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The Crowd Is Dumping Iren. Here's Why I'd Be Buying It Down 54%.

Apr 08, 2026 01:05 UTC

Key PointsThe lack of a new hyperscaler deal and capital raises have caused investors to rush for the exits..

  • April 07, 2026 — 09:05 pm EDT Written byMarc GubertiforThe Motley Fool-> The lack of a new hyperscaler deal and capital raises have caused investors to rush for the exits
  • Iren is still in the right place at the right time in one of the most promising industries
  • Iren is securing more gigawatts and buying additional Nvidia chips at attractive financing, which indicates it's preparing to land multiple deals

April 07, 2026 — 09:05 pm EDT Written byMarc GubertiforThe Motley Fool-> The lack of a new hyperscaler deal and capital raises have caused investors to rush for the exits. Iren is still in the right place at the right time in one of the most promising industries. Iren is securing more gigawatts and buying additional Nvidia chips at attractive financing, which indicates it's preparing to land multiple deals. Not that long ago,Iren(NASDAQ: IREN)enjoyed a monumental bull run, soaring from $5 to $76 in less than a year. That euphoricmomentumhas been depleted. The stock has crashed by 54% from its

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