IREN Stock — IREN Ltd.

IREN Ltd. (IREN)

Updated October 16, 2026.

IREN is a Stock. Total return is 10.4% over the past 4.9 years, 63.9 points behind SPY at 74.3%.

IREN Limited is a vertically integrated AI cloud services platform operating data centers in Australia and Canada, offering compute infrastructure (GPUs, CPUs, servers, and storage) and managed software services for AI workloads, along with Bitcoin mining operations. The company's distribution profile is not established. This business appeals to investors seeking exposure to AI infrastructure and computational services rather than traditional dividend income.

IREN performance versus SPY

Price and return data through 2026-10-16.

Total return is 10.4% over the past 4.9 years, 63.9 points behind SPY at 74.3%. Over the past year its total return — price change plus distributions reinvested — is -56.3%. Its deepest 1-year drawdown was 64.7%.

IREN key facts

Asset type

Stock

Asset class

Equity

Inception date

11/17/2021

Distribution frequency

None

Last close

$26.99 (as of 2026-10-16)

Market cap

$10,635,642,910

Average volume

67813888.0

Beta

4.271

Payout ratio

0.0%

Forward P/E

136.9863

EPS

$-1.95

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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 64.7%.

Who may consider IREN — and who may not

It is a weaker fit for investors who need monthly cash flow (IREN does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on IREN

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Tagged: Financials.

Frequently asked questions