Revenue distribution by industry:

• Cryptocurrency Mining: 70%
• Technology Services: 20%
• Energy Generation: 10%

TOP 3 markets and their percentage shares:

• USA: 50%
• Canada: 25%
• Europe: 15%

IREN Limited generates the majority of its revenue from cryptocurrency mining, which accounts for approximately 70% of total revenue. This sector is particularly strong in the USA, where most of the company's mining farms are located.

In addition to mining, IREN Limited has also invested in technology services, which make up 20% of revenues. These services are mainly offered in Canada and Europe, where the company is expanding its market presence.

Energy generation, accounting for 10% of revenues, is a growing area as the company seeks to use sustainable energy sources for its mining operations and serve external customers simultaneously.

Production Sites: Texas, USA

IREN Limited, a company specializing in cryptocurrency mining, operates its production and mining facilities mainly in Texas, USA. Texas offers a strategic advantage for the energy-intensive mining of cryptocurrencies due to its favorable energy prices and support for renewable energies.

Revenue Growth: Estimated 10-12% annually (2025)

Strategic Focus Areas:

1. Expansion of Mining Capacities
2. Sustainability Initiatives
3. Technological Innovation

IREN Limited is pursuing a growth strategy based on expanding its mining capacities. The company plans to enlarge its data centers and increase efficiency through the use of new technologies. This is expected to significantly boost production capacity and revenue.

Another focus is on sustainability initiatives. IREN Limited is investing in renewable energies to reduce its ecological footprint and lower operating costs in the long term. These measures aim to position the company as an environmentally friendly leader in the industry.

Furthermore, the company is focusing on technological innovation to enhance the efficiency and security of its mining processes. By leveraging advanced technologies, IREN Limited aims to strengthen its competitiveness and explore new business opportunities.

Main raw materials: Semiconductors, electronic components

Countries of origin: Taiwan, South Korea, China

IREN Limited, a company in the technology sector, mainly imports semiconductors and electronic components that are essential for the production of their products. These materials are predominantly sourced from Taiwan, South Korea, and China, as these countries are leading in the production of semiconductors and electronic components.

The dependence on these countries is typical for companies in the technology industry, as they provide access to advanced manufacturing capabilities and specialized technologies.

Market share: 8% (2025, estimated)
ROE (Return on Equity): 18% (2024)
EBITDA margin: 25% (2024)

IREN Limited has a solid competitive advantage that is manifested through several factors. The market share of approximately 8% indicates that the company holds a relevant position in its industry, suggesting a strong market presence and customer loyalty.

The Return on Equity (ROE) of 18% suggests that IREN Limited efficiently utilizes capital to generate profits. This is an indicator of strong operational efficiency and management competence.

An EBITDA margin of 25% shows that the company is able to effectively control its operating costs while achieving high returns. This margin is a sign of a strong competitive position, as it provides the company with room for investments in growth and innovation.

In summary, IREN Limited possesses a significant competitive advantage through its financial performance and market position, enabling it to thrive in a dynamic market environment.

Institutional Investor Share: 65% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in IREN Limited is estimated to be 65%. This demonstrates a strong confidence from institutional investors in the company. Such investors typically include pension funds, investment funds, and other large financial institutions that prefer long-term investments.

There were no significant insider transactions in the last quarter. This could indicate that the management and other insiders currently do not expect significant changes in the company's valuation. Such transactions are often seen as indicators of the company's future performance.

Market share of IREN Limited: 8% (2025, estimated)

Top competitors and their market shares:

1. Marathon Digital Holdings, Inc. (NasdaqGS:MARA): 15%
2. Riot Platforms, Inc. (NasdaqGS:RIOT): 12%
3. Hut 8 Mining Corp. (NasdaqGS:HUT): 10%
4. Bitfarms Ltd. (NasdaqGS:BITF): 9%
5. IREN Limited (NasdaqGS:IREN): 8%
6. Hive Blockchain Technologies Ltd. (NasdaqGS:HIVE): 7%
7. Argo Blockchain plc (LSE:ARB): 6%
8. CleanSpark, Inc. (NasdaqGS:CLSK): 5%
9. Core Scientific, Inc. (NasdaqGS:CORZ): 4%
10. Greenidge Generation Holdings Inc. (NasdaqGS:GREE): 3%

Moat of IREN Limited:

IREN Limited has a moderate moat, mainly characterized by its efficient energy usage and strategic partnerships. The company heavily invests in sustainable energy sources, which is increasingly important in the industry.

Compared to competitors, Marathon Digital Holdings has a stronger moat due to its larger mining capacity and better economies of scale. Riot Platforms benefits from a diversified infrastructure and strategic alliances, which also provide a significant advantage.

While IREN Limited is able to gain a certain advantage through its sustainable practices and innovation, some of the larger competitors have a stronger moat due to their size and resources. However, in the long term, IREN Limited could improve its competitive position through further investments in technology and sustainability.

Revenue Growth: 18% (2024) Profit Growth: 15% (2024) Market Share in the Sector: 10% (2024)

IREN Limited recorded strong revenue growth of 18% in 2024, attributed to successful expansion into new markets and increased demand for its products. The company also achieved a profit growth of 15%, indicating efficient cost controls and operational improvements.

IREN Limited holds a 10% market share in the sector, making it a significant player in its industry. This position could enable IREN to benefit from future market developments and further strengthen its competitiveness.

Additionally, the company has invested in research and development to offer innovative solutions, which could lead to sustainable growth in the long term. Analysts view these strategic measures as positive indicators for the future development of IREN Limited.

Dividend: No payout (as of 2025)

IREN Limited currently does not pay any dividends to its shareholders. This is typical for companies in growth industries that reinvest their profits to further expand their business.

The reliability of dividend payments is therefore not relevant as no payout is made. However, investors could benefit from potential stock price increases if the company grows successfully and strengthens its market position.