Iris Energy Limited (IREN) Surges 23.8%: Is This an Indication of Further Gains? [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 36.1% loss over the past four weeks. Iris Energy has recently signed a cloud service agreement with leading AI company, poolside, for 248 NVIDIA H100 GPUs. This must have led to the latest uptick in IREN's share price. This company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $36.28 million, up 163.7% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Iris Energy Limited, the consensus EPS estimate for the quarter has been revised 114.3% higher over the last 30 days to the current level. And a positiv
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IREN
News
- We're Not Worried About Iris Energy's (NASDAQ:IREN) Cash Burn [Yahoo! Finance]Yahoo! Finance
- Operating hashrate increased to 9 EH/sGlobeNewswire
- The Impact Of AI On Iris Energy's Bitcoin Mining Success [Seeking Alpha]Seeking Alpha
- Poolside upsizes and extends AI Cloud Services contractGlobeNewswire
- IREN Announces Monthly Investor Update for March 2024GlobeNewswire
IREN
Sec Filings
- 4/29/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/4/24 - Form 6-K
- IREN's page on the SEC website