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IREN Ltd (IREN) — chart, structure and Closelooknet read

The Closelooknet read

IREN builds and owns data centres in Australia and Canada, along with the land, grid links, substations, buildings and cooling that support them. Inside those sites it runs the compute layer — GPUs, CPUs, storage, servers and networking — and a software layer that helps customers deploy and manage AI workloads.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

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The desk on IREN

What this diary said about IREN Ltd, what it holds and what would change its view — in its own words, dated. Investment diary, not advice.

What we said

Our record on IREN

Every scored call, pick and trade this diary has made on IREN Ltd, with the outcome where it is known.

Signals for this name

Every Closelooknet reading that exists for IREN, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index Agentic Ecosystem Index — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Agentic Ecosystem Index · as of 2026-11-11

DayWeekMonth3 months
IREN+5.6%−4.0%−40.1%−53.4%
Compute Operators+7.5%+8.2%−18.3%—
Agentic Ecosystem Index+3.1%+1.0%−14.6%—

Against the index: 5.0 pts behind on the week, 25.5 pts behind on the month; against its Compute Operators sleeve 21.8 pts behind on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 35 pieces · newest: Morning 10, “Chips — Taiwan Jumps 3.6%, SK Hynix 5.4% and Nasdaq Futures 2% Despite a Fed Hike and the Nvidia Case” (2026-11-11)

Mentioned on Closelooknet

Where IREN appears in the diary — 35 pieces, newest first. Every link is our own writing.

Long reads

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 51/100 · S&P 500 fund at 51, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-11
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 77th percentile of the window, -13.2% over 20 sessions. Factor regime → 2026-11-11
  • Sector × region Financials in US: −1.0% week · +7.0% month · +1.0% quarter · +14.0% yearThe Sector Engine cell this name lives in, from XLF.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-11-11
  • Sovereign pressure Index -0.58 · up 0.29 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-10
How it trades on rate days beta 0.84 to TLT · on the worst bond days it fell more than the market

How it trades on rate days

How IREN has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.84 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), IREN Ltd moved 0.84% on average · correlation 0.07 · higher than 72% of US names
  • Beta, last 3 months −1.01 less rate-sensitive lately than over the year
  • On the 10 worst bond days −3.17% on average against −0.72% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −7.85% TLT −1.32% that day 2026-11-10

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Neoclouds and former miners · 4 names with week and year-to-date

Peer group

Neoclouds and former miners

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against IREN on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — IREN Ltd

IREN in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
IREN builds and owns data centres in Australia and Canada, along with the land, grid links, substations, buildings and cooling that support them. Inside those sites it runs the compute layer — GPUs, CPUs, storage, servers and networking — and a software layer that helps customers deploy and manage AI workloads. It also mines Bitcoin alongside this cloud business. The company was formerly named Iris Energy and is based in Sydney.
Where it sits in the stack
IREN carries no seat in our indices, so it sits in the neocloud sleeve of our universe, alongside firms that grew out of crypto mining and pivoted toward AI compute rental.
Who it is priced against
Closelooknet's peer group calls this cohort neoclouds and former miners, grouping IREN with CoreWeave, Nebius, Cipher Mining and Applied Digital; the market also names Core Scientific in the same trade.
Why Closelooknet tracks it
IREN carries a Closelooknet score, with quality the strongest module and valuation the weakest. The diary has quoted it in a situational-awareness report on additions to watch, in a barbell-construction piece, and in a note on capacity deals riding alongside larger chip-supplier investments.
What the diary watches
Whether the AI-cloud and compute-hosting revenue grows enough to offset the weak valuation reading, and whether Bitcoin mining stays a meaningful part of the business or fades as data-centre capacity is repurposed.

IREN Ltd (IREN) trades on US exchanges, classified under Financial Services.

The Closelooknet company score reads 27/100 composite (momentum 4, quality 19, valuation 9) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 3 analyst actions on the wire · latest: price target by Compass Point, 2026-11-09 · last print 2026-11-05

The Street on this name

Analyst actions and the latest print for IREN from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target Compass Point — target 55 Target set to $55 (+154.2% to spot) 2026-11-09
  • Price target Cantor Fitzgerald — target 47 Target set to $47 (+124.6% to spot) 2026-11-06
  • Price target Compass Point — target 85 Target set to $85 (+128.3% to spot) 2026-08-28
  • Latest print EPS -0.62 against -0.72 expected — a +14.4% beat 2026-11-05

3 actions on the analyst wire since 2026-08-13: 3 target changes. Analyst wire → · Earnings wire →

Dividends and capital return no distribution in twelve months

Dividends and capital return

What IREN pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Share count +41.6% in FY2026 205 m USD of stock-based compensation in the year

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-12

Quick answers

What is IREN Ltd (IREN)?

