IREN stock price slides again in premarket after Q2 loss as Microsoft GPU deal details land
IREN shares dropped 11.4% to $39.79 in premarket trading Friday after posting a $155.4 million net loss and $184.7 million in revenue for Q2. The decline follows an 11% slide Thursday as investors scrutinize financing and delivery timelines for a $9.7 billion Microsoft GPU-services contract. IREN reported $2.8 billion in cash and a $1.9 billion customer prepayment as of Jan. 31. Bitcoin fell 7.8% to $65,995 early Friday.