Public Employees Retirement System of Ohio Buys Shares of 92,076 IREN Limited $IREN

Public Employees Retirement System of Ohio acquired a new position in IREN Limited (NASDAQ:IREN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 92,076 shares of the company’s stock, valued at approximately $4,211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ninepoint Partners LP purchased a new stake in IREN in the 2nd quarter worth $534,000. Polianta Ltd boosted its position in shares of IREN by 5.9% during the 2nd quarter. Polianta Ltd now owns 37,400 shares of the company’s stock valued at $1,710,000 after acquiring an additional 2,100 shares during the last quarter. Teamwork Financial Advisors LLC grew its holdings in shares of IREN by 28.9% in the second quarter. Teamwork Financial Advisors LLC now owns 21,894 shares of the company’s stock valued at $1,001,000 after purchasing an additional 4,906 shares in the last quarter. Gainplan LLC bought a new stake in IREN in the second quarter worth $215,000. Finally, Balefire LLC raised its stake in IREN by 2.9% during the second quarter. Balefire LLC now owns 26,684 shares of the company’s stock valued at $1,220,000 after purchasing an additional 760 shares in the last quarter. 41.08% of the stock is owned by institutional investors.

IREN Stock Up 5.2%

NASDAQ:IREN opened at $41.65 on Friday. IREN Limited has a twelve month low of $25.31 and a twelve month high of $76.87. The company has a market cap of $14.88 billion, a price-to-earnings ratio of -17.80 and a beta of 4.28. The stock has a fifty day simple moving average of $40.11 and a 200-day simple moving average of $45.43. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: $2.4 billion GPU financing: IREN completed a 30-month private-credit package led by Blue Owl, consisting of a $1.2 billion senior term loan and $1.2 billion of senior secured notes. The proceeds will fund air-cooled NVIDIA Blackwell Ultra GPUs at the Mackenzie campus, with borrowing tied to equipment delivery and commissioning. The financing supports rapid capacity expansion without relying entirely on equity issuance. Blue Owl leads $2.4 billion IREN GPU financing at 9%
• Positive Sentiment: AI-cloud momentum is accelerating: Reports said IREN’s AI-cloud revenue jumped 687%, while Citizens retained an $80 price target and cited an increasing AI contribution. IREN reportedly has about $4 billion in contracted annual recurring revenue, and customer prepayments may cover roughly 45%–55% of GPU capital expenditures, improving the economics of its expansion. IREN’s AI Cloud Revenue Just Jumped 687%
• Positive Sentiment: New demand and power visibility: IREN secured a contract with a leading frontier AI laboratory and remains on track to exit crypto mining by year-end. Texas regulators also approved a 765-kilovolt transmission line serving the Permian Basin, potentially easing power constraints near IREN’s Sweetwater campuses and supporting future data-center growth. IREN secures contract from leading frontier lab
• Positive Sentiment: Bitcoin-linked rebound and bullish analyst views: IREN moved higher alongside Bitcoin and other data-center miners as cryptocurrency prices stabilized. Bernstein and other analysts see additional upside as institutional demand and AI infrastructure growth strengthen the investment case. Data Center Stocks Rally With Bitcoin
• Neutral Sentiment: Key transition test: Analysts view the AI pivot favorably, but revenue timing, GPU deliveries, contract execution and the pace of IREN’s mining exit will determine whether its growth targets are achieved. IREN’s Mining Exit Accelerates
• Negative Sentiment: High-risk growth profile: IREN continues to face heavy capital requirements, leverage and exposure to volatile Bitcoin prices. OpenAI CEO Sam Altman’s warning about potentially unsustainable AI-compute spending also raises concerns about competition, overcapacity and the durability of AI infrastructure demand.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IREN. HC Wainwright restated a “buy” rating and issued a $90.00 target price on shares of IREN in a report on Friday, August 28th. The Goldman Sachs Group restated a “neutral” rating on shares of IREN in a research report on Monday, July 20th. Needham & Company LLC reiterated a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Compass Point restated a “buy” rating and set a $85.00 price target on shares of IREN in a report on Friday, August 28th. Finally, Jefferies Financial Group began coverage on shares of IREN in a research note on Thursday, June 18th. They set a “buy” rating and a $79.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.57.

About IREN

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.