IREN is trading at $32.65 (-4.22%) in pre-market, mirroring sharp drops in major cryptocurrencies and escalating geopolitical tensions that are weighing on mining stocks.
- Major tokens are under pressure with BTC down -1.99%, ETH falling -4.05%, and SOL dropping -4.22% since the last close.
- The crypto weakness aligns with a broader risk-off move in US futures, with the S&P down -1.11% and Nasdaq down -1.37% amid rising tensions in Iran.