US EditionIREN and AMZ Down on Earnings Miss, as BTC Equities Bounce Back
IREN secured $3.6 billion in GPU financing and a $1.9 billion prepayment from Microsoft, funding 95% of GPU capital expenditures as it shifts from bitcoin mining to AI cloud.
6 Articles
6 Articles
Stock Market Today, Feb. 6: Iren Rises on Microsoft Cloud Expansion and AI Data Center Pivot
Iren (NASDAQ:IREN), a vertically integrated data center operator originally focusing on Bitcoin (CRYPTO:BTC) mining, closed Friday at $41.83, up 5.13%. The stock rebounded as investors reassessed a Q2 earnings miss, but today’s gains still didn’t make up for losses earlier in the week. Investors are still concerned about Iren’s AI data center pivot and are watching execution on the Microsoft-backed cloud expansion and power build-out next.Tradin…
IREN stock price whipsaws after Q2 miss as Microsoft GPU financing takes center stage
New York, Feb 6, 2026, 12:13 ET — Regular session Shares of IREN Limited jumped nearly 7% to $42.64 on Friday, rebounding sharply in heavy volume after tumbling the previous day on a quarterly revenue miss. The Nasdaq-listed bitcoin miner dropped over 11% on Thursday following its earnings report, then remained volatile into Friday as investors sifted through the details and weighed the AI expansion narrative. (Investors) This move is crucial as…
IREN Stock Plunges 33.5%: Decoding the Bold Pivot from Bitcoin Mining to Microsoft AI Cloud Powerhouse
IREN Stock Plunges 33.5%: Decoding the Bold Pivot from Bitcoin Mining to Microsoft AI Cloud Powerhouse Imagine a company deep in , suddenly flipping the script to chase the AI boom with a massive deal from Microsoft. That’s exactly what did. Yet, its stock tanked in a week. Why the sharp drop despite game-changing news? In this post, we break it down step by step, explore the risks, and spot the potential upside for savvy investors. What Happene…
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