IREN Ltd trades as IREN on the US exchange (US) and is classified under Financial Services in the Closelooknet research universe, as of the registry build of 2026-11-12.

Is IREN in a Closelooknet index?

Not currently — IREN Ltd is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-12.

What is IREN Ltd's Closelooknet composite score?

27 out of 100, with momentum 4, quality 19 and valuation 9 sub-scores, as of 2026-11-12. Scores are Closelooknet's own research readings, not ratings or investment advice.

What is IREN Ltd's earnings print record?

Across the 11 prints Closelooknet covers, IREN Ltd beat EPS estimates 5 times and revenue estimates 3 times; the three-day reactions split 6 up, 2 flat and 3 down (moves beyond ±3%), as of the 2026-11-03 card. The full print-record card carries the per-print history.

Where does IREN trade against its moving averages?

IREN Ltd trades 39.2% below its 50-day and 50.6% below its 200-day moving average (13.7% below its 20-day). As of 2026-11-11 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is IREN doing against its Closelooknet index?

Over the past month IREN Ltd is −40.1% against −14.6% for the Agentic Ecosystem Index — 25.5 points behind its index, as of 2026-11-11. Its Compute Operators sleeve is −18.3% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does IREN Ltd compare with its peers?

Against its peer group (Neoclouds and former miners), IREN Ltd (IREN) sits 72.4% below its 52-week high, 39.2% below its 50-day average; CoreWeave, Inc. Class A Common Stock (CRWV) is 61.3% below, Nebius Group N.V. (NBIS) is 55.3% below, Cipher Mining Inc (CIFR) is 76.4% below, as of 2026-11-11. Put any of them next to IREN in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does IREN Ltd trade when bond yields rise?

Over the past year IREN Ltd had a beta of 0.84 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 72% of US names. On the 10 sessions in which long bonds fell most it moved −3.17% on average, against −0.72% for the S&P 500. As of 2026-11-11; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about IREN Ltd?

IREN Ltd appears in 35 Closelooknet pieces as of 2026-11-12, most recently Morning 10: Chips — Taiwan Jumps 3.6%, SK Hynix 5.4% and Nasdaq Futures 2% Despite a Fed Hike and the Nvidia Case (2026-11-11); Midday 10: Chips — Up 6.5% as CoreWeave Soars 24% and Micron 13%; S&P 500 Back Above Its Pre-Sell-Off Level (2026-11-11); Morning 10: AI Trade — Korea Jumps 4.4%, SoftBank Soars 14% After Wall Street's Best Day Since April (2026-11-10). What Closelooknet said most recently: The four reports due for a grade in our earnings record all closed Tuesday above the line that counts as paid, 3% over the entry price: Cloudflare at 306.02 (+25.2%), JFrog at 103.55 (+38.8%), IREN at 19.73 (+9.4%) and Applied… (Morning 10, 2026-11-11). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does IREN Ltd do?

IREN builds and owns data centres in Australia and Canada, along with the land, grid links, substations, buildings and cooling that support them. Inside those sites it runs the compute layer — GPUs, CPUs, storage, servers and networking — and a software layer that helps customers deploy and manage AI workloads. It also mines Bitcoin alongside this cloud business. Closelooknet's peer group calls this cohort neoclouds and former miners, grouping IREN with CoreWeave, Nebius, Cipher Mining and Applied Digital; the market also names Core Scientific in the same trade. (Company snapshot of 2026-09-17.)

Where does IREN Ltd sit in the AI build-out?

IREN carries no seat in our indices, so it sits in the neocloud sleeve of our universe, alongside firms that grew out of crypto mining and pivoted toward AI compute rental. IREN carries a Closelooknet score, with quality the strongest module and valuation the weakest. The diary has quoted it in a situational-awareness report on additions to watch, in a barbell-construction piece, and in a note on capacity deals riding alongside larger chip-supplier investments. (Company snapshot of 2026-09-17.)

Does IREN Ltd pay a dividend?

No cash distribution shows in IREN Ltd’s price series over the last three years. The share count rose 41.6% over the fiscal year. As of 2026-11-11; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on IREN Ltd recently?

The most recent analyst action on IREN Ltd on the Closelooknet wire is a price target by Compass Point on 2026-11-09 (target 55). 3 actions on the analyst wire since 2026-08-13: 3 target changes. Its latest earnings print on the wire, 2026-11-05: EPS -0.62 against -0.72 expected — a +14.4% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for IREN, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

same Closelooknet index seat first, then Capital Markets. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.