IREN Ltd (IREN) — Quality & forensics

Long reads

• Situational Awareness — Crushed While CorrectReport · 2 Aug 2026Major additions: Intel option/reference exposure, Broadcom, Onto Innovation, EQT, CoreWeave, Core Scientific, Applied Digital, IREN.
• Portfolio Construction — Build a Barbell · Closelook Heresy IIIHeresy · 16 May 2026Live cohort as of May 2026: COHR · CRWV · GLW · INTC · IREN · LITE · MRVL · NBIS · NOK · SNPS.
• Pattern 03 — NVIDIA Strategic Authority InvestmentReport · 12 May 2026Tier 2 typically appears bundled inside Tier 1 events: Lumentum's capacity-access rights, Coherent's purchase commitments, and IREN's 5 GW deployment partnership all rode in on the same 8-Ks as the equity investments.
• Nvidia’s Equity Stakes — Follow the Wise Men, Pattern 03 PreviewWeekly Signal · 10 May 2026NVIDIA's capital deployments since September 2025 cluster in a very specific subset of these sectors: LITE, COHR, MRVL silicon photonics → High-Speed Interconnects (+462%) GLW → Advanced Materials (+212%) and High-Speed…

Dailies

• Great numbers, falling stocks — the market has stopped rewarding even record earningsMorning 10 · 2 Sept 2026Marvell, Autodesk and IREN fell too; only Elastic was rewarded, and Workday finished a dollar short.
• Software and semis sell off together at midday — the green sits outside techMidday 10 · 1 Sept 2026On top of the prints, the six windows from last Thursday — Rubrik, Marvell, IREN, Autodesk, Elastic, Workday — are scored at this very close.
• The Yield March Breaks Three Decades of LinesDaily Pulse · 1 Sept 2026Tonight's close scores six earnings windows — Rubrik, Marvell, IREN, Autodesk, Elastic, Workday — and MongoDB and GitLab print after the bell.
• Verdict day two: six earnings windows close as MongoDB and GitLab printMorning 10 · 1 Sept 2026Rubrik, Marvell, Autodesk, Elastic, IREN and Workday get scored at tonight's close from last Thursday's prints, while MongoDB and GitLab open new cards after the bell and September's minus-five-percent frame begins scoring.
• Daylight doubles the punishments — Rubrik −11%, IREN −12%, Marvell −9% extend their overnight sells while the old-guard Mag 7 catches the bid.Midday 10 · 28 Aug 2026IREN is the day's hardest hit at 35.56, down 12.3%, the revenue miss outweighing $4 billion of contracted ARR and the Microsoft Horizon 1 acceptance.
• The bar moves overnight: three beat-and-raise prints get sold after hours.Morning 10 · 28 Aug 2026IREN's Smaller-Than-Feared Loss and $4B Contracted ARR Still Sold −8.4%
• Daylight pays the five-print evening at scale — Salesforce +20%, Okta +27%, CrowdStrike +18%, Nvidia +7.6% — while ten of eleven sectors trade red and technology alone carries the index.Midday 10 · 27 Aug 2026Five more prints land tonight: Rubrik — a print-record card with zero flat reactions in its history — alongside Workday, which trades +3.25% to 196.94 into its own report, Autodesk, Elastic and IREN.
• In-line core PCE leaves both bond lines standing as the tape flattens into a five-print evening — Nvidia the refereeMidday 10 · 26 Aug 2026IREN and Duolingo take the sharpest cuts