IREN stock price slides as bitcoin drops; Feb. 5 earnings now the next test
IREN stock dropped 8.5% to $54.73 by midday Friday, slipping $5.11 from Thursday’s close. Bitcoin’s decline hit crypto-related stocks hard as traders pulled back. The shares started the day at $58.39, briefly climbed to $59.35, then slid down to $54.68 on roughly 21.7 million shares traded.