Privium Fund Management B.V. Purchases New Position in IREN Limited $IREN

Privium Fund Management B.V. acquired a new position in IREN Limited (NASDAQ:IREN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 370,150 shares of the company’s stock, valued at approximately $15,132,000. IREN comprises 2.9% of Privium Fund Management B.V.’s portfolio, making the stock its 11th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IREN. CenterBook Partners LP increased its holdings in shares of IREN by 380.9% in the 3rd quarter. CenterBook Partners LP now owns 28,449 shares of the company’s stock worth $1,163,000 after purchasing an additional 22,533 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of IREN by 17.4% in the third quarter. International Assets Investment Management LLC now owns 17,974 shares of the company’s stock worth $731,000 after purchasing an additional 2,670 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of IREN by 16.9% during the third quarter. Kestra Advisory Services LLC now owns 74,387 shares of the company’s stock valued at $3,041,000 after purchasing an additional 10,756 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of IREN by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 123,440 shares of the company’s stock valued at $5,046,000 after purchasing an additional 929 shares in the last quarter. Finally, Compass Financial Management LLC lifted its holdings in shares of IREN by 252.3% during the third quarter. Compass Financial Management LLC now owns 6,341 shares of the company’s stock valued at $259,000 after purchasing an additional 4,541 shares in the last quarter. 41.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IREN shares. Compass Point reiterated a “buy” rating and issued a $85.00 price objective on shares of IREN in a report on Friday, August 28th. B. Riley Financial decreased their target price on IREN from $91.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, October 30th. HC Wainwright lowered their target price on shares of IREN from $74.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley downgraded shares of IREN to a “buy” rating in a report on Wednesday, September 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $79.00 price target on shares of IREN in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

IREN Stock Performance

Shares of NASDAQ:IREN traded up $3.61 during mid-day trading on Friday, reaching $21.64. 112,473,833 shares of the company traded hands, compared to its average volume of 56,795,948. The company’s 50 day moving average price is $35.87 and its 200-day moving average price is $43.60. The firm has a market cap of $8.53 billion, a PE ratio of -5.30 and a beta of 4.33. IREN Limited has a 52 week low of $17.16 and a 52 week high of $70.71. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55.

IREN (NASDAQ:IREN) last issued its earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. IREN had a negative net margin of 99.38% and a negative return on equity of 15.46%. The company had revenue of $228.00 million during the quarter, compared to the consensus estimate of $228.26 million. On average, equities analysts expect that IREN Limited will post -0.49 EPS for the current fiscal year.

IREN Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.