IREN Limited falls on Bitcoin drop and AI spending worries
IREN Limited ended Wednesday’s session down 9.5% at $49.51, holding close to the day’s low of $48.85. The shares traded as high as $55.70 earlier. IREN underperformed other AI, data center, and crypto-linked stocks on the Nasdaq. CoreWeave fell 5.4%, Core Scientific slipped 6.0%, and TeraWulf dropped 7.6%.