JW Asset Management LLC Cuts Position in IREN Limited $IREN

JW Asset Management LLC lowered its position in shares of IREN Limited (NASDAQ:IREN) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 144,650 shares of the company’s stock after selling 20,000 shares during the period. IREN accounts for 2.1% of JW Asset Management LLC’s portfolio, making the stock its 6th biggest holding. JW Asset Management LLC’s holdings in IREN were worth $6,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of IREN by 45.9% in the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after purchasing an additional 936,333 shares during the period. StoneX Group Inc. bought a new stake in shares of IREN during the second quarter valued at approximately $158,000. NewEdge Advisors LLC boosted its position in shares of IREN by 245.0% during the second quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock worth $631,000 after buying an additional 30,736 shares during the period. Sei Investments Co. bought a new position in IREN in the 2nd quarter worth approximately $2,333,000. Finally, Peapack Gladstone Financial Corp grew its holdings in IREN by 30.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock worth $265,000 after buying an additional 4,200 shares in the last quarter. 41.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on IREN shares. HC Wainwright reaffirmed a “buy” rating and set a $90.00 target price on shares of IREN in a research note on Friday, August 28th. Citigroup restated a “market outperform” rating on shares of IREN in a research note on Friday, August 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $99.00 target price on shares of IREN in a research report on Friday, August 28th. Canaccord Genuity Group restated a “buy” rating and set a $79.00 price target on shares of IREN in a research report on Friday, August 28th. Finally, Jefferies Financial Group assumed coverage on shares of IREN in a research note on Thursday, June 18th. They issued a “buy” rating and a $79.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

IREN Price Performance

Shares of IREN stock traded up $2.25 during trading on Tuesday, hitting $46.93. The stock had a trading volume of 50,705,613 shares, compared to its average volume of 43,101,758. The business has a fifty day moving average of $40.03 and a two-hundred day moving average of $45.47. The firm has a market cap of $18.49 billion, a P/E ratio of -20.06 and a beta of 4.28. IREN Limited has a fifty-two week low of $27.05 and a fifty-two week high of $76.87. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN said its 2GW Sweetwater Hub in Texas was conditionally included as Base Load in ERCOT’s Batch Zero process. Sweetwater 1 represents 1,400MW and Sweetwater 2 represents 600MW, potentially easing a key interconnection risk for one of IREN’s largest AI infrastructure projects. IREN’s 2GW Sweetwater Hub Included as Base Load in ERCOT Batch Zero
• Positive Sentiment: The company’s AI expansion is benefiting from strong industry demand. IREN’s CEO said computing supply may never catch up with AI demand, reinforcing the potential for sustained demand for its high-performance computing capacity. IREN CEO: Computing Power May Never Catch Up with AI Demand
• Positive Sentiment: Sweetwater 1’s high-voltage substation was energized earlier in 2026, while 300MW of gross data-center capacity remains under construction with delivery targeted for the fourth quarter of 2027. Investors are also increasingly valuing IREN as an AI cloud provider rather than solely as a Bitcoin miner, following sharply higher AI cloud revenue and a reported $2.6 billion contract base.
• Neutral Sentiment: Analyst sentiment remains favorable, with recent Buy ratings and several price targets well above the current trading range. However, targets are estimates and do not remove execution or valuation risk.
• Negative Sentiment: IREN remains a highly volatile, heavily shorted AI-infrastructure stock. Articles cited investor concerns about margins, cash flow, capital spending and project execution, while unusual put-option activity indicates that some traders continue to hedge against a decline. Short Sellers Are Betting Against 3 AI Infrastructure Stocks

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.