Picton Mahoney Asset Management Invests $870,000 in IREN Limited $IREN

Picton Mahoney Asset Management acquired a new stake in shares of IREN Limited (NASDAQ:IREN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,534 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in IREN during the 3rd quarter valued at $25,000. Allianz SE bought a new stake in shares of IREN during the 3rd quarter valued at about $57,000. Sherman Asset Management Inc. bought a new stake in shares of IREN during the 3rd quarter valued at about $59,000. Vermillion Wealth Management Inc. purchased a new position in shares of IREN during the third quarter valued at about $74,000. Finally, Avalon Trust Co purchased a new position in shares of IREN during the third quarter valued at about $115,000. Institutional investors own 41.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of IREN in a research note on Wednesday, November 19th. They issued an “outperform” rating on the stock. Weiss Ratings lowered shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. UBS Group reiterated a “buy” rating on shares of IREN in a research note on Friday, November 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 target price on shares of IREN in a report on Tuesday, February 10th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

IREN Price Performance

IREN stock opened at $36.70 on Friday. 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 company’s fifty day moving average price is $46.58 and its 200-day moving average price is $45.79. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The company has a market capitalization of $12.19 billion, a PE ratio of 27.59 and a beta of 4.31.

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

IREN News Roundup

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

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.