21.41
-1.06%
Close of 9 Nov 2026, in USD
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About IREN
From its filings with the US Securities and Exchange Commission
IREN is based in Sydney and is incorporated in Australia. Its shares trade on Nasdaq under the ticker IREN. The SEC classifies its business as finance services. In the fiscal year to 30 June 2026, it reported revenue of $707.0m and a net loss of $702.6m. At that date it held total assets of $15.79bn and shareholders' equity of $4.19bn.
IREN is a vertically integrated AI Cloud Services platform, delivering data centers, compute and software for AI training and inference.
We own and operate all three layers of the AI Cloud Services stack: the data center layer, the compute layer and the software layer.
We believe that owning and operating all three layers of the AI Cloud Services stack allows us to bring compute online quickly and at scale, optimize performance and reliability, and provide customers with greater certainty and flexibility than AI Cloud Services platforms that are more dependent on third-parties for one or more of those layers.
We deliver both bare metal compute and managed cloud services to customers supporting AI training and inference workloads. Our customer base includes hyperscalers, frontier labs, AI developers and enterprises. As of June 30, 2026, our operating AI Cloud Services capacity represented approximately 40MW.
Our AI Cloud Services platform is underpinned by an expansive portfolio of land and grid-connected power in renewable-rich regions across North America, Europe and Asia Pacific. As of June 30, 2026, we had executed grid connection agreements, letters of agreement or equivalents representing approximately 5GW of total power capacity in the United States, Canada, Spain and Australia, and a further multi-GW development pipeline. Each of our operating sites has been 100% powered by renewable energy (whether from clean or renewable energy sources or through the purchase of RECs) since commencement of operations.
Quoted from its 10-K, filed 27 Aug 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 17 Nov 2021
- Employees
- 257
- Website
- irisenergy.co ↗
- Head office
- LEVEL 5, 55 MARKET STREET, SYDNEY, 2000
- Incorporated in
- C3
- Classification
- Finance Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. David BartholomewIndependent Non-Executive Chairman of the Board$610,335
- Mr. Daniel RobertsCo-Chief Executive Officer, Co-Founder, Executive Director, since 2018$12.6m
- Mr. William RobertsCo-Chief Executive Officer, Co-Founder, Executive Director, since 2018$12.6m
- Mr. Anthony LewisChief Financial Officer
- Mr. David ShawChief Operating Officer$1.0m
- Ms. Cesilia KimChief Legal Officer, Company Secretary$1.0m
- Mr. Michael AlfredIndependent Non-Executive Director$332,672
- Mr. Christopher GuzowskiIndependent Non-Executive Director$505,461
- Ms. Sunita ParasuramanIndependent Non-Executive Director$184,600
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Iris Energy Ltd boasts a robust financial position with solid revenue streams and healthy profit margins. This financial stability allows the company to invest in research and development, and expand its operations efficiently.
- With a team of highly skilled professionals and years of experience in the renewable energy sector, Iris Energy Ltd possesses a deep understanding of the industry. This expertise enables the company to deliver innovative and reliable renewable energy solutions to its clients.
- Iris Energy Ltd has established strategic partnerships with key organizations and stakeholders in the energy sector. These collaborations provide the company with access to new markets, technologies, and valuable resources, enhancing its competitive advantage.
Weaknesses
- The company heavily relies on government incentives and policies to promote renewable energy adoption. Changes in government regulations or reductions in subsidies could impact the company's profitability and growth potential.
- Iris Energy Ltd currently holds a smaller market share compared to some of its larger competitors. This limited market presence may pose challenges in securing major contracts and expanding its customer base.
Opportunities
- The increasing awareness of climate change and the need for sustainable energy sources present a significant opportunity for Iris Energy Ltd to capitalize on the growing demand for renewable energy solutions worldwide.
- Expanding into emerging markets and exploring international growth avenues could help Iris Energy Ltd diversify its customer base and reduce dependence on specific regions. Developing strategic alliances with global partners can aid in accessing untapped markets and maximizing revenue potential.
Threats
- The renewable energy sector is highly competitive, with numerous players constantly striving to gain market share. Iris Energy Ltd faces threats from both established competitors and new entrants offering innovative and cost-effective solutions.
- Shifts in government policies and regulations related to renewable energy could impact Iris Energy Ltd's operations. Uncertainties around future incentives, tax breaks, or changes in renewable energy targets may create challenges for the company's growth strategies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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