Iren shares down over 70% from all-time high despite strengthening fundamentals
IREN IREN Ltd
$20.83 +5.55%
View chart & analysis → - 1Iren shares have fallen more than 70% from their all-time high.
- 2Iren's AI cloud revenue nearly tripled from the previous quarter to reach $200 million.
- 3Iren revealed a development pipeline of over 35 gigawatts.
So what's the key point?
Iren's stock price has dropped more than 70% from its peak. However, its fundamentals have strengthened as AI service revenue grew significantly to $200 million.
Source The Motley Fool +1 · View original ↗
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