Bitcoin miner
Bitcoin miner where fleet expansion, power costs, production updates, and BTC exposure frame equity risk.
What changed
$IREN posted five 8-Ks between May 11 and Jun 1, 2026, against a 90-day baseline median of zero per 30 days. Three of the five are tagged material agreement (May 14, May 26, Jun 1), with two other-event 8-Ks on May 11 and May 12.
$IREN filed five 8-Ks between May 11 and Jun 1, 2026, three flagged as material agreements, against a 90-day baseline median of zero non-routine filings per 30 days. The cluster includes 8-Ks on Jun 1, May 26, May 14, May 12, and May 11.
Signal summary
Scores summarize filing, market, ownership, and exposure records for research prioritization.
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Recent material agreement disclosure · Recent material agreement disclosure
Degree of Bitcoin exposure relative to entity type
Key inputs: Bitcoin mining operations
Net insider buying/selling pattern and cluster activity
Key inputs: 0 insider transaction clusters · 0 Form 4 transactions
Directional signal from recent SEC event categorizations
Key inputs: 8 recent SEC filings · 6 fresh source updates
Delayed quote
Session timestamp: Jun 5, 2026, 9:30 PM
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Jun 30, 2025. 2 metrics include a prior-period comparison.
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 501.02M USD | Jun 30, 2025 | — | — |
| Net income | -18.62M USD | Mar 31, 2026 | -155.41M USD | +136.78M USD (88.0%) |
| Operating income | -426.33M USD | Mar 31, 2026 | -192.81M USD | -233.52M USD (-121.1%) |
Form 4 context
Recent insider transaction activity
The 30, 90, and 365 day windows are measured backward from the newest Form 4 row loaded for this ticker. “Acquired” and “Disposed” are the Form 4 share-direction fields; they are not a Sawse conclusion about insider intent.
A cluster groups related Form 4 rows with the same transaction direction and code inside a weekly date window. Sawse flags a group as a cluster when it has multiple rows, multiple reporting owners, or at least 100,000 reported shares.
Cluster filter
Use clusters to inspect grouped Form 4 activity without scrolling through the full table.
Unclustered single rows remain in the table when All groups is selected.
9 transaction rows match the active filters; 9 rows are shown.
| Insider | Role | Group | Direction | Shares | Dollar value | Date |
|---|---|---|---|---|---|---|
| Roberts Daniel John | Co-Chief Executive Officer, director, officer | Cluster 1 | Disposed | 1,000,000 | $33.13M | Sep 11, 2025 |
| Roberts William Gregory | Co-Chief Executive Officer, director, officer | Cluster 1 | Disposed | 1,000,000 | $33.13M | Sep 11, 2025 |
| Roberts William Gregory | Co-Chief Executive Officer, director, officer | Cluster 2 | Disposed | 500,000 | $11.76M | Sep 4, 2025 |
| Roberts Daniel John | Co-Chief Executive Officer, director, officer | Cluster 2 | Disposed | 500,000 | $11.76M | Sep 4, 2025 |
| Roberts William Gregory | Co-Chief Executive Officer, director, officer | Cluster 2 | Disposed | 500,000 | $12.74M | Sep 3, 2025 |
| Roberts Daniel John | Co-Chief Executive Officer, director, officer | Cluster 2 | Disposed | 500,000 | $12.74M | Sep 3, 2025 |
| Guzowski Christopher | director | Cluster 3 | Acquired | 39,168 | $0 | Jul 1, 2025 |
| Roberts William Gregory | Co-Chief Executive Officer, director, officer | Cluster 3 | Acquired | 1,793,392 | $0 | Jul 1, 2025 |
| Bartholomew David James | director | Cluster 3 | Acquired | 48,960 | $0 | Jul 1, 2025 |
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Loaded filings
Of loaded 13F shares
Only 8 loaded
Only 8 loaded
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| Baillie Gifford & CoPosition and value moved | Mar 2026 | 80.12K | 0.02% | $2.75B | Position-48.83KValue-$2.12B |
| Baillie Gifford & CoPosition and value moved | Mar 2026 | 194.25K | 0.05% | $6.66B | Position+65.3KValue+$1.79B |
| Baillie Gifford & CoPosition and value moved | Mar 2026 | 380.59K | 0.11% | $13.05B | Position+251.64KValue+$8.18B |
| Bank of America CorpPosition and value moved | Mar 2026 | 873.94K | 0.24% | $29.96B | Position+870.01KValue+$29.81B |
| Bank of America CorpPosition and value moved | Mar 2026 | 1.23M | 0.35% | $42.33B | Position+1.23MValue+$42.18B |
| Bank of America CorpPosition and value moved | Mar 2026 | 29.98K | 0.01% | $1.03B | Position+26.05KValue+$879.1M |
| Bridgewater Associates, LPPosition and value moved | Mar 2026 | 720.92K | 0.20% | $24.71B | Position+444.24KValue+$14.26B |
| Baillie Gifford & CoPosition and value moved | Mar 2026 | 174.21K | 0.05% | $5.97B | Position+45.26KValue+$1.1B |
Bitcoin mining operations
IREN's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
| Title | Type |
|---|---|
| IREN's 10-K lands with ceiling-level filing risk and a stock that has already moved | Filing Summary |
| IREN launches $875 million convertible note offering alongside $1 billion ATM disclosure | Filing Summary |
| IREN signs a $9.7 billion GPU deal with Microsoft, and the company is no longer just a Bitcoin miner | Filing Summary |
| IREN's 10-Q lands with ceiling-level filing risk and a stock that has already repriced | Filing Summary |
| IREN's November 8-K lands with ceiling-level filing signals and a stock that has already moved | Filing Summary |
| IREN pairs a convertible note offering with a share sale to retire existing debt | Filing Summary |
| $IREN filed five 8-Ks in 30 days after a quiet quarter | Observation |
| $IREN 8-K cadence jumped to 5 in 30 days | Observation |
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|---|
| $IRENIREN | Bitcoin miner | 501.02M | 100 | 80 | 50 | 100 |
| $MARAMARA Holdings | Bitcoin miner | 174.61M | 100 | 80 | 30 | 100 |
| $RIOTRiot Platforms | Bitcoin miner | 167.22M | 100 | 80 | 25 | 100 |
| $CLSKCleanSpark | Bitcoin miner | 766.31M | 100 | 80 | 50 | 100 |
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.