Loss-Making Iris Energy Limited (NASDAQ:IREN) Set To Breakeven [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
Iris Energy Limited owns and operates bitcoin mining data centers. The US$1.5b market-cap company's loss lessened since it announced a US$172m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$8.8m, as it approaches breakeven. The most pressing concern for investors is Iris Energy's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. Check out our latest analysis for Iris Energy Consensus from 7 of the American Software analysts is that Iris Energy is on the verge of breakeven. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$4.3m in 2024. The company is therefore projected to breakeven around 12 months from now or less. How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2024? Working backwards from analyst estimates, it turns out that they expect th
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IREN
News
- IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENPR Newswire
- IREN achieves 20 EH/s milestoneGlobeNewswire
- IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENPR Newswire
IREN
Sec Filings
- 9/23/24 - Form 6-K
- 9/17/24 - Form 144
- 9/16/24 - Form 6-K
- IREN's page on the SEC website