Hsbc Holdings PLC Makes New Investment in IREN Limited $IREN

Hsbc Holdings PLC acquired a new position in shares of IREN Limited (NASDAQ:IREN) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 97,859 shares of the company’s stock, valued at approximately $3,337,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IREN. Marex Group plc grew its holdings in shares of IREN by 14,216.7% in the fourth quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after purchasing an additional 4,440,032 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in IREN during the fourth quarter valued at $158,677,000. Clear Street Group Inc. bought a new position in IREN during the fourth quarter valued at $137,075,000. Situational Awareness LP lifted its position in IREN by 90.1% during the second quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after purchasing an additional 3,034,254 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in IREN by 1,022.2% during the fourth quarter. Quadrature Capital Ltd now owns 2,870,637 shares of the company’s stock valued at $108,424,000 after purchasing an additional 2,614,835 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s recent $2.8 billion in multi-year AI cloud contracts with customers including Microsoft and NVIDIA continues to support the bullish case, lifting its 2026 AI Cloud ARR target above $4 billion and reinforcing the company’s pivot from Bitcoin mining to AI infrastructure. Is IREN (IREN) Undervalued Following Its $2.8b AI Cloud Contract Win?
• Positive Sentiment: Market commentary on the AI trade has highlighted IREN as a beneficiary of renewed enthusiasm for AI infrastructure after Alphabet raised its AI capex outlook, which helped lift sentiment across names like IREN, Nebius, and CoreWeave. Nebius, CoreWeave, IREN Stocks Rises After Alphabet Raises AI Capex Forecast
• Positive Sentiment: Several recent articles frame IREN as a possible winner in the neocloud race, arguing that its owned-infrastructure model could be more defensible than some peers as hyperscaler demand grows. IREN Vs Nebius: Which Neocloud Should You Buy and Why?
• Neutral Sentiment: HC Wainwright kept a Buy rating and $90 price target on IREN, but the firm made mixed earnings revisions across future periods, with some estimates raised and others cut, which suggests analysts still see long-term upside but near-term execution risk. IREN Limited (NASDAQ: IREN) analyst coverage
• Neutral Sentiment: Short-interest data did not show a meaningful new bearish signal, with reported short interest effectively unchanged at zero shares, so this item is unlikely to be driving the move. IREN Limited (NASDAQ: IREN) short interest
• Negative Sentiment: The stock is also facing pressure from analyst forecast cuts for several future quarters and fiscal years, including lower EPS estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027, FY2026, and FY2027, reinforcing concerns that profitability may remain volatile during the AI buildout. IREN Limited (NASDAQ: IREN) analyst estimates

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of IREN in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of IREN in a report on Tuesday. Compass Point reiterated a “buy” rating on shares of IREN in a research report on Tuesday. Jefferies Financial Group started coverage on IREN in a research note on Thursday, June 18th. They set a “buy” rating and a $79.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, IREN currently has an average rating of “Moderate Buy” and an average target price of $82.71.

IREN Trading Down 8.6%

Shares of IREN opened at $37.07 on Friday. IREN Limited has a twelve month low of $14.72 and a twelve month high of $76.87. The company has a market cap of $13.25 billion, a P/E ratio of 77.23 and a beta of 4.27. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $50.69 and its 200-day simple moving average is $47.60.

IREN (NASDAQ:IREN) last released its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The firm had revenue of $144.79 million during the quarter, compared to the consensus estimate of $219.69 million. As a group, analysts expect that IREN Limited will post -1.96 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.