New York, Jan 28, 2026, 11:11 ET — Regular session.
- IREN shares climbed roughly 3% by late morning, while crypto-mining stocks showed a mixed picture.
- Bitcoin nudged up as traders awaited the Federal Reserve’s decision due Wednesday.
- Attention turns to IREN’s quarterly results and call set for Feb. 5.
Shares of IREN Limited climbed roughly 3.2% to $61.88 by late morning in New York, bouncing between $59.76 and $62.17 earlier. Bitcoin hovered around $89,268, gaining about 1%. U.S.-listed miners showed mixed moves: Riot Platforms edged up 1.7%, CleanSpark gained 3.5%, while Marathon Digital dipped 0.4%.
This shift is significant since high-beta crypto and AI-related stocks have been quick to react to changes in risk appetite, even as U.S. stocks hit new highs ahead of the Fed meeting. “These big round numbers can be difficult psychological tests for the market,” said Jeff Buchbinder, chief equity strategist at LPL Financial, as the S&P 500 briefly topped 7,000. 1
IREN faces a packed schedule. The company plans to release its results for the quarter ending Dec. 31 on Feb. 5, followed by a conference call at 5:00 p.m. Eastern. 2
IREN, based in Australia, runs renewable-powered data centers focused on bitcoin mining and AI cloud services, Reuters reports. Its sites are built to handle power-intensive computing and also offer cloud capacity tailored for AI tasks. 3
Bitcoin has held within a tight range this week, with traders on edge ahead of the Fed’s moves and upcoming U.S. rate data, CoinDesk reported Tuesday. 4
The near-term outlook for IREN is clear: when bitcoin gains ground, “miners” usually pick up steam, but if it falters, they can fall sharply. Some investors also view IREN as a stand-in for demand tied to data-center power and AI computing—a theme that’s resurfaced repeatedly in U.S. stocks this month.
Yet the opposite can happen. A sudden change in rate expectations, a steep drop in bitcoin, or a weak report on utilization and costs could slam the stock fast, especially following recent big moves.
Traders are eyeing the Fed’s decision on Wednesday, looking for any ripple effects in crypto. Then, IREN’s Feb. 5 report should shed light on the progress of its bitcoin and AI ventures heading into 2026.
