🔴 IREN is trading 5% down as reported outage complaints weigh on shares

IREN is trading 5.09% down at $33.03, under pressure after SemiAnalysis reported customer complaints about outages, network disruptions and storage failures at its British Columbia sites. - Bitcoin is up 0.54% since the prior close, so crypto weakness does not explain the decline; IREN’s fall is much larger than the crypto move provided. - Broader AI infrastructure shares face concerns about Chinese competition, rising financing costs and stretched valuations. No clear new IREN announcement was identified for October 13.