Why Iren Stock Was Getting Clobbered This Week
Data center operators were generally not in favor with Mr. Market in recent days.Iren (IREN +5.98%), a crypto miner that's been leaning harder into its data center operations, hasn't been an investor favorite over the past few trading sessions. It's struggling with several headwinds, notably the recent decline in the popularity of cryptocurrency, and a broad investor pull-back from artificial intelligence (AI)-linked companies (such as next-generation data center operators). Compounding this, a prominent in ...