IREN Limited (NASDAQ:IREN)
Old Forum Content for IREN
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- StockMarketMentor: $IREN is down for the 2nd consecutive day. Still well above the $20 entry and sporting a 35% return. This has been a monster trade idea, and I hate to see that profit slip away. You should consider taking profits here -- at least partial profits. But closing the entire position would work too. As I often say, you can always buy it back. --Dan
- ReneeH: miners gettin' bid, interesting $MARA, $ETOR, $IREN
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StockMarketMentor: ...
$IREN -- Up dramatically since the stock was first featured at $20 bucks. Volume was much higher than average yesterday and it's looking like today will be a follow-through day on a potential power move.
$CCJ -- Pushing against an all-time high. ... - Vcondry: Good morning fellow speculators ... I didn't have a position but congrats to any $IREN holders (earnings move Bigly)
- joelsg1: @Vcondry $IREN So much for discipline taking the decent profit but not holding through E. I'll look to reboard what could be a runaway train.
- Vcondry: @joelsg1 $IREN I just added a starter here at 28 probably regret it I usually screw up the first 30 mins but the earnings and being a preferred $NVDA partner I figure it might break 30
- StockMarketMentor: IREN Limited ($IREN): IF you are still in this stock, taking some profits is a good idea (some...or all). The stock is up 22% today, and up a bit more than 40% from the suggested entry at $20 bucks. Now, the stock is still running today. Selling into this strength is one way to book some profits. Another way to lock in profits is to use today's intraday low of $26.78 as a reference for a higher stop. Your order is only triggered if the stock reverses course today. So far, that's not happening. As I finish this note, it's up 27%. It's a rocket ship. --Dan
- scottrades: @gmj $RIOT $MARA It's nice to see some relative strength on a weak day. I didn't see any news but maybe people are seeing the Earnings in $IREN and assuming the others will print good numbers as well.
- ZMan2: $IREN In addition to the ER beat $IREN secured a position as a $NVDA preferred partner.
- joelsg1: $IREN Sold Sept. $17 calls for 2.5 bagger into E tonight. Taking a lesson from reaction to $CRWV E. BTW, $CRWV got a shoutout on $NVDA E call last night for large spend.
- joelsg1: $IREN Also took off 'free riding' $22 calls into E tonight.
- joelsg1: $IREN Backed off $1 from ATH, sold earlier for large profit as wary of holding through E tonight. Careful. Will look to reload after E reaction as the story intact.
- joelsg1: $IREN Looks like a beat and moved to profitable vs loss, stock up 7% ah.
- ThomasPersohn: @joelsg1 $IREN Thank You
- Mike2025Trader: @Dan @scott recommendation on $IREN I took this trade when it got alerted on the ATI I am up 15% I already took some profits only 5% of my portafolio earning tomorrow after the bell! How should I play this one now?
- ReneeH: @Mike2025Trader $IREN earnings move predicting 17%. That's a lot of pressure if it goes against your profits. imo, I like to trim 1/3 minimum and/or hedge the position. High risk on this one esp on the back of $NVDA earnings. Just my thought over coffee.
- joelsg1: $IREN Rolled 'free' remainder of Friday's $20 calls to Nov. $22s.
- joelsg1: $IREN Nice morning bounce to highest since IPO at $28 in 11/21. Long.
- joelsg1: @joelsg1 $IREN Have a double on Friday's $20 calls, so sold half and free riding remainder. Have Sept. $17 calls too.
- woodman: @joelsg1 $IREN - Ugh. I had too tight a leash on it last week knowing I'd be away Thursday and Friday last week. Reports this week - 8/28 amc.
- joelsg1: @woodman $IREN Volatile for sure, this morning for example.
- bill52: @joelsg1 $IREN scaling up operations https://finance.yahoo.com/news/retail-investors-top-stocks-q2-113541353.html
- joelsg1: @bill52 $IREN Yep. https://finance.yahoo.com/news/iren-doubles-gpu-fleet-8-112817284.html
- Mike2025Trader: $IREN is working beautifully from @Dan ATI List
- bill52: $IREN despite the pullback from the initial breakout, this continues to respect the 10ema and tightening up.
- RD: Don't forget about $IREN.
- Mike2025Trader: Good morning !!! I trying to stay a float last few weeks have been hard $RGTI $IREN $META $AI $BMNR all these have been losers for me. I am following @Dan and learning daily but I am afraid to trade now after losing about 10% of my portafolio. If it wasn’t because of stops I am sure it would have been worse! I want to get in $PLTR but I don’t know if yesterday was just a dead cat bounce!
