IREN Stock — IREN Ltd.

IREN Ltd. (IREN)

IREN is a low-cost Stock. Fund total return is 45.0% over the past 4.8 years, 30.3 points behind SPY at 75.3%.

IREN Limited operates a vertically integrated data center business in Australia and Canada, owning and operating computing hardware, electrical infrastructure, and data centers while also mining Bitcoin. The company does not currently have a regular distribution frequency. This operating company appeals primarily to investors seeking exposure to digital asset mining and data center infrastructure rather than income-focused investors.

IREN performance versus SPY

Data as of August 28, 2026.

Fund total return is 45.0% over the past 4.8 years, 30.3 points behind SPY at 75.3%. Its deepest 1-year drawdown was 61.6%.

IREN key facts

Data as of August 28, 2026.

Asset type

Stock

Asset class

Equity

Inception date

11/17/2021

Distribution frequency

None

Last close

$35.45

Market cap

$14,145,049,600

Average volume

89323370.0

Beta

4.302

Payout ratio

0.0

P/E ratio

54.9722

Forward P/E

136.9863

EPS

$0.72

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IREN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 61.6%.

Who may consider IREN — and who may not

IREN may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (IREN does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions