By Howard Smith
Publication Date: 2026-02-06 22:56:00
Iren’s pivot from Bitcoin mining to Microsoft-backed AI infrastructure is redefining its long-term narrative, today, Feb. 6, 2026.
Today’s Change
(5.23%) $2.08
Current Price
$41.87
Iren (IREN +5.23%), a vertically integrated data center operator originally focusing on Bitcoin (BTC +12.35%) mining, closed Friday at $41.83, up 5.13%. The stock rebounded as investors reassessed a Q2 earnings miss, but today’s gains still didn’t make up for losses earlier in the week. Investors are still concerned about Iren’s AI data center pivot and are watching execution on the Microsoft-backed cloud expansion and power build-out next.
Trading volume reached 74.3 million shares, coming in about 84% above its three-month average of 40.5 million shares. Iren IPO’d in 2021 and has grown 71% since going public.
How the markets moved today
The S&P 500 (^GSPC +1.97%) added 1.97% to finish…