IREN Limited $IREN Shares Sold by Situational Awareness LP

Situational Awareness LP lowered its position in IREN Limited (NASDAQ:IREN) by 19.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,474,099 shares of the company’s stock after selling 2,224,736 shares during the quarter. IREN accounts for approximately 2.2% of Situational Awareness LP’s holdings, making the stock its 11th biggest holding. Situational Awareness LP’s holdings in IREN were worth $433,251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IREN. Invesco Ltd. grew its stake in IREN by 45.9% in the 2nd quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after acquiring an additional 936,333 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of IREN in the second quarter valued at approximately $158,000. NewEdge Advisors LLC grew its position in shares of IREN by 245.0% in the second quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock valued at $631,000 after purchasing an additional 30,736 shares during the last quarter. Sei Investments Co. purchased a new position in shares of IREN during the 2nd quarter worth approximately $2,333,000. Finally, Peapack Gladstone Financial Corp increased its stake in shares of IREN by 30.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock worth $265,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. B. Riley Financial lifted their price objective on IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings downgraded IREN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Freedom Capital raised IREN from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Compass Point reissued a “buy” rating and issued a $85.00 price target on shares of IREN in a report on Friday, August 28th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of IREN in a research report on Monday, July 20th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.57.

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.

IREN Stock Performance

Shares of IREN opened at $41.65 on Friday. IREN Limited has a 1 year low of $25.31 and a 1 year high of $76.87. The company’s 50 day simple moving average is $40.11 and its 200 day simple moving average is $45.43. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of -17.80 and a beta of 4.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55.

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.