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IREN

IRENA
Nasdaq / Software & Services
Last Price
At close
2026-06-02
View Chart
Current thesis
The bull case is that IREN keeps turning power and data-center capacity into contracted AI compute revenue while the Dell supply agreement de-risks hardware procurement. If the Childress deployment ramps on schedule, the stock can justify a meaningfully higher multiple than a pure miner because recurring AI infrastructure revenue should become more visible.
Posture
Constructive
Lead driver
Momentum
What changed
3 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Any commissioning or utilization slip at Childress would likely delay revenue conversion and pressure the share price.
Momentum
92
Value
42
Sentiment
74
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $78.00 · Bull $95.00 · Bear $48.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-29 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $79.31
Why
Momentum92 · Δ7d -1.0
Value42 · Δ7d +0.1
Sentiment74 · Δ7d -2.5
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
92
34% active weight
Current posture
7d trendFlat
Δ7d
-1.0
Δ21d
-3.2
Value
42
32% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
+0.2
Sentiment
74
33% active weight
Current posture
7d trendSoftening
Δ7d
-2.5
Δ21d
+2.4
Why this grade

Composite grade A. Momentum 91.8 / Value 42.4 / Sentiment 73.5

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$23.31B
Beta
4.26
Shares Out
288.64M
P/E (TTM)
27.9
P/S (TTM)
20.22
P/FCF (TTM) · Derived
-81.71
Rev YoY
+355.4%
EPS YoY
+489.3%
Gross Margin
+23.2%
Op Margin
-0.4%
Net Debt
$398.24M
Current Ratio
5.52
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology