HC Wainwright & Co. has downgraded IREN Ltd (IREN) from Buy to Sell, effective October 28, 2025. The current share price stands at $57.38.
This downgrade suggests increased caution regarding IREN Ltd's outlook. Such decisions reflect concerns about competitive pressures, market conditions, or execution risks that may impact the company's performance.
IREN Ltd operates as a vertically integrated data center business, focusing on powering the future of Bitcoin and artificial intelligence with renewable energy. Headquartered in Sydney, Australia, the company employs 257 full-time staff and went public on November 17, 2021. Its facilities, optimized for Bitcoin mining and AI cloud services, are located in Canal Flats, Mackenzie, Prince George, and Childress.
As of November 1, 2025, analyst consensus for IREN Ltd includes 5 Strong Buy, 10 Buy, 3 Hold, and 1 Sell ratings, totaling 19 analysts. Upcoming earnings are projected for May 11, 2026, with an estimated EPS of $0.17 and revenue of $292.8 million.
Analyst ratings and price targets are based on research and financial models, providing a professional perspective. However, they reflect assumptions that may not materialize as anticipated. Investment decisions should consider multiple factors, including company fundamentals and industry trends, rather than relying solely on analyst views.