Why Is IREN Stock Sliding on Monday?
Key takeaways
- IREN’s Monday slide reflects pre‑earnings anxiety and a broader bear market, with investors keen to see how the crypto winter impacts its mining revenue and whether AI contracts can offset losses.
- 48% drop from 52‑week high
- 20‑day SMA $39.92
- 50‑day SMA $43.56
What happened
IREN (NASDAQ: IREN) shares fell 5.13% to $39.72 on Monday as investors awaited the company’s fiscal fourth‑quarter 2026 earnings, which are set to be released on Thursday. The decline follows a volatile run and a 48% drop from the 52‑week high, with the stock trading above its 20‑day simple moving average but below its 50‑day, 100‑day and 200‑day SMAs. The market is also in a broader bear environment, with Nasdaq futures down 1.26% and S&P 500 futures down 0.32%.
Why it matters
The earnings release will reveal how the recent crypto winter has affected IREN’s core Bitcoin‑mining revenue, which still dominates its top line. Analysts expect a 25% year‑over‑year decline in Q2 revenue to $140 million, while the company projects a 41% revenue growth to $422 million this year, driven by AI…
Short-term and longer-term
Short-term. Short‑term traders should watch the 20‑day SMA at $39.92 and the 50‑day SMA at $43.56.
Longer-term. Long‑term investors should assess whether IREN’s shift to AI data centers can sustain growth beyond the crypto downturn.