Business mix
- The company owns and operates computing hardware, as well as electrical infrastructure and data centers.
- It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software.
- The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024.
- The company was incorporated in 2018 and is based in Sydney, Australia.
Current key questions
- Can asset growth, client flows, fee rates, credit quality, or spread income support durable earnings in capital markets?
- How sensitive are margins and returns to interest rates, market levels, funding costs, and regulation?
- Do capital allocation, risk controls, and balance-sheet quality improve long-term per-share value?
