Why The Market Just Nuked IREN: This Selloff Makes No Sense [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
Recent stock volatility stems from mechanical selloff after a $2B convertible and equity raise, not company-specific distress. Management targets $3.4B annualized AI-cloud revenue by late 2026, with $1.9B expected from the Microsoft deal at full scale. IREN trades at the lowest forward EV/Sales and EV/EBITDA multiples among peers, presenting a relative valuation opportunity as fundamentals remain intact. I hereon share my sentiment on IREN and why the pullback doesn't scare me. Alexyz3d/iStock via Getty Images Stock performance and previous coverage: IREN Limited ( IREN ) isn't in investors' best graces, and not for good reason. The stock shed over 15% on Tuesday, marking the stock's highest volume day ever, with 83.2 million shares traded. The stock seems to 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.
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IREN
News
- IREN Limited (IREN): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- IREN Announces Pricing of Ordinary Shares Offering to Fund the Repurchase of Convertible NotesGlobeNewswire
- IREN Prices $2 Billion Convertible Notes OfferingGlobeNewswire
- Iren: A Major AI Infrastructure Growth Winner [Seeking Alpha]Seeking Alpha
- IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible Notes [Yahoo! Finance]Yahoo! Finance
IREN
Sec Filings
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- 12/3/25 - Form FWP
- IREN's page on the SEC website