IREN stock drops 7% into MSCI index add — what traders watch before Monday
IREN shares closed down 7.44% at $40.95 Friday, with volume doubling to 52.7 million ahead of the company’s addition to the MSCI USA Index after Feb. 27. Bitcoin slid near $65,000, weighing on crypto stocks. IREN reported a $155.4 million quarterly net loss on $184.7 million revenue, mostly from bitcoin mining. U.S. markets will reopen Monday after the weekend.