Iris Energy Ltd
NASDAQ:IREN
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Iris Energy Ltd
NASDAQ:IREN
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Intrinsic Value
Is IREN undervalued or overvalued?
See the intrinsic value estimate for Iris Energy Ltd and find out whether today’s valuation is cheap or expensive by its own historical standards.
Do our valuations actually work? See backtest results .
IREN looks undervalued.
But is it cheap by its own standards?
See how today’s valuation compares with IREN’s past valuations and how the stock performed after similar periods.
Fundamental Analysis
What Iris Energy Does
Iris Energy Ltd builds and runs large data centers that use low-cost electricity, often from renewable power sources, to support power-hungry digital workloads. Its core business started with bitcoin mining, where it runs specialized computers that earn bitcoin by validating the network. More recently, it has also moved into providing high-performance computing and AI-related infrastructure from the same data center platform.
- Headquarters
- Australia AU
- Employees
- 39
- IPO date
- Nov 17, 2021
Iris Energy has no economic moat
Rivals can offer similar computing capacity using commercially available chips, leaving IREN competing on price, availability and service rather than a product competitors cannot match. Its power connections and owned data centers are useful advantages, but do not by themselves prevent other providers from winning customers.
Read the full moat analysis
Earnings Waterfall
Iris Energy Ltd
The intrinsic value for Iris Energy Ltd (IREN) under the Base Case is hidden USD.
Compared with the current market price of 25.11 USD, the stock appears hidden.