IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million - 24/7 Wall St.[S&P 5006,869.70 +0.32%] [Dow Jones49,599.00 +0.21%][Nasdaq 10024,876.50 +0.47%][Russell 20002,658.08 +1.62%][FTSE 10010,453.00 +0.17%][Nikkei 22557,640.50 +1.09%][Stock Market Live February 13, 2026: S&P 500 (SPY) Fighting to Go Green][Investing]# IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million### Quick ReadIren (IREN) missed Q2 revenue estimates by 20% with $184.7M versus $229.65M consensus.Iren's Bitcoin mining r ...

Core Insights - The Valkyrie Bitcoin Miners ETF (WGMI) has shown an 86% return over the past year but has recently dropped 12.4% in the last month due to a 28% decline in Bitcoin's price [1] - Iren Ltd secured a $9.7 billion contract with Microsoft and aims for $3.4 billion in annual AI Cloud revenue by the end of 2026, indicating a strategic pivot towards AI infrastructure [1] - Cipher Mining, another significant holding in the ETF, missed revenue estimates and has a negative profit margin of 34.2%, raising concerns about its near-term prospects [1] Bitcoin Price Impact - Bitcoin's price correction from its October 2025 peak has created a challenging environment for miners, with current trading 28% below the year's start [1] - Prediction markets indicate only a 41% probability that Bitcoin will reach $100,000 by year-end, reflecting market uncertainty [1] - Riot Platforms, representing 4.8% of the ETF, recently reported revenue of $180.2 million, although its stock is trading 10% below previous levels [1] AI Infrastructure Transition - Iren Ltd, which constitutes 24% of the ETF, is focusing on AI infrastructure, emphasizing a cautious approach to capital deployment with payback periods of 24 to 30 months for GPU investments [1] - Cipher Mining, representing 18.3% of the ETF, has secured a $5.5 billion AWS lease but has shown operational challenges, including heavy insider selling, indicating management's uncertainty [1] - Investors are advised to monitor quarterly updates from Iren and Cipher for evidence of translating AI contracts into actual revenue and improved margins [1]

Core Viewpoint - The next 12-18 months are critical for IREN Limited's performance, and the company should be valued as an AI infrastructure provider [1] Company Analysis - IREN Limited is positioned to leverage its capabilities in AI infrastructure, which may enhance its market valuation and performance in the upcoming period [1]

Core Viewpoint - Safran's CEO Olivier Andries indicated that while CFM will strive to meet any additional engine requests from Airbus, the primary focus remains on fulfilling existing supply commitments amid ongoing supply chain challenges with Pratt & Whitney [1]. Group 1: Company Commitments - CFM, co-owned by Safran and GE Aerospace, is committed to a 15% increase in total LEAP engine deliveries for the year, but this forecast does not account for an increase in market share [1]. - Safran has agreed on engine volumes with Airbus for 2026, emphasizing that any additional production will align with their market share commitments [1]. Group 2: Industry Context - Airbus is currently facing a stand-off with Pratt & Whitney regarding engine supplies, which jeopardizes its production goals and has led to a search for additional engines from CFM [1]. - Airbus aims to ramp up A320neo-family production to 75 units per month by 2027, up from approximately 60 currently, but has faced delays due to supply chain issues, particularly with Pratt & Whitney engines [1]. - Pratt & Whitney expressed confidence in reaching an agreement with Airbus, while Airbus has not commented ahead of its earnings announcement scheduled for February 19 [1].

NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it will be added to the MSCI USA Index, effective after close of trading on February 27, 2026. The MSCI USA Index measures the performance of large and mid cap segments of the U.S. equity market and represents approximately 85% of the free float-adjusted market capitalization in the US. This inclusion is expected to enhance IREN’s visibility among institutional investors and index-tracking funds. Daniel Roberts, ...

Iren looks extremely undervalued for people who can wait a few years.Iren's (IREN 0.58%) recent earnings report was a test of patience. The stock closed at just under $40 per share on earnings day and plunged below $30 per share in after-hours trading. The next morning, Iren made back all of those losses and ended up by 5% for the day.The AI data center provider has been one of the most volatile stocks in the entire market, with a 4.28 beta. (Stocks with a beta higher than 1 tend to be more volatile than th ...

