IREN stock drops 7% after Monday surge as bitcoin slips; CES chip news in focus
IREN shares fell 7.2% to $44.75 in midday Nasdaq trading Tuesday, reversing a 13% surge from the prior session as bitcoin slipped 1%. The stock’s drop tracked declines in other crypto miners, with Marathon Digital, Riot Platforms, and CleanSpark down 2% to 5%. Investors are focused on CES 2026 developments and IREN’s Feb. 11 earnings report.