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IREN's Q2 performance revealed mixed results, with a loss of $0.52 per share, significantly missing the consensus estimate of a $0.18 loss, marking a negative earnings surprise of -188.89%. Revenue reached $184.69 million, below the $228.13 million analyst consensus but reflecting a 59.02% year-over-year growth as of December 31, 2025. Despite this growth, profitability remains a concern, with a negative net margin of -84.14% and a debt-to-equity ratio of 1.53, exceeding industry norms. Analyst sentiment is divided, with the average 12-month price target for IREN decreasing by 14.66% to $65.71. Notable adjustments include Cantor Fitzgerald lowering its target from $136.00 to $82.00, while HC Wainwright & Co. raised its target from $56.00 to $80.00 with a "Buy" rating. Co-CEO Daniel Roberts emphasized progress in capacity expansion and demand for the AI Cloud platform, highlighting efforts to deliver data center capacity efficiently. While revenue growth and platform advancements are promising, profitability and debt challenges continue to weigh on the company's outlook.
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About IREN

IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy. Bitcoin mining operations generate revenue by earning Bitcoin through a combination of Block rewards and transaction fees from the ... Read more

Ways to trade options* on IREN

Bearish Option Strategy: Long Puts

Traders buy a single put option on a stock or ETF. This strategy can benefit from a price drop while risking more capital than a spread.

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