IREN Limited $IREN is JW Asset Management LLC’s 6th Largest Position

JW Asset Management LLC decreased its holdings in shares of IREN Limited (NASDAQ:IREN) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,650 shares of the company’s stock after selling 20,000 shares during the quarter. IREN comprises approximately 2.1% of JW Asset Management LLC’s holdings, making the stock its 6th biggest holding. JW Asset Management LLC’s holdings in IREN were worth $6,615,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IREN. Invesco Ltd. boosted its position in shares of IREN by 45.9% in the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after buying an additional 936,333 shares during the period. StoneX Group Inc. purchased a new stake in shares of IREN during the 2nd quarter valued at about $158,000. NewEdge Advisors LLC lifted its position in IREN by 245.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock worth $631,000 after acquiring an additional 30,736 shares in the last quarter. Sei Investments Co. purchased a new position in IREN in the 2nd quarter worth approximately $2,333,000. Finally, Peapack Gladstone Financial Corp grew its position in IREN by 30.0% in the second quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock valued at $265,000 after acquiring an additional 4,200 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Stock Performance

IREN stock traded up $2.25 during trading on Tuesday, hitting $46.93. 50,705,613 shares of the company’s stock traded hands, compared to its average volume of 43,101,758. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of -20.06 and a beta of 4.28. IREN Limited has a 52 week low of $27.05 and a 52 week high of $76.87. The stock has a fifty day moving average price of $40.03 and a two-hundred day moving average price of $45.47. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN said its 2GW Sweetwater Hub in Texas was conditionally included as Base Load in ERCOT’s Batch Zero process. Sweetwater 1 represents 1,400MW and Sweetwater 2 represents 600MW, potentially easing a key interconnection risk for one of IREN’s largest AI infrastructure projects. IREN’s 2GW Sweetwater Hub Included as Base Load in ERCOT Batch Zero
• Positive Sentiment: The company’s AI expansion is benefiting from strong industry demand. IREN’s CEO said computing supply may never catch up with AI demand, reinforcing the potential for sustained demand for its high-performance computing capacity. IREN CEO: Computing Power May Never Catch Up with AI Demand
• Positive Sentiment: Sweetwater 1’s high-voltage substation was energized earlier in 2026, while 300MW of gross data-center capacity remains under construction with delivery targeted for the fourth quarter of 2027. Investors are also increasingly valuing IREN as an AI cloud provider rather than solely as a Bitcoin miner, following sharply higher AI cloud revenue and a reported $2.6 billion contract base.
• Neutral Sentiment: Analyst sentiment remains favorable, with recent Buy ratings and several price targets well above the current trading range. However, targets are estimates and do not remove execution or valuation risk.
• Negative Sentiment: IREN remains a highly volatile, heavily shorted AI-infrastructure stock. Articles cited investor concerns about margins, cash flow, capital spending and project execution, while unusual put-option activity indicates that some traders continue to hedge against a decline. Short Sellers Are Betting Against 3 AI Infrastructure Stocks

Wall Street Analyst Weigh In

Several research firms recently issued reports on IREN. Freedom Capital raised shares of IREN from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 target price on shares of IREN in a research report on Friday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $99.00 price target on shares of IREN in a report on Friday, August 28th. Compass Point restated a “buy” rating and set a $85.00 price objective on shares of IREN in a report on Friday, August 28th. Finally, Morgan Stanley downgraded shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, IREN has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

IREN Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.