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IREN

IREN

Energy & Infrastructure · AI & Compute Infrastructure · Energy & Power Infrastructure

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IREN Stock Infrastructure Analysis

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Market Price

$34.80

End-of-day price · Oct 12, 2026

Northwise Valuation

Premium investment conclusions

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Weighted Target · PremiumExpected CAGR · PremiumNorthwise Rating · PremiumScenario Valuation · Premium

The interactive forecast shows its workbook assumption date and any labelled alpha assumptions. Its baseline may differ from this published model.

Financial Model

IREN Financial Model

Structured Northwise model framework, scenario architecture, and revision history. Investment conclusions and valuation outputs are reserved for Premium members.

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IREN September 2026 expanded model

Published Oct 2, 2026 · XLSX · 368 KB

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Current Revision

Sep 30, 2026

2026-10-01 IREN shareholder economics model

Model Horizon

Dec 2030

Scenarios

3

Dynamic scenario framework

Model History

2 published revisions

First model · Jul 25, 2026

Scenario Valuation

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Valuation Framework

Methods currently used by the published Northwise model. Methodology is public. Valuation outputs remain protected.

Discounted Cash FlowARR MultipleEV/EBITDA

Latest Model Report

IREN data center cutaway showing power infrastructure passing through build, funding and delivery gates to per-share value.
Model Report · FreePublished

IREN Stock Dilution: Can the Build Reach Shareholders?

IREN stock analysis of AI growth, funding and dilution through 2030. Read our full valuation, 27 scenarios and price zones free. Excel model is Premium.

Primary Northwise model research for IREN

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Recent Research

More Northwise Research on IREN

All IREN research →
IREN infrastructure overview: power, infrastructure and compute are distinct steps in the transition to AI services.
Research Note · Free

IREN Stock Infrastructure Analysis

Published · Updated

Explore IREN data centers in Canada, the US, Australia and Spain, with site studies and clear distinctions between planned power and delivered AI capacity.

IREN Oklahoma Site
Research Note · Free

Iren Oklahoma Site

Published · Updated

Kiowa, Oklahoma: IREN’s 1.6 GW planned power position, development timing and the remaining delivery dependencies.

IREN Canal Flats Site Northwise
Research Note · Free

Iren Canal Flats Site

Published · Updated

Canal Flats: IREN’s 30 MW Canadian campus, existing infrastructure and planned liquid-cooled AI expansion.

IREN Sweetwater Site Northwise
Research Note · Free

Iren Sweetwater Site

Published · Updated

Sweetwater: the two-site 2 GW development, energized substation, 300 MW construction phase and conditional Batch Zero status.