New York, Jan 23, 2026, 18:11 EST — After-hours
- IREN shares climbed roughly 8% late Friday, following a volatile day of trading
- The company scheduled its quarterly results for Feb. 5, followed by a conference call at 5 p.m. ET
- This week saw the launch of a new 2x inverse ETF linked to IREN, giving traders a fresh tool for short-term wagers
IREN Limited shares climbed roughly 8.4% to $56.68 in after-hours on Friday, following an intraday range of $50.14 to $58.55. Trading volume hit around 56.4 million shares, market data show.
The move comes as traders prepare for a hectic period around the stock, with IREN’s upcoming quarterly update now scheduled and fresh single-name leveraged products offering bulls and bears additional tools to take positions.
That’s significant since IREN sits at the crossroads of crypto-driven power consumption and the rapid expansion of data centers for AI workloads. In this environment, even minor news can trigger wide swings in the stock price.
Bitcoin edged up roughly 0.3% on Friday, hovering near $89,438. Applied Digital, tied to the data center sector, climbed around 8.5%. Marathon Digital and Riot Platforms, both crypto miners, gained approximately 2% and 1% in late trading, respectively.
IREN announced Thursday that it plans to publish its fiscal second-quarter results, covering the period ending Dec. 31, 2025, on Feb. 5. The company will also hold a conference call starting at 5 p.m. Eastern Time. (GlobeNewswire)
Tradr ETFs rolled out four new short single-stock leveraged ETFs on Thursday, designed to multiply a stock’s daily price moves. Among them is the Tradr 2X Short IREN Daily ETF (ticker IREZ), now trading on Cboe. “We are excited to bring these inverse exposures to the market,” said Matt Markiewicz, Tradr’s head of product and capital markets. The company also noted these funds reset daily and cautioned that a 2x leveraged product could be wiped out if the underlying stock surges more than 50% in a single session.
IREN promotes an “AI Cloud” service and runs data-center facilities across the U.S. and Canada, with projects in Texas and British Columbia, its investor documents show. (IREN)
Investors tuning in on Feb. 5 will watch closely for updates on how fast the company can ramp up capacity and the implications for costs and financing in this capital-intensive sector. Last month, IREN closed a $2.3 billion convertible notes offering and also repurchased some of its existing convertible notes, the company announced. (GlobeNewswire)
But the setup works both ways. A miss or a cautious tone on the call could shake a stock already known for sharp reversals, while daily-reset leveraged products can amplify short-term swings as volumes surge.
The next key event is Feb. 5, when IREN releases its report and holds a Q&A during its conference call. Traders are also eyeing whether volume remains high leading up to that date, particularly as new leveraged and inverse products have started trading on the stock.
