Why IREN Is Cheap Now [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
Management targets $3.4B in annualized run-rate revenue by FY26, driven by contracted demand, notably a $1.9B ARR Microsoft deal. IREN's vertically integrated model enables 85% project EBITDA margins and positions it as a preferred AI compute partner for hyperscalers. Valuation remains attractive versus peers at 12.0x forward EV/Sales and 20.2x EV/EBITDA, with further upside tied to AI execution and customer diversification. I hereon share my sentiment on IREN and why I see more upside ahead. akinbostanci/E+ via Getty Images IREN Limited ( IREN ) was up around 308% in FY25, and FY26 will be even brighter for the stock. I'll tell you why in a second, but first, let's take a trip down memory lane. Not only has the stock outperformed This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, a
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IREN
News
- HIVE Digital Technologies Ltd. (HIVE): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- IRE: IREN's Growth Outlook May Provide For An Appealing Trade Strategy [Seeking Alpha]Seeking Alpha
- IREN: Cheap Valuation Means I Am Doubling Down [Seeking Alpha]Seeking Alpha
- IREN (NASDAQ:IREN) was upgraded by analysts at HC Wainwright from a "sell" rating to a "buy" rating. They now have a $80.00 price target on the stock.MarketBeat
- Why IREN Limited Skyrocketed 285% in 2025 [Yahoo! Finance]Yahoo! Finance
IREN
Sec Filings
- 1/2/26 - Form S-8
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- IREN's page on the SEC website