New York, Feb 2, 2026, 20:40 EST — The market has closed.
- IREN dipped roughly 1.2%, swinging across an 11% range during the session.
- A fresh regulatory filing revealed Jane Street owns 4.7% of IREN’s shares.
- The bitcoin miner pivoting to AI-cloud services will release its results on Feb. 5.
IREN Limited shares slid roughly 1.2% to $53.08 in late Monday trading, following an intraday range between $49.67 and $55.04. Trading volume topped 40 million shares.
The timing is key as the company plans to release its quarter-ending Dec. 31 results on Thursday, Feb. 5, with a conference call set for 5:00 p.m. Eastern. Traders frequently adjust their positions ahead of this report, particularly in high-beta crypto-related stocks. (GlobeNewswire)
A recent Schedule 13G/A filing revealed that Jane Street and related entities hold 15,447,088.34 ordinary shares of IREN, representing 4.7% of the class. The filing noted this stake includes shares potentially acquirable within 60 days via convertible bonds, and it marked the box signifying ownership of 5% or less of the class. (SEC)
Bitcoin climbed roughly 1.5% late Monday, hitting around $78,775. That move kept crypto-linked stocks active ahead of Tuesday’s cash session.
In the upcoming session, the tape will probably remain linked to the token and to positioning ahead of Thursday’s earnings. Stocks like MARA Holdings and Riot Platforms usually track bitcoin closely and move in tandem when volatility ramps up.
IREN no longer sees itself just as a bitcoin miner. In a recent update about a $9.7 billion AI cloud services deal with Microsoft, co-founder and co-CEO Daniel Roberts called it a “milestone partnership.” Microsoft executive Jonathan Tinter added the companies are “delivering cutting-edge AI infrastructure.” IREN plans to roll out GPUs in phases through 2026 at its Childress campus. (GlobeNewswire)
Thursday’s report now carries extra weight: investors are eager for any sign that could alter the pace of the buildout, customer payments, or capital spending, as well as the typical mining stats. So far, the market has swiftly punished any delays in the AI-infrastructure sector this cycle.
The ownership filing isn’t so much about control as it is about the mechanics behind the scenes. Schedule 13G filings usually signal passive stakes. Large trading firms often appear for hedging, market-making, or index-related activities, not necessarily a straightforward “conviction” play.
There’s a clear risk here. If bitcoin takes a sharp turn, mining stocks could jump or drop well before any company news surfaces. On the AI front, execution risk looms large too — from equipment delivery and power availability to data-center rollouts and funding strategies that can change on short notice.
Up next is the Feb. 5 earnings report and call. Investors will be looking for clear details on which segments are generating cash and which continue to burn through it. Until then, IREN is set to remain a volatile stand-in for crypto and the AI buildout—sometimes reflecting both simultaneously.
