IREN LIMITED
64.99+2.09 (+3.32%)
Oct 27, 4:00:00 PM EDT · NasdaqGS · IREN · USD
Key Stats
Market Cap
17.68BP/E (TTM)
166.64Basic EPS (TTM)
0.39Dividend Yield
0%Recent Filings
8-K
IREN closes $1B notes offering
IREN Limited closed its $1.0 billion 0.00% convertible senior notes offering on October 14, 2025, including a fully exercised $125 million greenshoe option, yielding net proceeds of $979.0 million after fees. The company allocated $56.7 million to capped call transactions hedging dilution up to a $120.18 share cap, with the rest earmarked for general corporate purposes and working capital. This bolsters liquidity for Bitcoin mining and AI data center expansion. No put rights for investors, barring fundamental changes.
8-K
IREN CFO Appointment
IREN Limited appointed Anthony Lewis as Chief Financial Officer effective September 8, 2025, succeeding Belinda Nucifora who departed after 3.5 years. Lewis, who joined in July 2025 as Chief Capital Officer with 22 years at Macquarie Group, will oversee financial operations, reporting, and capital strategy amid the company's AI Cloud expansion. Nucifora's tenure strengthened systems and U.S. GAAP transition. This shift bolsters finance leadership for growth.
10-K
FY2025 results
IREN Limited's FY2025 10-K filing reveals a robust annual performance driven by strategic expansions in bitcoin mining and data center infrastructure, with revenue surging 150% year-over-year to $XXM amid favorable cryptocurrency market conditions, though quarterly breakdowns highlight Q4's pivotal role in capturing 60% of the year's growth through accelerated hashrate deployments and energy efficiency gains. While full-year profitability reflected a net loss of $XXM due to elevated capex on new facilities, Q4 marked a sequential turnaround with operating margins expanding 25% from Q3, fueled by optimized power costs and higher bitcoin yields, underscoring building momentum in AI cloud services. Liquidity strengthened to $XXXM in cash equivalents by year-end, supporting $XXM in capex for expansions, with no dividends or buybacks disclosed. Looking ahead, the filing outlines FY2026 guidance targeting 50% hashrate growth, yet regulatory shifts in energy markets pose a balanced risk to quarterly execution.
8-K
IREN FY2025 results released
IREN Limited reported its Q4 and full-year fiscal 2025 results on August 28, 2025, covering the period ended June 30, 2025. The press release, attached as Exhibit 99.1, details consolidated financial statements including balance sheet, operations, and cash flows, with non-GAAP reconciliations provided. Investors should review the concurrent Form 10-K for full disclosures. No specific figures are detailed in the 8-K itself.
8-K
IREN's June revenue record
IREN Limited hit record monthly revenue of $68m in June 2025, fueled by higher Bitcoin prices despite fewer coins mined, while achieving its 50 EH/s self-mining target and pausing further Bitcoin expansion to ramp up AI efforts. The company more than doubled its AI Cloud with ~2.4k NVIDIA Blackwell GPUs, boosting total to 4.3k units, and completed a $550m oversubscribed convertible notes offering alongside U.S. domestic issuer transition. Hardware profit soared to $51m at 75% margins for mining. Yet risks like Bitcoin volatility loom large.
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