IREN Stock: Earnings Could Spark Big Move as Short Interest Reaches 26% - IREN (NASDAQ:IREN), Nebius Grou
IREN (NASDAQ: IREN) has rebounded this month, climbing from a July low of $28.80 to a high of $49 and closing the week at $44. The stock’s volatility is expected to rise as traders position for earnings on August 27. The article points to momentum in the neocloud sector, citing strong results and demand signals from companies such as CoreWeave (NASDAQ: CRWV) and Nebius (NASDAQ: NBIS), including claims that Nebius could sell out 2027 capacity. For IREN specifically, it references a major $9.3 billion Microsoft deal from last year, plus a $2.8 billion agreement in July with companies including Figure AI and Hume AI, which lifted expected ARR to over $4 billion. Despite expected revenue pressure—median estimates show revenue down 26% in the last quarter to $139 million, tied to Bitcoin mining—the year outlook calls for $722 million (+41% YoY) before jumping to $2.33 billion. Short interest is 26%, and options pricing shows implied volatility of 88% for Aug 21 and 109% for Aug 28, with put/call positioning heavier than calls.






