65,370 Shares in IREN Limited $IREN Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in IREN Limited (NASDAQ:IREN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 65,370 shares of the company’s stock, valued at approximately $2,989,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of IREN by 177.5% during the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after purchasing an additional 442 shares in the last quarter. Clearstead Trust LLC bought a new stake in IREN during the fourth quarter worth about $27,000. Motco bought a new stake in IREN during the fourth quarter worth about $30,000. Purpose Unlimited Inc. acquired a new stake in IREN during the fourth quarter worth about $34,000. Finally, Arax Advisory Partners grew its stake in IREN by 306.2% during the fourth quarter. Arax Advisory Partners now owns 979 shares of the company’s stock worth $37,000 after buying an additional 738 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IREN shares. Needham & Company LLC restated a “hold” rating on shares of IREN in a research report on Tuesday, July 21st. Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 price objective on shares of IREN in a research note on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of IREN in a research report on Friday, August 28th. Cantor Fitzgerald restated an “overweight” rating and set a $99.00 target price on shares of IREN in a research note on Friday, August 28th. Finally, Morgan Stanley downgraded IREN to a “buy” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

IREN Price Performance

Shares of NASDAQ:IREN opened at $43.64 on Friday. IREN Limited has a one year low of $28.93 and a one year high of $76.87. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The company has a market cap of $17.20 billion, a price-to-earnings ratio of -18.65 and a beta of 4.28. The firm has a 50 day simple moving average of $40.19 and a 200 day simple moving average of $45.55.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s 2-gigawatt Sweetwater data-center hub in Texas received conditional “Batch Zero” base-load status under ERCOT’s grid process. The classification is an important step toward securing power capacity for the project and supports the company’s transition from Bitcoin mining toward AI-focused data-center operations. IREN receives Batch Zero base load status for Sweetwater
• Positive Sentiment: Commentary on the Sweetwater announcement suggests IREN may control multiple gigawatts of potential capacity beyond the publicly disclosed figure. If converted into operating AI infrastructure, that pipeline could materially expand long-term revenue and improve the company’s positioning in the growing AI training and inference market. IREN’s Sweetwater Announcement Hints at a Larger Gigawatt Pipeline
• Positive Sentiment: Investors continue to view IREN as a potential NVIDIA-backed AI-infrastructure beneficiary, with contracted AI-cloud revenue and significant expansion ambitions providing a bullish long-term narrative. Could IREN Become the Next Nvidia-Backed AI Winner?
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the figures appear anomalous and provide little actionable insight into current trading sentiment.
• Negative Sentiment: The immediate pressure appears to be profit-taking after a strong run in IREN and comparable neocloud stocks. High beta, ambitious construction plans, and dependence on timely power and GPU deployments make the stock particularly sensitive to execution concerns.
• Negative Sentiment: Jim Cramer said he preferred CoreWeave over IREN, describing other neocloud companies as speculative. Although this is only one commentator’s view, it may reinforce concerns about valuation and competitive risk. Jim Cramer Prefers CoreWeave Over IREN

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.