- PhilHarmonic: @Mike2025Trader $RGTI $IREN $META $AI $BMNR $PLTR See Dan's Video "Fitz in Five" from yesterday. He shows you how to trade $Pltr this morning.
- Mike2025Trader: @PhilHarmonic $RGTI $IREN $META $AI $BMNR $PLTR $Pltr Yes Sir I am tracking just afraid and over $10 swing is too much for right now! Watching closely!
- Henry: @Mike2025Trader $RGTI $IREN $META $AI $BMNR $PLTR $Pltr We’ve all been there. Maybe paper trade or trade very small. BMNR was a great trade if you got in early. But when these stocks explode upward and you chase its very risky.
- joelsg1: $IREN Massive bounce on volume.
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StockMarketMentor: ...
$IREN -- this recent breakout buy was stopped at 18.95 for a small loss.
$HOOD -- Blew through the 105.90 stop area. It's rebounded off $100 today and is likely to hold at this level. I've mentioned that the stock would likely trade sideways ... - ZMan2: $IREN down 6% LOD.
- joelsg1: @ZMan2 $IREN Btc down plus wringing out speculative excess a damning combo for this one today.
- joelsg1: @joelsg1 $IREN And Aug. and Sept. the 2 weakest months for BTC since 2014.
- joelsg1: $IREN Pushing ATH-L.
- joelsg1: @Auto $WULF I bought when I learned Stanley Druckenmiller was in, it did nothing and then I was looking to sell when I learned he was out, held on for awhile and then took a small profit, sold a few days early in this crazy mkt. Definitely a theme, the old Btc miners converting to data centers, but I'm in $IREN which has the best of both worlds, self-funds, renewable power, mostly hydro, and at least a customer relationship with $NVDA.
- ZMan2: $IREN is up 5%.
- DAN: @ZMan2 $IREN Great breakout!
- StockMarketMentor: Adding IREN Ltd ($IREN) to the ATI list. Basis: 20.00 Stop area: 18.95 I noticed this stock in the trading room. joelsg1 and zman2 both mentioned this stock and I like the breakout. I've got the stop set at just below $19 bucks. If it falls back below $19, then we can classify this breakout as a fake out. The company reports earnings on the 27th -- week after next. So, this stock still has time to move...as long as the breakout keeps running. --Dan
- joelsg1: $IREN Strong off the 20d on $GOOGL investment in $WULF.
- ZMan2: $IREN is up 7% going into the close.
- traderbren: $IREN - primed to push higher off the 20d.
- ZMan2: $IREN My spec $IREN is up 7% today on Mgt stating that they are seen accelerating interest in their newly procured Blackwell GPUs.
- joelsg1: @woodman $META #Power $IREN.
- joelsg1: $IREN HOD-L.
- Auto: @joelsg1 $IREN love those short squeeze's 14.5% short Int long
- bill52: @Auto $IREN Also keep an eye on $WULF which has 30% short interest. Could also be an interesting one.
- joelsg1: $IREN Trimmed earlier at $20.
- BarryC: $IREN WW
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scottrades: ...
$IREN Watch 18.60
$PAR Watch 71
$URBN Watch 72.60
$ALAB Watch 103.50
$AS Watch 40.30
Thanks for allowing me to fill Dan’s big shoes while he’s been on vacation. This is probably the longest he’s ever been away from the market that ... - Nepenthe: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS To be frank, we should thank you for taking over in his absence. I think I speak for all when I say that I've really appreciated all the timely work you've done guiding us through the market gyrations during the past two weeks. Kudos, Scott. Cheers.
- traderbren: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS - Awesome job, Scott...you've earned your Big Shoes too. Thankfully, the market has some buoyancy much like @Dan floating in the Med...to his surprise! ;-)
- Mikev200: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS A+++!
- ReneeH: @Nepenthe $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS cheers to that! thank you again!
- JGreene53079: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS Great job taking over for Dan these past couple of weeks. I really enjoy your videos and posts in the trading room. Thanks for all of your help and insight!
- stairm01: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS Great job Scott the last two weeks. I'm sorry to say that Dan may be going on more vacations now that he sees you can handle two weeks easily without him. :)
- pperlroth: @sc1ottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS you are so supportive and knowledgeable, very much appreciate YOU!
