Earnings Transition Looms: Social media chatter highlights Iris Energy's upcoming fiscal 2026 results, expected after the close on Thursday, as a pivotal moment amid the shift away from Bitcoin mining revenue toward AI cloud operations. Analysts note that headline figures may appear weak due to this transition, with consensus forecasts pointing to a revenue drop and loss per share. High short interest around 29% of the float adds potential for volatility regardless of the outcome.
Microsoft Milestone Fuels Debate: Discussions emphasize the recent acceptance of the first 50MW data center block by Microsoft under a multi-year contract, alongside Nvidia exemplar status, as confirmation of the company's pivot strategy. Observers point to billions in signed AI contracts and prepayments as key positives, though some caution that delivery timelines and ARR targets must hold steady to sustain momentum. The stock's position well below recent highs reflects ongoing scrutiny of execution.
Power Capacity in Focus: Participants underscore Iris Energy's secured power advantages, including over 5GW, positioning it ahead in the AI infrastructure race compared to peers. Sentiment remains focused on whether these assets can convert rapidly into scaled revenue streams. Overall discussion reflects a cautiously optimistic tone.
Note: This discussion summary was generated from an AI condensation of post data.
Iris Energy Hedge Fund Activity
We have seen 461 institutional investors add shares of Iris Energy stock to their portfolio, and 226 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEFIANCE ETFS, LLC removed 12,601,716 shares (-99.5%) from their portfolio in Q2 2026, for an estimated $576,276,472
- BANK OF AMERICA CORP /DE/ added 12,072,706 shares (+564.5%) to their portfolio in Q2 2026, for an estimated $552,084,845
- D. E. SHAW & CO., INC. removed 11,329,975 shares (-97.0%) from their portfolio in Q2 2026, for an estimated $518,119,756
- BLACKROCK, INC. added 8,858,032 shares (+198.7%) to their portfolio in Q2 2026, for an estimated $405,077,803
- GOLDMAN SACHS GROUP INC added 6,948,317 shares (+124.7%) to their portfolio in Q2 2026, for an estimated $317,746,536
- NORGES BANK added 5,197,774 shares (+inf%) to their portfolio in Q2 2026, for an estimated $237,694,205
- DAIWA SECURITIES GROUP INC. added 4,206,174 shares (+13927.7%) to their portfolio in Q2 2026, for an estimated $192,348,337
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Iris Energy Analyst Ratings
Wall Street analysts have issued reports on $IREN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 05/08/2026
- BTIG issued a "Buy" rating on 05/08/2026
To track analyst ratings and price targets for Iris Energy, check out Quiver Quantitative's $IREN forecast page.
Iris Energy Price Targets
Multiple analysts have issued price targets for $IREN recently. We have seen 9 analysts offer price targets for $IREN in the last 6 months, with a median target of $80.0.
Here are some recent targets:
- Paul Meeks from Freedom Broker set a target price of $58.0 on 07/06/2026
- Jonathan Petersen from Jefferies set a target price of $79.0 on 06/18/2026
- Lucas Pipes from B. Riley Securities set a target price of $96.0 on 06/04/2026
- Paul Golding from Macquarie set a target price of $90.0 on 06/04/2026
- Joseph Vafi from Canaccord Genuity set a target price of $79.0 on 06/03/2026
- Brett Knoblauch from Cantor Fitzgerald set a target price of $99.0 on 05/28/2026
- Reginald Smith from JP Morgan set a target price of $46.0 on 05/11/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
