Iris Energy (Iris Energy) Market Cap : $1,543.5 Mil (As of Jun. 10, 2024)

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What is Iris Energy Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Iris Energy's share price for the quarter that ended in Mar. 2024 was $5.4. Iris Energy's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 138.4 Mil. Therefore, Iris Energy's market cap for the quarter that ended in Mar. 2024 was $747.4 Mil.

Iris Energy's quarterly market cap increased from Jun. 2023 ($301.7 Mil) to Dec. 2023 ($694.3 Mil) and increased from Dec. 2023 ($694.3 Mil) to Mar. 2024 ($747.4 Mil).

Iris Energy's annual market cap increased from Jun. 2021 ($0.0 Mil) to Jun. 2022 ($177.6 Mil) and increased from Jun. 2022 ($177.6 Mil) to Jun. 2023 ($301.7 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Iris Energy's Enterprise Value for Today is $1,282.1 Mil.

Iris Energy Market Cap Historical Data

The historical data trend for Iris Energy's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Iris Energy Market Cap Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Market Cap

177.65

301.72

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial									68.73	168.25	301.72	694.34	747.42

Competitive Comparison of Iris Energy's Market Cap

For the Capital Markets subindustry, Iris Energy's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iris Energy's Market Cap Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's Market Cap distribution charts can be found below:

* The bar in red indicates where Iris Energy's Market Cap falls into.

Iris Energy Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Iris Energy's Market Cap for the fiscal year that ended in Jun. 2023 is calculated as

Market Cap (A: Jun. 2023 )	=	Share Price (A: Jun. 2023 )	*	Shares Outstanding (EOP) (A: Jun. 2023 )
	=	$4.66	*	64.7475
	=	$301.7

Iris Energy's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	$5.4	*	138.412
	=	$747.4

Iris Energy (NAS:IREN) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Iris Energy Market Cap Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Market Cap

Comparable Companies

Traded in Other Exchanges

F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.