Iris Energy

IREN • NASDAQ

Iris Energy is a financial - capital markets company in the financial services sector on NASDAQ, led by Daniel Roberts, with a market cap of $12.7B. As of Q3 2025, 47% of shares are held by 337 institutional investors, with JANE STREET GROUP, LLC as the largest holder at 4.31%.

Co-Chief Executive Officer and DirectorDaniel Roberts

Market Cap$12.7B

Financial - Capital Markets

Financial Services

Employees100.0

Websiteirisenergy.co

Overview

Overview of institutional ownership in IREN as of Q3 2025 with a market cap of $12.8B

All Institutions

Institutions: 337
Value Held: $6.1B
Shares Held: 128.9M
Avg Position: $18.0M
Median Position: $938.6K

Hedge Funds

Hedge Funds: 53
Value Held: $1.7B
Shares Held: 36.6M
Avg Position: $32.4M
Median Position: $6.7M

Ownership Breakdown

Institutional (non-HF)

33.97%

$4.3B

Hedge Funds

13.46%

$1.7B

Retail & Other

52.57%

$6.7B

Based on market cap of $12.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in IREN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
J JANE STREET GROUP, LLC Institution	-	$549.6M 0.65% of portfolio	4.31% 11.7M shares	Q3 2023 Held for 2y 2m	$84.1B
D D. E. Shaw & Co., Inc. Institution	-	$503.0M 0.43% of portfolio	3.94% 10.7M shares	Q4 2024 Held for 11 months	$115.81B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$369.9M 0.08% of portfolio	2.90% 7.9M shares	Q4 2023 Held for 1y 11m	$488.50B
S Situational Awareness LP Hedge Fund•Sector	Leopold Nmn Aschenbrenner CIO	$338.9M 16.50% of portfolio	2.65% 7.2M shares	Q1 2025 Held for 8 months	$2.1B
CITIGROUP INC Institution	Jane Fraser CEO	$301.7M 0.21% of portfolio	2.36% 6.4M shares	Q2 2024 Held for 1y 5m	$144.32B
B BIT Capital GmbH Institution	-	$271.9M 12.40% of portfolio	2.13% 5.8M shares	Q2 2022 Held for 3y 5m	$2.2B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$241.4M 0.39% of portfolio	1.89% 5.1M shares	Q2 2023 Held for 2y 5m	$62.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$211.6M 0.01% of portfolio	1.66% 4.5M shares	Q4 2021 Held for 3y 11m	$1.65T
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	David Michael Field Managing Partner	$181.8M 4.19% of portfolio	1.42% 3.9M shares	Q2 2025 Held for 5 months	$4.3B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$162.7M 0.13% of portfolio	1.27% 3.5M shares	Q1 2023 Held for 2y 8m	$122.08B

Net Capital Flow

Institutional buying and selling activity for IREN in Q3 2025

Traded: +$106.7M
Buyers: 243
Sellers: 118
Total Bought: +$2.5B
Total Sold: −$2.4B
Avg Position: $16.1M

Biggest Buyers

Institution	Net Bought	Current Position
D D. E. Shaw & Co., Inc. Institution	+$503.0M +10.7M shares	$503.0M 10.7M shares
WELLS FARGO & COMPANY/MN Institution	+$340.4M +7.3M shares	$369.9M 7.9M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$197.5M +4.2M shares	$241.4M 5.1M shares
CITIGROUP INC Institution	+$159.4M +3.4M shares	$301.7M 6.4M shares
J JANE STREET GROUP, LLC Institution	+$157.6M +3.4M shares	$549.6M 11.7M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$72.5M +1.5M shares	$77.6M 1.7M shares
Marshall Wace LLP Institution	+$67.9M +1.4M shares	$95.4M 2.0M shares
M MIRAE ASSET SECURITIES INC. Institution	+$54.5M +1.2M shares	$54.5M 1.2M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$50.4M +1.1M shares	$50.4M 1.1M shares
LEUCADIA NATIONAL CORP Institution	+$49.9M +1.1M shares	$155.4M 3.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
B BIT Capital GmbH Institution	−$489.9M −10.4M shares	$271.9M 5.8M shares
FMR LLC Institution	−$307.4M −6.5M shares	$99.7M 2.1M shares
Hood River Capital Management LLC Long Only Manager	−$237.8M −5.1M shares	$1.3M 28.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$181.4M −3.9M shares	$87.2M 1.9M shares
G GROUP ONE TRADING, L.P. Institution	−$160.5M −3.4M shares	$143.7M 3.1M shares
VAN ECK ASSOCIATES CORP ETF Provider	−$98.6M −2.1M shares	$31.4M 668.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$81.0M −1.7M shares	$162.7M 3.5M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$62.3M −1.3M shares	$6.5M 138.7K shares
C CastleKnight Management LP Hedge Fund•Event Driven	−$59.8M −1.3M shares	$22.0M 469.4K shares
J Jump Financial, LLC Institution	−$57.9M −1.2M shares	$847.7K 18.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited IREN in Q3 2025

