Mining companies IREN and CleanSpark both reported revenues below expectations, causing their stock prices to plummet.

PANews reported on February 6 that, according to Decrypt, the latest financial reports from publicly traded Bitcoin miners IREN and CleanSpark both missed revenue expectations, causing their stock prices to plummet.

IREN reported revenue of $184.7 million for the quarter ended December 31, 2025, down from $240.3 million in the previous quarter. The company posted a net loss of $155.4 million, compared to a net profit of $384.6 million in the previous quarter. CleanSpark also reported lower-than-expected quarterly results. The company reported revenue of $181.2 million for the quarter ended December 31, 2025, up from the same period last year, but posted a net loss of $378.7 million, compared to a net profit in the same period last year.

CleanSpark shares closed down $1.95, or about 19%, at $7.55 in after-hours trading. IREN shares fell $5.11, or 11%, to $32.42 in after-hours trading.