Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market
Analysis
Price Impact
HighBitcoin's significant rebound from $60,000 to $66,000 is having a strong positive effect on crypto-exposed equities, indicating robust market sentiment for btc.
Trustworthiness
HighThe article provides specific price movements for bitcoin and exact percentage gains for multiple publicly traded crypto companies (mstr, glxy, mara, coin), all observed in pre-market trading.
Price Direction
BullishBitcoin's quick rebound from a psychological support level ($60,000) to $66,000 signals strong buying pressure and improved investor confidence, pulling related stocks upwards.
Time Effect
ShortThe reported rebound is observed in 'pre-market trading', indicating an immediate reaction to recent market activity rather than a long-term trend.
Original Article:
Article Content:
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market Earnings disappointments weigh on AI related tech, while crypto sentiment improves on bitcoin’s rebound. By James Van Straten | Edited by Oliver Knight Feb 6, 2026, 11:14 a.m. Make us preferred on Google Mining, Bitcoin miners, fans (Michal Bednarek/Shutterstock) What to know : IREN and Amazon both missed consensus on revenue and EPS, weighing on share prices. Bitcoin has rebounded from around $60,000 to $66,000, lifting crypto exposed equities in pre-market trading, with Strategy, Galaxy and MARA Holdings up 7%, while Coinbase rose by 6%. IREN (IREN) earnings showed weaker than expected headline results, with the company missing consensus on both revenue and earnings per share (EPS) as it accelerates its transition from bitcoin mining to AI Cloud. Financially, Q2 revenue declined to $184.7 million, missing expectations and down from $240.3 million in Q1, while the company reported a net loss of $155.4 million, also below consensus. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . IREN secured $3.6 billion of GPU financing for its Microsoft contract which together with a $1.9 billion customer prepayment is expected to cover around 95% of GPU related capex. Tech giant Amazon (AMZ) also missed expectations on EPS but beat on revenue , according to investing.com. Investor focus shifted to management’s plan to spend around $200 billion on capex in 2026, primarily AI related. Amazon shares are down 10%. Pre-market update Bitcoin rebounded from around $60,000 to $66,000, driving a broad rally across crypto exposed equities. Strategy (MSTR), the largest publicly traded holder of bitcoin, rose 7% in pre-market trading, mirroring a 7% gain for Galaxy (GLXY) and MARA Holdings (MARA) while Coinbase (COIN) increased by 6%. Bitcoin News Iren Amazon