00 target price on shares of IREN in a research report on Friday, August 28th. Finally, Jefferies Financial Group assumed coverage on IREN in a report on Thursday, June 18th. They issued a “buy” rating and a $79.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, IREN currently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

IREN Trading Up 5.2%

Shares of IREN opened at $41.65 on Friday. IREN Limited has a twelve month low of $25.31 and a twelve month high of $76.87. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $14.88 billion, a P/E ratio of -17.80 and a beta of 4.28. The firm’s 50-day moving average is $40.11 and its two-hundred day moving average is $45.43.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: $2.4 billion GPU financing: IREN completed a 30-month private-credit package led by Blue Owl, consisting of a $1.2 billion senior term loan and $1.2 billion of senior secured notes. The proceeds will fund air-cooled NVIDIA Blackwell Ultra GPUs at the Mackenzie campus, with borrowing tied to equipment delivery and commissioning. The financing supports rapid capacity expansion without relying entirely on equity issuance. Blue Owl leads $2.4 billion IREN GPU financing at 9%
• Positive Sentiment: AI-cloud momentum is accelerating: Reports said IREN’s AI-cloud revenue jumped 687%, while Citizens retained an $80 price target and cited an increasing AI contribution. IREN reportedly has about $4 billion in contracted annual recurring revenue, and customer prepayments may cover roughly 45%–55% of GPU capital expenditures, improving the economics of its expansion. IREN’s AI Cloud Revenue Just Jumped 687%
• Positive Sentiment: New demand and power visibility: IREN secured a contract with a leading frontier AI laboratory and remains on track to exit crypto mining by year-end. Texas regulators also approved a 765-kilovolt transmission line serving the Permian Basin, potentially easing power constraints near IREN’s Sweetwater campuses and supporting future data-center growth. IREN secures contract from leading frontier lab
• Positive Sentiment: Bitcoin-linked rebound and bullish analyst views: IREN moved higher alongside Bitcoin and other data-center miners as cryptocurrency prices stabilized. Bernstein and other analysts see additional upside as institutional demand and AI infrastructure growth strengthen the investment case. Data Center Stocks Rally With Bitcoin
• Neutral Sentiment: Key transition test: Analysts view the AI pivot favorably, but revenue timing, GPU deliveries, contract execution and the pace of IREN’s mining exit will determine whether its growth targets are achieved. IREN’s Mining Exit Accelerates
• Negative Sentiment: High-risk growth profile: IREN continues to face heavy capital requirements, leverage and exposure to volatile Bitcoin prices. OpenAI CEO Sam Altman’s warning about potentially unsustainable AI-compute spending also raises concerns about competition, overcapacity and the durability of AI infrastructure demand.

IREN Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.