Company Origins: Renewable Roots in Crypto
IREN Ltd, formerly known as Iris Energy, was founded in Australia with a bold vision: to power Bitcoin mining using 100% renewable energy. The company built data centers optimized for high-performance computing, leveraging hydroelectric and wind power to reduce operational costs and environmental impact.
Initially focused on crypto mining, IREN mined over 728 BTC in July 2025 alone, maintaining profitability even during volatile market cycles.
🤖 Strategic Shift: Entering the AI Infrastructure Race
In 2024–2025, IREN began reallocating capital from Bitcoin mining to AI-ready data centers, recognizing the explosive demand for GPU-powered cloud services.
- Over 2,910 MW of renewable energy secured
- 10,900+ Nvidia GPUs deployed
- Flagship project: Horizon 1 — a $300–350M data center in Texas for enterprise-grade AI workloads
This transition aligns IREN with long-term growth trends in high-performance computing (HPC), while maintaining its edge in energy efficiency.
📊 Financial Snapshot
- Current Price: $26.48
- P/E Ratio: 67.9 — high investor expectations for future growth
- Asset-to-Liabilities Ratio: 20.7
- Assets: $1.15B
- Liabilities: $55.7M
A strong balance sheet with minimal debt gives IREN flexibility to scale without excessive dilution or leverage.
📈 Technical Analysis: Momentum & Highs
- 52-Week High: $29.50
- 200-Day Moving Average: $17.98
- RSI (14): 67.94 — approaching overbought territory
- MACD: 0.517 — confirms upward momentum
- Overall Rating: Strong Buy across major indicators
The stock has surged over 400% YTD, driven by blowout earnings and its Nvidia partnership.
🧠 Why It Matters
IREN is no longer just a crypto play—it’s a hybrid tech company riding two of the biggest waves in digital infrastructure:
- Bitcoin mining
- AI cloud services
With ultra-low energy costs ($0.028/kWh) and ESG alignment, it’s positioned to attract hyperscaler clients and institutional capital.
GatherStocks does not hold any position in IREN Ltd at the time of writing. This post reflects publicly available information and should not be interpreted as a solicitation.