IREN
IREN is a challenger in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Australia. Its key suppliers include NVIDIA, Dell Technologies, Super Micro Computer. Its key customers include Amazon (Annapurna Labs), Microsoft, Alphabet (Google).
Builds and operates data centers for AI compute and bitcoin mining.
- Ticker
- NASDAQ: IREN
- Headquarters
- Australia
- Revenue
- $501M (FY2025)
- Net income
- $87M
- Operating margin
- 3.5%
- Market position
- challenger
- Value-chain segment
- Data Center Operators (Colo), GPU Clouds (Neoclouds)
- Key products
- AI / HPC data-center hosting, Bitcoin mining operations, Liquid-cooled data-center infrastructure, IREN AI data centers, Power infrastructure and renewable energy sourcing
About IREN
IREN, headquartered in Australia, operates in the Data Center Operators (Colo) and GPU Clouds (Neoclouds) segments of the semiconductor & AI supply chain and is positioned as a market challenger there. Its key products include AI / HPC data-center hosting, Bitcoin mining operations, Liquid-cooled data-center infrastructure, IREN AI data centers, Power infrastructure and renewable energy sourcing. wafergraph maps 7 tracked suppliers and 5 tracked customers for IREN across the value chain. It has a supply-chain criticality score of 7/100, with 19 companies downstream of it.
Key products
- AI / HPC data-center hosting
- Bitcoin mining operations
- Liquid-cooled data-center infrastructure
- IREN AI data centers
- Power infrastructure and renewable energy sourcing