Stock Track | IREN Ltd Plunges 14.38% in Pre-Market on Q2 Earnings Miss and Crypto Market Weakness

Stock Track

Feb 06

IREN Ltd's stock experienced a sharp pre-market plunge of 14.38% on Friday, following the release of its second-quarter fiscal year 2026 financial results.

The dramatic sell-off was primarily driven by the company's significant earnings miss. IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.

Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower and falling below $60,000. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, combined with the crypto market downturn, triggered the severe negative reaction in the pre-market session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1153660263"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1153660263\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1153660263?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 17:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153660263","market":"sg","top_or_hot":-1,"title":"Stock Track | IREN Ltd Plunges 14.38% in Pre-Market on Q2 Earnings Miss and Crypto Market Weakness","media":"Stock Track","content":"<p>IREN Ltd's stock experienced a sharp pre-market plunge of 14.38% on Friday, following the release of its second-quarter fiscal year 2026 financial results.</p><p>The dramatic sell-off was primarily driven by the company's significant earnings miss. IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.</p><p>Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower and falling below $60,000. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, combined with the crypto market downturn, triggered the severe negative reaction in the pre-market session.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | IREN Ltd Plunges 14.38% in Pre-Market on Q2 Earnings Miss and Crypto Market Weakness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | IREN Ltd Plunges 14.38% in Pre-Market on Q2 Earnings Miss and Crypto Market Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-06 17:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>IREN Ltd's stock experienced a sharp pre-market plunge of 14.38% on Friday, following the release of its second-quarter fiscal year 2026 financial results.</p><p>The dramatic sell-off was primarily driven by the company's significant earnings miss. IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.</p><p>Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower and falling below $60,000. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, combined with the crypto market downturn, triggered the severe negative reaction in the pre-market session.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1153660263","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153660263","pubTimestamp":1770368877,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd's stock experienced a sharp pre-market plunge of 14.38% on Friday, following the release of its second-quarter fiscal year 2026 financial results.The dramatic sell-off was primarily driven...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"股票追踪|IREN Ltd因第二季度盈利未达预期和加密市场疲软而盘前暴跌14.38%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"IREN Ltd's stock experienced a sharp pre-market plunge of 14.38% on Friday, following the release of its second-quarter fiscal year 2026 financial results.The dramatic sell-off was primarily driven by the company's significant earnings miss. IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower and falling below $60,000. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, combined with the crypto market downturn, triggered the severe negative reaction in the pre-market session.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}