Iren Limited (NASDAQ:IREN) is one of the under-the-radar AI stocks to buy. On February 6, Cantor Fitzgerald lowered the price target for Iren to $82 from $136 with an Overweight rating. The firm noted that revenue and adjusted EBITDA for the company’s FQ2 2026 declined quarter-over-quarter due to lower Bitcoin prices and a reduced operating hash rate, which was anticipated as the company transitions capacity from Bitcoin mining to AI compute. The firm viewed the subsequent after-hours decline in share pric ...

Core Insights - IREN Limited (IREN) aims to achieve $3.4 billion in annualized run-rate revenues (ARR) by the end of 2026, primarily driven by its AI cloud business [1][10] Financial Performance - In Q2 of fiscal 2026, IREN reported approximately $2.3 billion of ARR under contract, including a significant agreement with Microsoft and $0.4-$0.5 billion from the Prince George site [1][10] - IREN secured $3.6 billion in GPU financing and received $1.9 billion in customer prepayments from Microsoft, covering about 95% of the GPU-related capital spending associated with the Microsoft contract [2] - The Zacks Consensus Estimate for IREN's fiscal 2026 revenues is $1.01 billion, indicating a year-over-year increase of 98.6%, while the estimate for fiscal 2027 revenues is $2.76 billion, reflecting a year-over-year increase of 172.6% [4] Power and Infrastructure - IREN has secured over 4.5 gigawatts (GW) of power, which is crucial in the current data center market, and only about 10% of this power will be used to reach the $3.4 billion ARR target by the end of 2026 [3] - The company plans to deploy around 140,000 GPUs by the end of 2026, supported by its available power capacity [3] Competitive Landscape - IREN faces significant competition from Applied Digital (APLD) and TeraWulf (WULF) in the AI infrastructure sector [5] - Applied Digital is constructing Delta Forge 1, an AI data center campus with an initial capacity of 430 megawatts (MW) [6] - TeraWulf has expanded its portfolio by acquiring two sites, adding approximately 1.5 GW of power capacity, increasing its total to about 2.8 GW [7] Stock Performance - IREN's shares have increased by 142.5% over the past six months, outperforming the Zacks Financial Miscellaneous Services industry's decline of 23.4% [8]

IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year. ...

Core Insights - The article emphasizes the importance of investing in AI infrastructure companies, referred to as "pick-and-shovel plays," which are expected to benefit from the rapid growth of artificial intelligence and high-performance computing [1] Group 1: AI Infrastructure Companies - Companies like Nebius Group (NBIS), IREN (IREN), Astera Labs (ALAB), TeraWulf (WULF), and Cipher Mining (CIFR) are positioned to profit regardless of which AI model prevails, offering stable revenues and broad industry exposure [1] - Nebius Group is projected to experience a remarkable revenue growth of 5x by 2026, indicating strong market potential [7] Group 2: AI Capital Expenditure Trends - Hyperscaler capital expenditure (CAPEX) is forecasted to increase from $390 billion in 2025 to $515 billion in 2026, reflecting a significant rise in AI-related spending [2][3] - AI spending now constitutes over 2% of GDP, surpassing historical investments in railroads during the 1850s, highlighting the critical role of AI in the economy [2] Group 3: Productivity and Market Dynamics - The proliferation of AI technology has led to a 30% increase in coding productivity, countering skepticism regarding the return on investment in AI [9][11] - Companies are transitioning from capital-intensive models to high-margin operations, as seen with IREN's shift to a GPU-as-a-Service model, resulting in gross profits rising from under $200 million to $600 million [12] Group 4: Market Sentiment and Technical Analysis - A bullish shakeout pattern has been observed in stocks like NBIS, where prices briefly fell below key support levels before rebounding, indicating potential for future price increases [13] - The current market environment presents a unique opportunity for investors to focus on AI infrastructure providers, minimizing the uncertainty associated with software competition in the AI sector [15]