William Blair Investment Management LLC Makes New Investment in IREN Limited $IREN

William Blair Investment Management LLC acquired a new position in shares of IREN Limited (NASDAQ:IREN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,751 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds have also recently bought and sold shares of the company. Centaurus Financial Inc. boosted its holdings in shares of IREN by 1.1% in the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after buying an additional 332 shares during the last quarter. Larson Financial Group LLC raised its stake in IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after acquiring an additional 335 shares during the period. Miller Wealth Advisors LLC raised its stake in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. North Star Investment Management Corp. bought a new stake in IREN in the 4th quarter valued at about $26,000. Finally, Aventura Private Wealth LLC bought a new stake in IREN in the 4th quarter valued at about $28,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Trading Up 5.2%

Shares of IREN opened at $59.78 on Wednesday. The business’s 50-day moving average price is $46.39 and its 200-day moving average price is $46.15. IREN Limited has a twelve month low of $8.28 and a twelve month high of $76.87. The stock has a market cap of $21.36 billion, a PE ratio of 124.54 and a beta of 4.17. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The company had revenue of $144.80 million during the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. On average, equities analysts forecast that IREN Limited will post -1.09 EPS for the current fiscal year.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN announced a $1.6 billion purchase agreement with Dell for Blackwell systems to support its previously announced $3.4 billion, five-year AI cloud contract, signaling faster buildout of AI capacity and a larger revenue opportunity. IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress
• Positive Sentiment: The Dell deal is expected to lift IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion once the systems are commissioned, which investors may view as validation of the company’s AI cloud expansion plans. IREN Limited (IREN) Stock Climbs on $1.6B Dell Partnership for AI Infrastructure Expansion
• Positive Sentiment: News that Paul Tudor Jones increased his IREN stake by 57% added to bullish sentiment, suggesting a high-profile investor sees further upside tied to the AI infrastructure buildout. Paul Tudor Jones Just Bought 57% More IREN Shares, Betting Big On The ‘AI Infrastructure Buildout’ As It ‘Feels Like ’99’
• Neutral Sentiment: Several roundup and commentary pieces kept IREN in focus as a top Bitcoin/AI infrastructure stock, but these were more attention drivers than fresh fundamentals. Top Bitcoin Stocks To Follow Today – May 26th
• Negative Sentiment: Some coverage also highlighted that IREN has already had a strong run this year, which may raise concerns about valuation and near-term upside if execution on the AI buildout slips. IREN stock is already up 58% in 2026. Nvidia could keep taking shares higher.

Analyst Upgrades and Downgrades

IREN has been the topic of a number of research reports. Wall Street Zen cut IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Cantor Fitzgerald lowered their price objective on IREN to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. B. Riley Financial restated a “buy” rating on shares of IREN in a research note on Friday, February 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $44.00 price target on shares of IREN in a research report on Friday, May 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $70.00 price target on shares of IREN in a research report on Tuesday, February 10th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.77.

IREN Company 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.