Mining companies IREN and CleanSpark's latest earnings reports both fell short of expectations, leading to a significant drop in their stock prices.

PANews February 6 News, according to Decrypt, the latest financial reports of listed Bitcoin miners IREN and CleanSpark both failed to meet revenue expectations, leading to a significant drop in their stock prices.
IREN announced quarterly revenue of $184.7 million as of December 31, 2025, down from $240.3 million in the previous quarter. The company reported a net loss of $155.4 million, compared to a net profit of $384.6 million in the previous quarter. CleanSpark also released quarterly results below expectations. The company reported quarterly revenue of $181.2 million as of December 31, 2025, higher than the same period last year, but a net loss of $378.7 million, whereas last year it achieved net profit.
CleanSpark’s stock price dropped sharply by $1.95 on the day, approximately a 19% decline, closing at $7.55 after hours. IREN’s stock price fell by $5.11 on the day, an 11% decrease, closing at $32.42 after hours.