New York, Jan 27, 2026, 12:07 ET — Regular session
- IREN shares climb after volatile start in heavy trading
- Crypto miners and AI-infrastructure stocks are showing gains as well
- Attention shifts to IREN’s quarterly earnings and outlook due February 5
IREN Limited shares climbed 8.4% to $56.77 by midday Tuesday, hitting a high of $57.70 earlier. The stock started the day at $53.42 and has fluctuated between $52.91 and $57.70, with roughly 22.3 million shares changing hands.
This shift is significant since IREN now acts as a high-beta proxy for two distinct trades that don’t always align: bitcoin-linked cash flows and demand for AI computing power. When either trend shifts, the stock tends to react sharply.
Investors face a near-term milestone as IREN plans to report financial results for the quarter ending Dec. 31, 2025, on Feb. 5. The company will hold a conference call at 5:00 p.m. Eastern time that day. IREN positions itself as an AI cloud service provider, leasing out large-scale GPU clusters—graphics processing units used to train and run AI models—and operates data centers across the U.S. and Canada. 1
The wider market gave a boost. Bitcoin gained roughly 1% on the day. Crypto miners Riot Platforms and Marathon Digital jumped around 6% and 4%, respectively. AI-cloud specialist CoreWeave surged roughly 12%, while Nvidia added about 1.6%, keeping momentum alive in the AI space.
The day before, Nvidia and CoreWeave revealed a deeper partnership, with Nvidia pumping $2 billion into CoreWeave. Their goal: to speed up the creation of over 5 gigawatts of “AI factories” by 2030. “AI is entering its next frontier and driving the largest infrastructure buildout in human history,” Nvidia CEO Jensen Huang said in the announcement. 2
IREN is shifting gears from pure bitcoin mining to AI computing, leveraging its power assets and data center footprint. In its November earnings report, co-founder and co-CEO Daniel Roberts said the company was “delivering record results” and achieving “meaningful progress” in expanding its AI cloud business, following news of a $9.7 billion AI cloud deal with Microsoft. 3
The stock’s outlook is still volatile. IREN changed hands near $56 on Tuesday, within a 52-week span stretching from about $5.13 up to $76.87, per Investing.com data. 4
The trade cuts both ways. Investors must still consider bitcoin’s price swings, power expenses, and curtailment risks, along with the hefty capital outlay for new data halls and GPUs. Any delays in ramping up capacity can rapidly raise funding concerns.
On Feb. 5, IREN will release its quarterly results and field questions about its outlook — specifically, the pace of AI deployments and their impact on spending — as well as updates on its main bitcoin mining operations. 5
