IREN Limited $IREN Shares Sold by Hartline Investment Corp

Hartline Investment Corp lessened its position in shares of IREN Limited (NASDAQ:IREN) by 69.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,848 shares of the company’s stock after selling 10,795 shares during the quarter. Hartline Investment Corp’s holdings in IREN were worth $228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of IREN in the third quarter valued at about $25,000. SLT Holdings LLC lifted its position in IREN by 6.0% in the third quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock valued at $497,000 after purchasing an additional 600 shares during the period. Drive Wealth Management LLC lifted its position in IREN by 3.0% in the second quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock valued at $596,000 after purchasing an additional 1,179 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in IREN in the third quarter valued at about $74,000. Finally, Centaurus Financial Inc. boosted its holdings in IREN by 5.3% in the 2nd quarter. Centaurus Financial Inc. now owns 31,150 shares of the company’s stock valued at $454,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IREN. JMP Securities set a $80.00 price objective on IREN in a report on Wednesday, November 19th. The Goldman Sachs Group assumed coverage on shares of IREN in a report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target for the company. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, January 13th. B. Riley restated a “buy” rating on shares of IREN in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

IREN Stock Up 11.2%

Shares of NASDAQ IREN opened at $57.72 on Friday. The firm has a market cap of $16.36 billion, a P/E ratio of 29.75 and a beta of 4.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87. The firm’s 50 day moving average price is $45.28 and its 200 day moving average price is $38.81.

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

IREN Company 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.