IREN Stock Slides Ahead of Q4 Earnings Amid Crypto Winter Impact

IREN (NASDAQ:IREN) shares are experiencing a decline on Monday, largely due to pre-earnings anxiety and profit-taking following a volatile period for the company. The stock is expected to report its fiscal fourth-quarter 2026 financial results this Thursday.

The Nvidia-backed Bitcoin miner and AI data center provider has seen a significant drop in value, falling over 48% from its 52-week high. The recent crypto winter has impacted IREN's core operations, with revenue decreasing in the second quarter to $144 million from $184 million in the prior-year period due to lower Bitcoin prices and infrastructure decommissioning.

Analysts predict a 25% year-over-year drop in second-quarter revenue to $140 million. However, growth expectations remain strong, with projected annual revenue increasing 41% this year to $422 million and reaching $2.9 billion next year, driven by AI product demand and significant deals with companies like Figure AI and Perplexity, as well as a major contract with Microsoft.

From a trend perspective, IREN is trading above the 20-day SMA ($39.92) but below the 50-day SMA ($43.56), 100-day SMA ($47.33), and 200-day SMA ($46.61). The RSI sits at 50.88, indicating neutral momentum.