IREN stock remains under significant pressure. The share price fell approximately 20% in the five days leading up to April 3.
Freedom Capital recently issued a 'Hold' rating. The firm cites execution risk in IREN's transition from cryptocurrency mining to AI cloud infrastructure. This process could take longer than previously indicated.
Energization of the Sweetwater substation remains anticipated for April 2026. This event marks a key milestone in the company's AI transition.