IREN Ltd. (IREN) Falls as Investors Book Gains

We recently published 10 Stocks Hammered Harder Than Wall Street. IREN Ltd. (NASDAQ:IREN) is one of Tuesday’s worst performers.

IREN Ltd. snapped a three-day winning streak on Tuesday, shedding 9.54 percent to close at $18.73 apiece as investors resorted to profit-taking to take advantage of the previous days’ surge.

Additionally, investors appeared to be in a wait-and-see mode ahead of the release of its earnings performance for the full fiscal period of 2025.

According to the company, it is scheduled to report its financial and operating highlights after market close on August 28, a Thursday, alongside an investor call to elaborate on the results.

Investors will be closely watching out for the company’s outlook for fiscal year 2026, having achieved its operating hash rate target of 50 EH/s, which is expected to help bolster revenues from Bitcoin mining moving forward.

According to the company, a 50 EH/s hash rate could generate $830 million in annualized hardware profit.

Further supporting sentiment, IREN Ltd. (NASDAQ:IREN) recently announced that it was able to generate $83.6 million in revenues from 728 Bitcoins mined in July, or 27.6 percent higher than the $65.5 million in revenues from 620 Bitcoins mined in June.

Average Bitcoin prices in July were also 8.66 percent higher at $114,891 versus the $105,730 the month before.

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