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IREN ( (IREN) ) has issued an announcement.
On November 2, 2025, IREN Limited’s subsidiary, IE US Hardware 3 Inc., entered into a significant agreement with Microsoft to provide dedicated GPU infrastructure at the Horizon data center facilities in Texas, valued at approximately $9.7 billion through 2031. This partnership marks a major step for IREN, reinforcing its position as a leading AI Cloud Service Provider and opening new customer segments among global hyperscalers. Concurrently, IREN secured a $5.8 billion agreement with Dell for the supply of GPUs and ancillary products, which will support the Microsoft contract’s execution. These strategic agreements are expected to enhance IREN’s market positioning and operational capabilities.
The most recent analyst rating on (IREN) stock is a Sell with a $45.00 price target. To see the full list of analyst forecasts on IREN stock, see the IREN Stock Forecast page.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
Iris Energy’s strong technical indicators and positive earnings call sentiment are the most significant factors driving the score. However, the high P/E ratio and challenges in cash flow management and profitability weigh down the overall score.
To see Spark’s full report on IREN stock, click here.
More about IREN
IREN is a leading AI Cloud Service Provider, delivering large-scale GPU clusters for AI training and inference. IREN’s vertically integrated platform is underpinned by its expansive portfolio of grid-connected land and data centers in renewable-rich regions across the U.S. and Canada.
Average Trading Volume: 35,477,697
Technical Sentiment Signal: Buy
Current Market Cap: $16.47B
For a thorough assessment of IREN stock, go to TipRanks’ Stock Analysis page.