- billyzeke: @scottrades $TSLA $SPOT $MSTR $IREN $PAR $URBN $ALAB $AS Sorry I'm late replying, it's been a busy morning/early afternoon for me with appointments....Anywho, you've done a fantastic job these past two weeks! I know it was a LOT of work for you keeping up with all the goings on in market and doing all the videos and notes for both SMM and CMM andI hope now you can take a well deserved break from all this madness. :)
- joelsg1: $IREN High flag on continuing volume while $CRWV falters. Long.
- scottrades: My notes: $SPY Fresh highs $QQQ Fresh highs $IWM Support just under the 21 EMA $GLD Still going sideways $SMH Trend is up $XLF Broke above the $IBIT Let it work $VIX At the lows $SSO Working $QLD Working $GOOGLE Watch 184.35 $PLTR Still trending up. $RBLX New High $HOOD Earnings July 30 $SE Good follow through $ROAD Nice break on volume $COIN Still working $MSTR Tight near the highs $IREN High Handle Watch 18.70 $FIVE Starting to go $ANET Moving up $FOUR Nice close $APP Closed above the 50 Day $CAT Breaking out $OKLO On Dan’s ATL, working
- joelsg1: $IREN Added. See past posts for rationale.
- joelsg1: $IREN Popping, operates data centers in Canada and TX powered 100% renewable energy.
- farview: @joelsg1 $IREN 100%renewable, must be the best company by a dam site?
- joelsg1: @farview $IREN Yes, 1 facility.https://iren.com/facilities
- farview: @joelsg1 $IREN Thanks for the link.
- joelsg1: $IREN Added Sept. $17 calls to shares. As posted, renewable-powered data center plus a nice BTC mining biz generating revs to buy $NVDA's new stacks.
- dgrobo: Bitcoin miners have been running, mainly on news that $CRWV is looking to buy $CORZ for its power generation capability for AI. See $RIOT $HUT $IREN $CIFR
- dgrobo: @dgrobo $CRWV $CORZ $RIOT $HUT $IREN $CIFR Plus it doesn't hurt that bitcoin see $IBIT seems coiled to break out of a long weekly cup/handle pattern.
- bill52: $IREN $WULF $HUT $RIOT $MARA Volume on the BTC miners is truly impressive today. Fantastic to see great price action with the strong volume today. Been a while. Hopefully it continues as BTC is pushing back to the highs along with the business model of most of these miners diversifying into providing energy and data center management to AI companies. Long.
- bill52: $CORZ receiving buyout offer from $CRWV https://finance.yahoo.com/news/coreweave-talks-buy-core-scientific-163955407.html BTC miners all getting a nice bounce out of this in sympathy with the news $IREN $WULF $RIOT $MARA $HUT
- bill52: @Boogie $CLSK $RIOT Yes, the BTC miners are finally starting to look like they want to make a move higher again. I've been jumping in and out of them but the last number of days have been more productive on the chart so I'm starting to scale back in slowly on any pullbacks. These make some pretty big price swings so if you can catch them on pullbacks whether intraday or just an off day might be your best bet. I'm also tracking $WULF $IREN $MARA $HUT
- bill52: $RIOT $MARA $IREN $WULF $HUT Crypto miners getting into gear today. In and out on swing trades as they do move pretty quickly (both ways). Charts starting to look a little more productive. Watching if they can keep moving in the right direction for a longer move.
- bill52: Crypto miners have been acting pretty pathetic lately, but starting to perk up a bit this afternoon. $IREN and $CLSK looking the best of the bunch so far. Others watching: $RIOT $HUT $WULF $MARA
- champ: @bill52 $IREN $CLSK $RIOT $HUT $WULF $MARA...Yes need to be holding some Risk, for a Market-bounce and it looks like $COIN might be saying that LOD is in today, at $169.41, because that was around Entry, for many. LOL
- champ: @bill52 $IREN $CLSK $RIOT $HUT $WULF $MARA .....I'm holding $COIN $RIOT and $CLSK.....
- bill52: @champ $RIOT $CLSK Nice work. I've also been trading $RIOT along with $MSTX $IREN $WULF. Been having the best outcomes with $MSTX and $RIOT but all have some nice intraday moves if can catch right or overnight swings if they were particularly beaten down on a given day. Not always easy as they move fast.
- champ: @bill52 $RIOT $CLSK $MSTX $IREN $WULF ....I was guessing that these swings might see some nice action in the next few days, maybe even over the weekend.
- bill52: $IREN $WULF a couple BTC miners who also manage power for data centers, making another solid up move on good volume. While $MSTR is consolidating, these are making some nice continued moves. Fundamentally, these are quite solid as well especially for revenue growth. If the BTC trade continues, these could likely be more under the radar winners.
