GatePass Capital LLC Takes $537,000 Position in IREN Limited $IREN

GatePass Capital LLC bought a new stake in IREN Limited (NASDAQ:IREN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,450 shares of the company’s stock, valued at approximately $537,000.

Several other large investors have also recently bought and sold shares of IREN. Situational Awareness LP boosted its holdings in shares of IREN by 90.1% in the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after buying an additional 3,034,254 shares during the last quarter. Hood River Capital Management LLC acquired a new position in IREN during the second quarter worth $74,228,000. Invesco Ltd. raised its position in IREN by 45.9% during the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after acquiring an additional 936,333 shares in the last quarter. Merewether Investment Management LP acquired a new stake in IREN in the second quarter valued at $21,025,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of IREN by 15.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,136,330 shares of the company’s stock valued at $16,556,000 after acquiring an additional 148,864 shares during the period. 41.08% of the stock is owned by institutional investors and hedge funds.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Compass Point reaffirmed a “buy” rating and issued a $105.00 target price on shares of IREN in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, November 24th. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $75.00 price target on shares of IREN in a research note on Thursday, September 25th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

IREN Stock Performance

IREN opened at $57.72 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52. The business has a fifty day simple moving average of $45.28 and a 200 day simple moving average of $38.81. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87. The company has a market capitalization of $16.36 billion, a PE ratio of 29.75 and a beta of 4.25.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). The firm had revenue of $240.30 million for the quarter, compared to the consensus estimate of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts expect that IREN Limited will post 0.43 EPS for the current year.

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.