Bitcoin Miner IREN’s 47% Slide Flagged as a Buying Opportunity by B. Riley
Yahoo Finance·2025-12-15 23:23

IREN has dropped 47% from its 52-week high on Nov. 5, significantly underperforming mining and high-performance computing (HPC) peers, but  investment bank B. Riley said it's keeping its buy rating and a $74 price target in a Monday report. Miners are down about 25% on average over the same period, and GPU cloud names CoreWeave (CRWV) and Nebius (NBIS), are off 31% and 25%, respectively, the report, by analysts Nick Giles and Fedor Shabalin, noted. The two framed IREN's recent price moves as a sentiment ...