IREN shares fall about 40% in a month to 52-week low
- —Shares down about 40% in a month, near 52-week low
- —Stock previously traded about 52% below its yearly high
- —AI cloud ARR target above $4 billion by year-end, ~85% contracted
- —Multi-year AI cloud deals with Microsoft and Nvidia worth $2.8 billion
Why it matters: IREN's slide shows how investors are pricing miners' pivot into AI infrastructure amid pressure on bitcoin mining economics.
Source: TokenPost