New Positions: 141
New Value: $327.3M
Exited Positions: 39
Exited Value: $117.9M

New Positions

Institution	Position Value
M MIRAE ASSET SECURITIES INC. Institution	$54.5M 1.2M shares
Park West Asset Management LLC Hedge Fund•Multi-Strategy	$32.0M 681.1K shares
B BAILLIE GIFFORD & CO Institution	$26.4M 563.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$24.2M 515.2K shares
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$24.1M 513.0K shares
Shaolin Capital Management LLC Hedge Fund•Multi-Strategy	$18.1M 386.7K shares
MEITAV DASH INVESTMENTS LTD RIA/Wealth	$15.0M 320.0K shares
Voleon Capital Management LP Hedge Fund•Quant	$10.9M 231.8K shares
T Tricadia Capital Management, LLC Hedge Fund•Distressed	$10.3M 220.0K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	$6.4M 135.4K shares

Exited Positions

Institution	Previous Position
Merewether Investment Management, LP Hedge Fund•Sector	$21.0M 1.4M shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$15.3M 1.0M shares
A Amitell Capital Pte Ltd Institution	$14.3M 979.2K shares
T Two Seas Capital LP Hedge Fund•Event Driven	$14.2M 971.9K shares
SUNRISE PARTNERS LIMITED PARTNERSHIP /CT Hedge Fund•Multi-Strategy	$6.8M 463.7K shares
X-Square Capital, LLC Long Only Manager	$6.4M 436.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$6.1M 419.0K shares
B Beryl Capital Management LLC Hedge Fund•Event Driven	$5.8M 400.0K shares
Ardmore Road Asset Management LP Hedge Fund•Long/Short	$4.2M 288.9K shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	$2.7M 184.9K shares

Options Activity

Institutions with the largest Call and Put options positions in IREN as of Q3 2025

Call Positions: 48
Call Value: $2.9B
Put Positions: 48
Put Value: $4.0B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$737.6M 157.2K contracts
J JANE STREET GROUP, LLC Institution	$565.7M 120.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$423.5M 90.2K contracts
LEUCADIA NATIONAL CORP Institution	$337.4M 71.9K contracts
W WOLVERINE TRADING, LLC Institution	$168.4M 36.7K contracts
Walleye Trading LLC RIA/Wealth	$106.5M 22.7K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$78.0M 16.6K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$72.3M 15.4K contracts
D D. E. Shaw & Co., Inc. Institution	$71.6M 15.3K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$66.4M 14.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$789.3M 168.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$597.3M 127.3K contracts
LEUCADIA NATIONAL CORP Institution	$494.3M 105.3K contracts
J JANE STREET GROUP, LLC Institution	$404.8M 86.3K contracts
WELLS FARGO & COMPANY/MN Institution	$355.8M 75.8K contracts
Walleye Trading LLC RIA/Wealth	$287.1M 61.2K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$247.3M 52.7K contracts
D D. E. Shaw & Co., Inc. Institution	$112.2M 23.9K contracts
W WOLVERINE TRADING, LLC Institution	$88.0M 19.2K contracts
Caption Management, LLC Hedge Fund•Long/Short	$64.1M 13.7K contracts

Most Committed Institutions

Institutions with IREN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Situational Awareness LP Hedge Fund•Sector	Leopold Nmn Aschenbrenner CIO	16.50% $338.9M	2.65% 7.2M shares	Q1 2025 Held for 8 months	$2.1B
EAM Global Investors LLC Long Only Manager	Derek John Gaertner CEO	14.60% $3.5M	0.03% 73.6K shares	Q3 2025 Held for 2 months	$23.6M
B BIT Capital GmbH Institution	-	12.40% $271.9M	2.13% 5.8M shares	Q2 2022 Held for 3y 5m	$2.2B
T Timelo Investment Management Inc. Institution	-	10.05% $6.0M	0.05% 127.0K shares	Q3 2025 Held for 2 months	$59.3M
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Hedge Fund•Global Macro	Nicholas Michael Squitieri CFO	8.66% $158.0M	1.24% 3.4M shares	Q4 2024 Held for 11 months	$1.8B
T Tricadia Capital Management, LLC Hedge Fund•Distressed	Mark Stephen Black CIO	6.46% $10.3M	0.08% 220.0K shares	Q3 2025 Held for 2 months	$159.9M
Proem Advisors LLC Hedge Fund•Long/Short	Thomas Edward Schmidt CEO	4.46% $18.5M	0.15% 395.0K shares	Q2 2025 Held for 5 months	$415.8M
G GROUP ONE TRADING, L.P. Institution	-	4.31% $143.7M	1.13% 3.1M shares	Q1 2024 Held for 1y 8m	$3.3B
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	David Michael Field Managing Partner	4.19% $181.8M	1.42% 3.9M shares	Q2 2025 Held for 5 months	$4.3B
Shaolin Capital Management LLC Hedge Fund•Multi-Strategy	David Barry Puritz CIO	4.03% $18.1M	0.14% 386.7K shares	Q3 2025 Held for 2 months	$449.9M

Hedge Fund Spotlight

Discover hedge funds investing in IREN

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in Iris Energy

Market Value: $48.7M
Shares Held: 1.0M
Portfolio Weight: 0.03%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%