Iris Energy Ltd
NASDAQ:IREN

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Iris Energy Ltd
NASDAQ:IREN
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Price: 11.81 USD 3.46% Market Closed
Market Cap: 2.2B USD
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Iris Energy Ltd
Change in Working Capital

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Iris Energy Ltd
Change in Working Capital Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Change in Working Capital CAGR 3Y CAGR 5Y CAGR 10Y
Iris Energy Ltd
NASDAQ:IREN
Change in Working Capital
$5m
CAGR 3-Years
42%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Iress Ltd
ASX:IRE
Change in Working Capital
AU$63.8m
CAGR 3-Years
-15%
CAGR 5-Years
-11%
CAGR 10-Years
0%
WiseTech Global Ltd
ASX:WTC
Change in Working Capital
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
TechnologyOne Ltd
ASX:TNE
Change in Working Capital
AU$7m
CAGR 3-Years
214%
CAGR 5-Years
N/A
CAGR 10-Years
15%
Nuix Ltd
ASX:NXL
Change in Working Capital
AU$63k
CAGR 3-Years
55%
CAGR 5-Years
-2%
CAGR 10-Years
N/A
Altium Ltd
ASX:ALU
Change in Working Capital
$2.4m
CAGR 3-Years
85%
CAGR 5-Years
56%
CAGR 10-Years
36%
No Stocks Found

Iris Energy Ltd
Glance View

Market Cap
2.3B USD
Industry
Technology

Iris Energy Ltd. emerges as a prominent player in the rapidly evolving landscape of digital currency mining, driving forward with a laser focus on sustainable energy use. Founded by entrepreneurial brothers, Daniel and Will Roberts, the company is rooted in the conviction that the future of cryptocurrency mining lies in harnessing renewable energy sources. They operate large-scale, energy-efficient data centers across multiple locations, strategically situated to tap into abundant, low-cost green energy. This approach not only mitigates operational costs but also aligns with growing environmental concerns, setting Iris Energy apart in an industry often criticized for its carbon footprint. By leveraging hydropower and other renewable sources, the company ensures that each Bitcoin mined is done so with a minimal environmental impact, thus responding to the market's increasing demand for sustainable business practices. Financially, Iris Energy generates revenue primarily through the mining of Bitcoin, a decentralized digital currency that rewards miners for processing transactions and securing the network. The company capitalizes on its agile infrastructure and strategic partnerships to optimize mining efficiency and reduce energy costs. This effective synergy between advanced technology and sustainable energy gives Iris Energy a competitive edge in maximizing profitability. Furthermore, by focusing on regions with surplus renewable energy, the company not only stabilizes energy grids but also benefits from low operational expenses. As the Bitcoin market continues to mature, Iris Energy's commitment to sustainability and efficiency positions it to thrive amid both economic and environmental challenges.

IREN Intrinsic Value
21.46 USD
Undervaluation 45%
Intrinsic Value
Price

See Also

What is Iris Energy Ltd's Change in Working Capital?
Change in Working Capital
5m USD

Based on the financial report for Jun 30, 2024, Iris Energy Ltd's Change in Working Capital amounts to 5m USD.

What is Iris Energy Ltd's Change in Working Capital growth rate?
Change in Working Capital CAGR 3Y
42%

Over the last year, the Change in Working Capital growth was -17%. The average annual Change in Working Capital growth rates for Iris Energy Ltd have been 42% over the past three years .

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