IREN Limited Stock (NASDAQ: IREN) Drops on Dec. 15, 2025 as Wall Street Weighs Microsoft AI Deal Upside vs. Capex and Dilution Risks
Dec. 15, 2025 — IREN Limited stock (NASDAQ: IREN) slid sharply in Monday trading, extending a volatile stretch that has turned the once-quiet Bitcoin miner into one of 2025’s loudest “AI infrastructure” tickers. Shares were recently around $36.22, down about 9.7% on the day after swinging between $40.63 and $35.59 with heavy volume. The pullback is landing right in the middle of an unusually busy news cycle for IREN: a high-profile Microsoft GPU cloud contract, a multi‑billion-dollar refinancing and equity placement, and a growing debate about whether the market is underestimating (or overestimating) just how expensive it is to build