Company overview
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.
Daily valuation snapshot
These values come from the daily market snapshot dated 2026-10-08. TTM means trailing twelve months. Use the market date when comparing IREN with another company.
| Daily close (USD) | $35.71 |
| Market capitalization (USD) | $12,761,992,448.54 |
| Price / earnings (TTM) | Not reported |
| Price / book | 3.05 |
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Company size
IREN Limited Ordinary Shares's recorded market capitalization is $12,761,992,448.54. It measures the market value of the company's equity, rather than its revenue or cash balance.
Price relative to earnings
P/E compares share price with trailing annual earnings per share. For a company with losses, inspect the earnings figures directly rather than treating a negative multiple as a cheap valuation.
Price relative to book equity
IREN's recorded price-to-book ratio is 3.05. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.
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