IREN Limited (IREN) NASDAQ +2.47% AH 04 Feb 2026: Earnings preview shows upside

IREN stock rose 2.47% in after-hours trading on 04 Feb 2026 as investors position ahead of Thursday’s earnings. The share price closed at USD 54.39, after a day range of USD 50.19–55.72 and volume of 36,286,534. Market attention is on revenue growth, Bitcoin mining margins and new cloud-power contracts that could shift guidance. We outline the earnings catalysts, valuation metrics and near-term trade ideas for IREN Limited (IREN) listed on NASDAQ in the United States.