Public Employees Retirement System of Ohio Makes New $4.21 Million Investment in IREN Limited $IREN

Public Employees Retirement System of Ohio purchased a new position in IREN Limited (NASDAQ:IREN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,076 shares of the company’s stock, valued at approximately $4,211,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clearstead Trust LLC purchased a new stake in shares of IREN during the 4th quarter valued at $27,000. Motco purchased a new position in IREN in the fourth quarter worth $30,000. GAMMA Investing LLC increased its stake in IREN by 177.5% in the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after acquiring an additional 442 shares during the last quarter. Purpose Unlimited Inc. purchased a new stake in IREN during the fourth quarter valued at about $34,000. Finally, Hollencrest Capital Management lifted its stake in IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after purchasing an additional 350 shares during the last quarter. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

IREN Stock Performance

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IREN. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 target price on shares of IREN in a research note on Thursday, August 13th. BTIG Research restated a “buy” rating and issued a $80.00 price objective on shares of IREN in a report on Friday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of IREN in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

More IREN News

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.

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.