IREN Limited (IREN) is a NASDAQ-listed Bitcoin mining and high-performance computing company generating over $400 million in mining revenue over the six months ended 12/31/2025, with operations that are materially dependent on Bitcoin price. Formerly incorporated in Australia as Iris Energy Limited, the company rebranded to IREN Limited and transitioned its financial reporting from IFRS to US GAAP as of 06/30/2025, reflecting its evolution into a large accelerated filer on the Nasdaq Global Select Market. The company is expanding into AI Cloud Services and data center colocation in addition to its core Bitcoin mining operations, with Co-Founders Daniel Roberts and William Roberts serving as Co-Chief Executive Officers.

What is IREN's DredgeCap risk score?

DredgeCap's AI analysis rates IREN at 5.5/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does IREN have a going concern warning?

No current auditor going-concern warning is flagged in IREN's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did IREN last file with the SEC?

IREN's most recent SEC filing was a 8-K filed 2026-02-05. All filings are available on SEC EDGAR.

IREN Stock Risk Score: 5.5/10 (Moderate)

DREDGECAP

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All content on DredgeCap is AI-generated from publicly available SEC EDGAR filings and may contain errors, omissions, or misinterpretations. See our methodology for how risk scores are computed. This is not investment advice. Do not buy, sell, or hold any security based solely on information found here. Always verify with original SEC filings and consult a licensed financial advisor.