IREN Limited stock slides 10% as bitcoin cools — what investors watch next
New York, January 6, 2026, 14:22 (EST) — Regular session IREN Limited (IREN) shares fell about 10% on Tuesday, retreating with other crypto-linked names as bitcoin turned lower. The Nasdaq-listed stock was down 10% at $43.43, after trading between $47.79 and $43.19 on volume of about 26.3 million shares. The move matters now because IREN has become a high-beta proxy — meaning it often moves more than the broader market — for two themes that can swing fast: bitcoin prices and demand for power-hungry AI computing. When either narrative shifts, the stock tends to magnify the turn. Tuesday’s drop followed