Mirae Asset Global Investments Co. Ltd. Makes New Investment in IREN Limited $IREN

Mirae Asset Global Investments Co. Ltd. bought a new stake in IREN Limited (NASDAQ:IREN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 328,773 shares of the company’s stock, valued at approximately $13,440,000.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in IREN by 177.5% during the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after purchasing an additional 442 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of IREN by 521.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock worth $47,000 after purchasing an additional 870 shares in the last quarter. Hollencrest Capital Management increased its position in shares of IREN by 50.0% during the 1st quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 350 shares during the last quarter. MCF Advisors LLC increased its position in shares of IREN by 5,159.1% during the 2nd quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock valued at $53,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of IREN during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Stock Up 11.1%

Shares of IREN stock opened at $24.46 on Wednesday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80. IREN Limited has a 12-month low of $21.86 and a 12-month high of $76.87. The company has a market cap of $9.64 billion, a P/E ratio of -10.45 and a beta of 4.33. The company’s fifty day simple moving average is $37.09 and its two-hundred day simple moving average is $44.11.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s AI infrastructure contracts point to a sizable revenue opportunity as it shifts toward AI cloud services and data-center development. Investors may look to the upcoming earnings report for evidence that GPU deployment and capacity expansion are progressing. IREN Stock Jumps Ahead of Fiscal Q1 2027 Earnings — Here’s Why
• Positive Sentiment: IREN participated in a broader rebound among AI data-center stocks following Monday’s selloff. The bounce appears to reflect relief and improved sector sentiment rather than a company-specific announcement. Cipher Digital Soars 9%, IREN Up 8% as AI Data Center Stocks Rebound After Selloff
• Neutral Sentiment: IREN objected to ICE/OKX’s tokenized trading of its shares without the company’s approval. The dispute concerns authorization and regulation of tokenized equities; the report does not indicate a direct change to IREN’s business outlook. IREN Objects to Tokenized Share Trading on New Blockchain Venue
• Negative Sentiment: The company’s ambitious AI buildout may require substantial funding, and its operating capacity and GPU deployment need to keep pace with its contracted opportunity. Investors may focus on financing needs and execution in the next earnings report. Before You Buy IREN Stock, Consider This Funding Gap

Analyst Ratings Changes

IREN has been the subject of a number of recent research reports. B. Riley Financial lowered their price objective on shares of IREN from $91.00 to $64.00 and set a “buy” rating for the company in a report on Friday, October 30th. Morgan Stanley lowered shares of IREN to a “buy” rating in a report on Wednesday, September 2nd. Weiss Ratings cut shares of IREN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Rothschild & Co Redburn initiated coverage on shares of IREN in a research note on Monday, September 21st. They issued a “neutral” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of IREN from an “underweight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $65.00 in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.69.

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.