IREN: A 40% Pullback In A $3.4B ARR Future

Core Viewpoint - Iren Limited (IREN) has experienced a significant rally of over 1,300% from April to November, but has since seen a decline of approximately 40% since November 5 [1] Company Performance - The stock of Iren Limited has been one of the hottest in the market, reflecting strong investor interest and performance [1] - The recent downtrend indicates a potential shift in market sentiment or profit-taking by investors after the substantial gains [1] Market Context - The dramatic rise and subsequent decline of Iren Limited's stock may reflect broader market trends or sector-specific dynamics that could impact future performance [1]