IREN (NASDAQ:IREN) stock is sliding on Monday, driven primarily by pre-earnings anxiety and profit-taking following a volatile stretch for the equity.
The Nvidia (NASDAQ:NVDA)-backed Bitcoin (CRYPTO: BTC) miner and AI data center provider is scheduled to publish its fiscal fourth-quarter 2026 financial results on Thursday.
The stock remains in a bear market, having fallen over 48% from its 52-week high. Nasdaq futures are down 1.26% while S&P 500 futures have shed 0.32%.
Earnings Face Crypto Winter Impact
IREN’s upcoming results will offer insights into the impact of the recent crypto winter on its core operations. Although the company continues its transformation into an AI data center provider, Bitcoin mining still generates the majority of its total revenue.
