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Why IREN Limited Sank Over 21% in November
The Motley Foolยท 2025-12-08 10:51
The bond market blinked over funding massive AI data centers, but IREN went ahead with financing anyway.Shares of Bitcoin miner-turned-AI neocloud IREN Limited (IREN 3.55%) sank 21.3% in November, according to data from S&P Global Market Intelligence.The stock's decline wasn't necessarily due to anything IREN did wrong -- quite the contrary, actually. In fact, IREN only had positive news at the company level.Still, overall concerns about the safety of the AI buildout harmed virtually all companies involved ...