--- title: "What's Going On With IREN Stock Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296382928.md" description: "IREN stock surged following a report ranking it #1 in AI monetization efficiency at $40M/MW, outpacing competitors like CoreWeave. The company holds a $14B revenue backlog with major clients including Microsoft and NVIDIA. IREN is set to report earnings on August 27, with analysts expecting a loss of 63 cents per share and revenue of $1.4 billion. Technically, the stock faces resistance at $43.50 and support at $37." datetime: "2026-08-19T16:44:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296382928.md) - [en](https://longbridge.com/en/news/296382928.md) - [zh-HK](https://longbridge.com/zh-HK/news/296382928.md) --- # What's Going On With IREN Stock Wednesday? **IREN Limited** (NASDAQ:IREN) stock surged Wednesday as traders digested a new sector report that placed the company ahead of major artificial intelligence infrastructure competitors in monetization efficiency. The Nasdaq is up 0.19% while the S&P 500 has gained 0.51%, even as Technology is down 0.4%. IREN is set to report its earnings on August 27. Analysts expect the company to post a loss of 63 cents per share, compared with a 66-cent loss in the year-ago period. At the same time, revenue is estimated at $1.4 billion, down from $1.9 billion a year earlier. IREN currently trades at a P/E multiple of 54.5 times. ## Top Ranking In Revenue Efficiency A Neocloud Efficiency Ledger published on Monday by research firm **The Futurum Group** ranked high-performance computing providers by contracted revenue per megawatt. **Daniel Newman**, CEO of The Futurum Group, highlighted on X that IREN led the industry with an estimated $40 million in contracted revenue per megawatt. ## Outpacing Neocloud Competitors The $40 million figure placed IREN ahead of **Galaxy Digital Holdings** at roughly $29 million and **CoreWeave Inc.** at approximately $28 million. Other ranked peers included **Hut 8 Corp.**, **Applied Digital Corp.**, **TeraWulf Inc.**, **Nebius Group N.V.** and **Core Scientific Inc.** Futurum estimates IREN holds a total $14 billion contracted revenue backlog, including major agreements with **Microsoft Corp.** and **NVIDIA Corp.** The firm noted IREN controls a 5-gigawatt total power footprint, with only 350 megawatts currently contracted for AI workloads. ## IREN Stock: Key Technical Levels To Watch The stock is trading about 8.4% above its 20-day SMA ($39.58). Still, it remains about 2.4% below its 50-day SMA ($43.98) and roughly 8%–9% below its 100-day and 200-day SMAs—classic “short-term rebound inside a still-damaged intermediate trend” behavior. The death cross that formed in August (50-day SMA below the 200-day SMA) keeps the bigger-picture trend cautious until price can reclaim and hold above those longer averages. Momentum is neutral: RSI sits at 52.10, which tells traders the stock isn’t stretched and is still in a zone where either a continuation move or a fade can develop quickly. - **Key Resistance**: $43.50 - **Key Support**: $37 **IREN Stock Price Activity:** IREN shares were up 3.23% at $43.36 at the time of publication on Wednesday, according to Benzinga Pro data. _Photo via Shutterstock_ **Read Also: Taiwan Semiconductor’s AI Bottleneck Hands Samsung a Powerful Pricing Opportunity** ### Related Stocks - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [IREX.US](https://longbridge.com/en/quote/IREX.US.md) - [IRE.US](https://longbridge.com/en/quote/IRE.US.md) - [IREZ.US](https://longbridge.com/en/quote/IREZ.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [HUT.US](https://longbridge.com/en/quote/HUT.US.md) - [APLD.US](https://longbridge.com/en/quote/APLD.US.md) - [WULF.US](https://longbridge.com/en/quote/WULF.US.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) - [CORZ.US](https://longbridge.com/en/quote/CORZ.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [CORZZ.US](https://longbridge.com/en/quote/CORZZ.US.md) - [CORZW.US](https://longbridge.com/en/quote/CORZW.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [AI weekly: Nvidia does deal with Wall Street, China's AI weather forecasts](https://longbridge.com/en/news/295777975.md) - [What Nvidia's $500 billion Wall Street deal signals about the AI boom](https://longbridge.com/en/news/296063112.md) - [LinkedIn Just Cut Its Israel R&D Team. 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