Picton Mahoney Asset Management Purchases Shares of 18,534 IREN Limited $IREN

Picton Mahoney Asset Management bought a new position in shares of IREN Limited (NASDAQ:IREN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,534 shares of the company’s stock, valued at approximately $870,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IREN. Global Retirement Partners LLC acquired a new stake in shares of IREN during the 3rd quarter valued at about $25,000. Allianz SE purchased a new position in IREN in the 3rd quarter valued at about $57,000. Sherman Asset Management Inc. acquired a new stake in IREN in the 3rd quarter worth about $59,000. Vermillion Wealth Management Inc. purchased a new stake in IREN during the 3rd quarter worth approximately $74,000. Finally, Avalon Trust Co purchased a new stake in IREN during the 3rd quarter worth approximately $115,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large Nvidia GPU buildout lifts long?term revenue potential — IREN agreed to buy 50,000 NVIDIA B300 GPUs, expanding its fleet toward 150,000 GPUs to support AI cloud capacity. This materially increases compute scale and underpins the company’s AI revenue targets. DataCenterDynamics: IREN purchases 50,000 NVIDIA B300 GPUs
• Positive Sentiment: Ambitious AI revenue targets and large corporate deals could drive meaningful growth — management is targeting roughly $3.7B AI cloud ARR by late?2026 and public commentary references a sizeable Microsoft?related contract that supports the pivot from mining to AI infrastructure. These milestones are the core bullish case. Seeking Alpha: IREN buying an AI infrastructure giant
• Neutral Sentiment: Strong prior fundraising and capital access — IREN has raised multiple billions (~$9.3B cited historically) to finance GPU expansion, which both supports growth and changes financing flexibility; investors will watch execution and ROI. Yahoo Finance: The Bull Case For IREN
• Negative Sentiment: Large at?the?market (ATM) / equity program raises dilution worries — IREN expanded its ATM capacity (about $6B reported), and concurrently opened an equity offering to fund the GPU buildout; investors are concerned about near?term share dilution and timing of issuance. Yahoo Finance: IREN expands GPU fleet, opens $6B equity offering
• Negative Sentiment: Short?seller spotlight and guidance questions amplified selling pressure — Jim Chanos publicly criticized the $6B equity filing and flagged the company’s lack of clarity around a cited $500M revenue guidance figure, increasing investor caution. MSN: Jim Chanos sounds alarm
• Negative Sentiment: Recent fundamental miss and macro/geopolitical noise — IREN’s prior quarterly results missed EPS and revenue estimates, and geopolitical headlines (Iran?related) have been flagged as an additional near?term risk to sentiment and partnerships. Seeking Alpha: Geopolitical noise discussion

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald lowered their target price on shares of IREN to $82.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group initiated coverage on shares of IREN in a research note on Thursday, December 18th. They set a “neutral” rating and a $39.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, November 24th. Citigroup started coverage on IREN in a research report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, Wall Street Zen downgraded IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

IREN Trading Down 8.5%

NASDAQ:IREN opened at $36.70 on Friday. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87. The stock has a market cap of $12.19 billion, a P/E ratio of 27.59 and a beta of 4.31. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. The stock has a 50-day simple moving average of $46.58 and a 200-day simple moving average of $45.79.

IREN (NASDAQ:IREN) last announced its earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The business had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The business’s revenue was down 23.1% compared to the same quarter last year. As a group, analysts anticipate that IREN Limited will post 0.43 earnings per share for the current fiscal 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.