IREN Ltd.
IRENIREN is a vertically integrated AI cloud services provider that owns and operates the full technology stack, including data center infrastructure, high-performance compute hardware, and specialized software.
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Nov 5, 2026 (in 2 months)Valuation & ratios
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Profile
IREN is a vertically integrated AI cloud services provider that owns and operates the full technology stack, including data center infrastructure, high-performance compute hardware, and specialized software. The company delivers bare metal and managed cloud services optimized for AI training and inference workloads, utilizing 100% renewable energy across its global facility footprint. While historically a Bitcoin miner, the company is executing a strategic transition to reallocate its power and data center capacity entirely toward AI cloud services.
A vertically integrated operator with significant grid-connected power capacity and 'Exemplar Cloud' status from NVIDIA.
FAQ
- What is IREN Ltd.'s market cap?
- IREN Ltd. (IREN) has a market capitalization of $16.4B and trades on NASDAQ.
- What is IREN Ltd.'s revenue and profitability?
- IREN Ltd. generated $707.0M in trailing twelve-month revenue with a net loss of $702.6M, representing a net margin of -99.4%. Gross margin stands at 68.9%, with free cash flow of -$897.6M. The latest reported period is Q4 2026.
- Who are IREN Ltd.'s competitors?
- IREN Ltd.'s key competitors include Equinix, Amazon Web Services, Microsoft Azure, and others. These companies compete in similar markets and product categories.
- Who does IREN Ltd. partner with?
- IREN Ltd.'s notable partners include NVIDIA, AMD, Dell Technologies, and others.
- What subsidiaries does IREN Ltd. have?
- IREN Ltd.'s subsidiaries include Mirantis.
- Where is IREN Ltd. headquartered?
- IREN Ltd. is headquartered in Australia and employs approximately 100 people. It has been publicly traded since 2021.
