{"data":{"ticker":"IREN","slug":"iris-energy","name":"Iris Energy","exchange":"NASDAQ","sector":"Financial Services","headquarters":"Sydney, Australia","ceo":"William Roberts","employees":685,"website":"https://iren.com","founded":"2018","layers":[{"slug":"neoclouds","name":"Neoclouds"}],"exposure":{"score":65,"tier":"Strategic","rationale":"Iris Energy sells GPU cloud services and AI data center capacity built on renewable-powered sites originally used for bitcoin mining. The investment case now rests mostly on converting its power portfolio into contracted AI compute, with mining as the legacy business."},"quote":{"price":21.64,"change24hPct":20.02,"change7dPct":-9.65,"change30dPct":-39.4,"change1yPct":-65.31,"high52w":67.84,"low52w":18.03,"marketCap":8755836928,"peRatio":null,"eps":-2.22,"volume24h":2429729548},"nextEarningsDate":"2027-02-04","summary":"Iris Energy builds and operates data centers powered by renewable energy. It makes money from bitcoin mining, its original business, and increasingly from AI cloud services that rent GPU computing to customers.","explainer":["Iris Energy builds and operates data centers powered by renewable energy. It makes money from bitcoin mining, its original business, and increasingly from AI cloud services that rent GPU computing to customers.","Its AI offerings center on infrastructure: an AI GPU cloud that rents accelerated computing, high performance computing hosting for demanding workloads, and sustainable AI infrastructure built on sites chosen for cheap renewable power.","Founded in 2018 and headquartered in Sydney, Australia, Iris Energy trades on the NASDAQ and employs about 260 people."],"buildoutRole":"Iris Energy sits in the Neoclouds layer of the AI buildout. Its playbook is conversion: take the renewable-powered sites originally built for bitcoin mining and turn them into GPU cloud capacity and AI data centers. Power is the scarce input in the buildout, and Iris controls a portfolio of it. The investment case now rests mostly on converting that power into contracted AI compute, with mining as the legacy business, which is why its AI exposure runs high.","faq":[{"q":"What does Iris Energy do?","a":"Iris Energy operates renewable-powered data centers. It earns money from bitcoin mining, its original business, and from an AI GPU cloud that rents accelerated computing and hosting to customers."},{"q":"How is Iris Energy exposed to AI?","a":"Heavily and increasingly. The investment case rests on converting its renewable power portfolio into contracted AI compute and GPU cloud services. Supercycle rates it an AI Exposure Score of 65 out of 100."},{"q":"What are Iris Energy's main AI products?","a":"An AI GPU cloud renting accelerated computing, high performance computing hosting, and sustainable AI infrastructure built on renewable-powered data center sites."},{"q":"Is IREN a pure play AI stock?","a":"Not yet. Bitcoin mining remains the legacy business, but the growth story is AI data centers and GPU cloud built on its power sites. Its AI Exposure Score of 65 out of 100 reflects that transition."},{"q":"Where is Iris Energy based and who leads it?","a":"Iris Energy is headquartered in Sydney, Australia, and is led by CEO William Roberts. The company was founded in 2018 and employs about 260 people."}],"history1y":[{"date":"2026-09-28","close":41.72},{"date":"2026-09-29","close":41.38},{"date":"2026-09-30","close":40.88},{"date":"2026-10-01","close":40.65},{"date":"2026-10-02","close":41.76},{"date":"2026-10-05","close":40.48},{"date":"2026-10-06","close":41.28},{"date":"2026-10-07","close":38.69},{"date":"2026-10-08","close":35.71},{"date":"2026-10-09","close":35.19},{"date":"2026-10-12","close":34.8},{"date":"2026-10-13","close":34.8},{"date":"2026-10-14","close":30.56},{"date":"2026-10-15","close":30.39},{"date":"2026-10-16","close":26.99},{"date":"2026-10-19","close":27.73},{"date":"2026-10-20","close":26.62},{"date":"2026-10-21","close":27.84},{"date":"2026-10-22","close":25.51},{"date":"2026-10-23","close":24.91},{"date":"2026-10-26","close":25.43},{"date":"2026-10-27","close":27.44},{"date":"2026-10-28","close":28.84},{"date":"2026-10-29","close":26.25},{"date":"2026-10-30","close":23.95},{"date":"2026-11-02","close":22.02},{"date":"2026-11-03","close":24.46},{"date":"2026-11-04","close":21.71},{"date":"2026-11-05","close":18.03},{"date":"2026-11-06","close":21.64}],"incomeStatements":[{"ticker":"IREN","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","revenue":707007000,"cost_of_revenue":266372000,"gross_profit":440635000,"operating_expense":0,"operating_income":-378751000,"net_income":-702621000,"earnings_per_share":-2.22,"earnings_per_share_diluted":-2.22,"research_and_development":0,"selling_general_and_administrative_expenses":319776000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IREN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":501023000,"cost_of_revenue":182629000,"gross_profit":318394000,"operating_expense":0,"operating_income":22122000,"net_income":86941000,"earnings_per_share":0.3367,"earnings_per_share_diluted":0.3367,"research_and_development":0,"selling_general_and_administrative_expenses":127215000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IREN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":187192000,"cost_of_revenue":103679000,"gross_profit":83513000,"operating_expense":0,"operating_income":-27277000,"net_income":-28920000,"earnings_per_share":-0.29,"earnings_per_share_diluted":-0.29,"research_and_development":0,"selling_general_and_administrative_expenses":50027000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IREN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":75509000,"cost_of_revenue":54388000,"gross_profit":21121000,"operating_expense":0,"operating_income":-48558000,"net_income":-171827000,"earnings_per_share":-3.14,"earnings_per_share_diluted":-3.14,"research_and_development":0,"selling_general_and_administrative_expenses":33183000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"IREN","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","total_assets":15790039000,"current_assets":7886176000,"cash_and_equivalents":5895591000,"total_liabilities":11604426000,"current_liabilities":2221100000,"total_debt":7839526000,"shareholders_equity":4185613000,"retained_earnings":-1298789000},{"ticker":"IREN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":2940323000,"current_assets":641173000,"cash_and_equivalents":564526000,"total_liabilities":1122835000,"current_liabilities":149347000,"total_debt":964232000,"shareholders_equity":1817488000,"retained_earnings":-596167000},{"ticker":"IREN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":1152819000,"current_assets":452385000,"cash_and_equivalents":404601000,"total_liabilities":55348000,"current_liabilities":51072000,"total_debt":1321000,"shareholders_equity":1097471000,"retained_earnings":-683110000},{"ticker":"IREN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":332074000,"current_assets":89230000,"cash_and_equivalents":68894000,"total_liabilities":26713000,"current_liabilities":24001000,"total_debt":1448000,"shareholders_equity":305361000,"retained_earnings":-654276000}],"holders13f":[],"news":[{"title":"Popular Bitcoin miner seeks $6 billion for AI expansion","source":null,"url":"https://www.thestreet.com/crypto/markets/popular-bitcoin-miner-seeks-6-billion-for-ai-expansion?.tsrc=rss","date":"2026-11-06"},{"title":"Stock Market Today, Nov. 6: Iren Soars 20% on Strong AI Cloud Revenue Growth","source":null,"url":"https://www.fool.com/coverage/stock-market-today/2026/11/06/stock-market-today-nov-6-iren-soars-20-on-strong-ai-cloud-revenue-growth/?.tsrc=rss","date":"2026-11-06"},{"title":"Bitcoin Tumbles On ETF Flows, Liquidations. IREN Leads Miner Rebound Attempt.","source":null,"url":"https://finance.yahoo.com/m/1bb59cf7-9dbb-3c72-aa16-34a903263558/bitcoin-tumbles-on-etf-flows%2C.html?.tsrc=rss","date":"2026-11-06"},{"title":"IREN (IREN) Stock May Still Be A Bargain Following Contract Delays","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/iren-iren-stock-may-still-201040967.html?.tsrc=rss","date":"2026-11-06"},{"title":"IREN CEO: Old Nvidia H100s Just Recontracted at “Double the Original Contract Price”","source":null,"url":"https://www.tikr.com/blog/iren-ceo-old-nvidia-h100s-just-recontracted-at-double-the-original-contract-price?ref=yahoofinance&tlnk=yf-261106-j3qqpw48&.tsrc=rss","date":"2026-11-06"},{"title":"IREN Stock Jumps Despite Delay to $4 Billion ARR Target","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/iren-stock-jumps-despite-delay-191527859.html?.tsrc=rss","date":"2026-11-06"},{"title":"IREN Sinks 13% in a Week as Big Tech’s Results Rattle Neoclouds: “Already Popping”","source":null,"url":"https://www.tikr.com/blog/iren-sinks-13-in-a-week-as-big-techs-results-rattle-neoclouds-already-popping?ref=yahoofinance&tlnk=yf-261106-v8mhg4v3&.tsrc=rss","date":"2026-11-06"},{"title":"IREN Says New AI Cloud Customers Are Prepaying 90% of the Chips","source":null,"url":"https://247wallst.com/investing/2026/11/06/iren-says-new-ai-cloud-customers-are-prepaying-90-of-the-chips/?.tsrc=rss","date":"2026-11-06"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.634Z","tier":"free","source":"https://supercyclehq.com/stock/iris-energy","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/IREN","html":"https://supercyclehq.com/stock/iris-energy","md":"https://supercyclehq.com/stock/iris-energy.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}