- bill52: Bitcoin miners having another good day on the coat tails of BTC. I was curious if there was much short interest on these and some have a decent amount which might give these names some extra juice with this BTC run. Here's what Finviz is showing as of today: $MARA 27% short interest (note: ER tomorrow 11/12 after bell) $RIOT 16% short interest $HUT 19% short interest (note: ER Wed, 11/13 before open) $WULF 17% short interest (note: ER tomorrow 11/12 after bell) $CORZ 13% short interest $IREN 6% short interest
- bill52: $IREN making attempt to break higher. good volume so far.
- bill52: $CAVA just keeps grinding its way higher. want to add more but tough with this continued move and ER around the corner, ER = 11/12 $HOOD looks to be getting really tight with volume drifting down. another one I'd like to add but tough to do so with ER around the corner on 10/30 $WULF massive volume. ER = 11/12 $IREN ascending wedge. volume running above average the last 8 out of 9 trading days. want to see if it can have a good close above 9.62. ER not till 11/27. worth watching.
- bill52: @MongosPawn $RIOT $IREN also trying to break higher but still struggling a bit. This is fundamentally one of the strongest crypto miners out there. Their revenue projections are crazy strong and they are profitable. I think this one has tremendous potential if BTC gets rolling. But as always....just IMHO. The market will do what it wants to do.
- bill52: $IREN making strong move into the close on above average volume. Finally might be making a breakout move from the bottom channel.
- scottrades: $IREN Above all the MAs
- Aibistin-1: @scottrades $IREN Investors Business Daily has a good article about how Bitcoin Miners like $IREN and $CORZ are diversifying to AI. https://www.investors.com/news/bitcoin-miners-stocks-ai-data-centers/?src=A00220
- bill52: $IREN BTC miner making a strong move above the 50ema on volume. Noteworthy that it has not been above the 50 since Aug 29 (but did not close above) and has not closed above the 50 since Jul 19. Have a small position to keep on the radar and want to see how it closes today as might be signal of change of direction.
- BocaRick: @bill52 $IREN #FWIW IBD article listed $IREN and $CORZ as the leading $BTC miners who are selling excess power to $AI corporations
- bill52: @BocaRick $IREN $CORZ $BTC $AI #FWIW Great point and I read the same article. Definitely will help diversify their business.
- MongosPawn: $IREN Gap and go on earnings report last night.
- bill52: @scottrades $MSTR BTC getting into gear and blowing through the 50ema. GiddyUp! $CLSK $HUT $IREN $RIOT crypto miners starting to move as well
- bill52: $IREN arguably one of the best crypto miners from a fundies perspective. ugly pull back, but has been sitting really tight the past week right on the 200 on lower volume. small position for watching. could be interesting one if BTC starts getting its act together back towards 70k.
- sgiseller: @bill52 $IREN are we looking at the same chart, downward slope with no forgiveness
- bill52: @sgiseller $IREN yes, ugly pull back, but look at the last 5 trading days sitting basically right on the 200 and corresonds with the prior resitatnce points back in May, Feb and Dec
- scottrades: My notes: $SPY /$QQQ Market closes early tomorrow $IWM Just under the 50 $DXY Rising Wedge $TNX At the 50 Day $SMH Holding the 21 EMA on low volume $XLK Support at the 21 EMA $IGV Close to the 2021 highs $IBIT Inflows back to positive. Tom Lee says 150K $ETHE ETFs should come this month $TSLA Power Gap $NVDA Holding the 21 EMA $AMZN 200 $SMCI See Dan’s note $AMD Great volume $ARM Support at the 21 EMA $AMAT Above the MAs $TSM Looks the same $LRCX Short flag $GOOGL Watch 186 $PANW Short base $NFLX New season of Perfect Match out now. $CYBR Watch 274 $PLTR Unable to hold the daily gains. $IREN Crypto stock $CORZ Above all the MAs $MARA Inside day $CLSK Watch 18.50
- dgrobo: $IREN bitcoin miner ripping 3rd day in a row
- dgrobo: bitcoin down, bitcoin miner $iren strong. head scratcher.
- dgrobo: Scott, do you have any insight why bitcoin $IREN chart is so strong vs the other miners?
- scottrades: @dgrobo $IREN I read it got an upgrade recently and an Overweight rating from Cantor Fitzgerald. Watch that 8EMA...
- Henry: @dgrobo $IREN Cantor gave them a $23 pt today and they are 11.73 right here right now
| Stock Price | $46.45 |
| Change | 5.66% |
| Volume | 36,566,700 |
Iris Energy Ltd is a bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
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