According to Nasdaq data and SEC filing, IREN Limited closed at $19.73 on Tuesday, November 10, 2026, down 7.85% from Monday's $21.41. The decline followed the company's November 5 earnings release reporting Q1 fiscal 2027 results, which showed AI cloud revenue nearly tripled to $200 million from $71 million in the prior quarter. The company also announced that its more than $4 billion annualized run-rate target, previously expected by year-end 2026, has been pushed to January 2027 due to a customer-requested design change and supplier timing. Total quarterly revenue reached $228 million, though net loss widened to $263 million. The company's technical price targets through December 31, 2026, based on 90-day volatility, show a bull case of $27.22, a base case of $14.45, and a bear case of $9.48.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.