13 High Growth International Stocks to Buy Right Now

Page 5 of 12

8. Iris Energy Limited (NASDAQ:IREN)

5-Year Revenue Growth: 196.84%

Number of Hedge Fund Holders: 39

Iris Energy Limited (NASDAQ:IREN) is one of the top high growth international stocks to buy right now. On September 9, BTIG raised the firm’s price target on Iris Energy Limited (NASDAQ:IREN) to $32 from $22, keeping a Buy rating on the shares.

The rating update came as part of a broader research note focused on crypto mining names. BTIG stated that Iris Energy Limited (NASDAQ:IREN) recently announced the expansion of its GPU portfolio with the purchase of ~9k GPUs from Nvidia, lifting its owned GPU fleet to ~10.9k.

The analyst told investors that this marks a 5-fold increase from the ~2k GPUs plugged in early 2024.

Formerly known as Iris Energy Limited, IREN Limited (NASDAQ:IREN) is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.

Page 5 of 12