IREN stock set for Monday test after wild swing as bitcoin rebounds above $70,000
IREN shares rose about 5% Friday after bitcoin rebounded above $70,000, easing pressure from earlier losses. The company reported a quarterly net loss of $155.4 million on $184.7 million in revenue, with $17.3 million from AI cloud services. Trading was volatile, ranging from $33.64 to $44.18. Investors await U.S. jobs data Feb. 11 and CPI Feb. 13.
