Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short
first published 2026-02-05T21:22:10Z
CleanSpark shares fell more than 19%, trading at $8.26, ahead of its fiscal Q1 2026 earnings as investors brace for possible disappointment amid renewed crypto-market volatility. Analysts remain mostly bullish with a Buy consensus and an average price target of $23.16 (range $18–$30) and expect EPS of $0.09 for the quarter. Technical indicators are weak: the stock is 25.9% below its 20-day SMA, 34.9% below its 100-day SMA, down 10.81% year-over-year, with RSI around 38.3 and MACD below its signal line, signaling continued bearish pressure.
AI Analysis
Shares dropped >19% to $8.26 ahead of Q1 2026 earnings and technicals are weak (below 20- and 100-day SMAs, RSI ~38.3, MACD below signal), while analysts still hold a Buy consensus with an average PT of $23.16 and EPS expected at $0.09; the large pre-earnings decline and negative technical signals justify a bearish sentiment and make this a actionable short-term trading trigger.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
Source Articles
- CleanSpark shares take a dive ahead of earnings report - Crypto News
- Bitcoin Miners IREN and CleanSpark Slide After Earnings Misses Deepen Sector Pressure - Decrypt
- Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short - Cointelegraph
- Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market - CoinDesk