🔴 IREN is trading 4.23% down in pre-market on renewed U.S.-Iran tensions, oil and bond yields rise

IREN is trading 4.23% down at $43.00 after U.S. equity futures weakened amid renewed U.S.-Iran tensions, higher oil prices, and rising bond yields.

• Nasdaq futures were down 1.17% and the S&P 500 was down 0.50%, pressuring growth-oriented infrastructure stocks.
• Bitcoin was up 1.45% and Ethereum up 0.18% since the prior close, so crypto weakness does not explain the decline.
• IREN’s Microsoft milestone remains supportive; it was announced August 13, not overnight.