Iris Energy Ltd IREN
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
-
June 2024 Monthly Investor Update
-
Business Update
-
May 2024 Monthly Investor Update
-
IREN Reports Third Quarter FY24 Results
-
IREN’s expansion plans increased to 30 EH/s in 2024
-
IREN to Release Third Quarter Results and Host Conference Call on May 15, 2024
-
April 2024 Monthly Investor Update
-
Operating hashrate increased to 9 EH/s
Trading Information
- Previous Close Price
- $14.35
- Day Range
- $13.19–15.04
- 52-Week Range
- $2.79–15.04
- Bid/Ask
- $15.02 / $15.05
- Market Cap
- $2.81 Bil
- Volume/Avg
- 17.7 Mil / 13.1 Mil
Key Statistics
- Price/Earnings (Normalized)
- 134.17
- Price/Sales
- 6.94
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
- Sector
- Financial Services
- Industry
- Capital Markets
- Stock Style Box
- Small Growth
- Total Number of Employees
- 100
- Website
- https://www.irisenergy.co
Comparables
Valuation
|
Metric
|
IREN
|
CIFR
|
WULF
|
|---|---|---|---|
Price/Earnings (Normalized) | 134.17 | 12.49 | 33.56 |
Price/Book Value | 3.07 | 2.40 | 6.43 |
Price/Sales | 6.94 | 8.18 | 13.45 |
Price/Cash Flow | — | — | 27.58 |
Price/Earnings
IREN
CIFR
WULF
Financial Strength
|
Metric
|
IREN
|
CIFR
|
WULF
|
|---|---|---|---|
Quick Ratio | 7.20 | 2.90 | 0.39 |
Current Ratio | 7.47 | 8.08 | 0.45 |
Interest Coverage | — | 15.47 | −0.61 |
Quick Ratio
IREN
CIFR
WULF
Profitability
|
Metric
|
IREN
|
CIFR
|
WULF
|
|---|---|---|---|
Return on Assets (Normalized) | 0.88% | 20.67% | −11.54% |
Return on Equity (Normalized) | 0.95% | 24.24% | −22.22% |
Return on Invested Capital (Normalized) | 0.32% | 23.13% | −0.08% |
Return on Assets
IREN
CIFR
WULF
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