New York, Jan 23, 2026, 13:10 ET — Regular session
- IREN shares climbed roughly 9% in early afternoon trading, hitting a peak close to $58.
- This week, Tradr rolled out a new 2x short, single-stock ETF linked to IREN, offering investors another way to place bearish bets.
- IREN scheduled its quarterly results release for Feb. 5, spotlighting the upcoming update on AI cloud and bitcoin mining operations.
IREN Limited’s shares jumped 8.7%, hitting $56.80 early Friday afternoon. The stock fluctuated from a low of $50.14 to a high of $58.37, with trading volume topping 34 million shares.
The stock has turned into a hotspot, caught between bitcoin-linked revenue and the surge in AI data-center construction. This is significant as a new batch of trading products launches just as investors prepare for the company’s upcoming quarterly results.
On Thursday, Tradr ETFs launched a 2x short ETF linked to IREN (ticker IREZ), along with inverse funds for Applied Digital, Lucid, and Nebius. “We are excited to bring these inverse exposures to the market so that traders can efficiently express a high conviction bearish view,” said Matt Markiewicz, head of product and capital markets at Tradr. The ETF aims to deliver -200% of IREN’s daily move — it resets every session and may diverge from the stock’s longer-term trend. PR Newswire
Crypto stocks edged higher alongside bitcoin, which climbed around 1.5% to about $90,800. Marathon Digital jumped 4.6%, while Riot Platforms advanced 5.0%.
IREN announced Thursday it plans to publish its financial results for the quarter ending Dec. 31 on Feb. 5, followed by a conference call at 5 p.m. Eastern.
The company is positioning itself more as an AI cloud provider rather than just a crypto miner, focusing on graphics processing units — the chips that power AI training and operations — alongside energy-intensive data centers. Investors on Feb. 5 will watch closely for shifts in the pace of expansion and how fast contracts translate into steady revenue streams.
Traders are also keeping an eye on potential pitfalls. Daily-reset leveraged products can intensify moves both up and down. A sudden drop in bitcoin prices or rising power costs could tighten mining margins and hit earnings hard.
