🔴 IREN is trading 4.1% down today as report links Canadian data-center concerns to drop

IREN is trading 4.1% lower at $22.96, with coverage linking data-center reliability concerns to the decline.

• A November 2 report cited customer accounts of outages and power, network, and storage failures at IREN’s Canadian data centers; the allegations were reported earlier.
• Bitcoin and Ethereum are nearly flat since the prior close; major U.S. indices are higher, so broader moves do not appear to explain the drop.
• IREN’s Q1 FY27 results are scheduled for November 5.