---
title: "What's Going On With IREN Stock Monday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285935047.md"
description: "IREN Ltd. (NASDAQ:IREN) shares are under selling pressure following a disappointing earnings report, with quarterly revenue of $144.8 million missing estimates by 35.18%. Despite a recent partnership with NVIDIA Corp. to deploy AI infrastructure, analysts at Bernstein maintain a bullish long-term outlook, setting a $100 price target. IREN shares fell 2.14% to $59.89 in premarket trading on Monday."
datetime: "2026-05-11T11:01:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285935047.md)
  - [en](https://longbridge.com/en/news/285935047.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285935047.md)
---

# What's Going On With IREN Stock Monday?

**IREN Ltd.** (NASDAQ:IREN) shares face selling pressure this Monday.

The move follows a volatile period where a massive partnership-driven rally met the reality of a disappointing earnings report. While the stock surged 7.65% on Friday, the momentum stalled as traders digested a significant top-line miss on Thursday.

Nasdaq futures are down 0.15% while S&P 500 futures have shed 0.13%.

## Revenue Miss Shadows Growth Strategy

The company reported quarterly revenue of $144.8 million. This figure missed the analyst consensus estimate of $223.393 million by 35.18%. Revenue fell 21.6% year-over-year.

Management attributed the decline to lower **Bitcoin** (CRYPTO: BTC) prices and the decommissioning of mining hardware. These operational shifts occurred to make room for new GPU installations.

## NVIDIA Strategic Partnership Details

Despite the earnings miss, **NVIDIA Corp.** (NASDAQ:NVDA) and IREN announced a strategic partnership on Thursday, after market closing bell.

The deal aims to deploy up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure. NVIDIA received a five-year right to purchase up to 30 million IREN shares at $70 per share.

This represents a potential $2.1 billion investment. **Jensen Huang**, CEO of Nvidia, stated, “IREN brings the scale and infrastructure expertise to help accelerate the buildout of next-generation AI infrastructure globally.”

## Analysts Maintain Bullish Long-Term Outlook

Analysts at **Bernstein** remain optimistic, recently setting a $100 price forecast for IREN. They cited the NVIDIA deal as a catalyst for critical AI infrastructure credibility.

Bernstein also noted that IREN’s 200MW Horizon project with **Microsoft Corp**. (NASDAQ:MSFT) remains on schedule. They project total AI cloud annual recurring revenue could reach $3.7 billion by calendar year 2026.

**IREN Price Action:** Iren shares were down 2.14% at $59.89 during premarket trading on Monday, according to Benzinga Pro data.

_Photo by T. Schneider via Shutterstock_

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