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Crypto

Iren Stock Plunges 14% Amid Woes for Bitcoin Mining Sector

Guavy AI Editorial Team
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BTC
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The stock price of Iren fell by 14% in after-hours trading on July 29, 2026. According to data from 24/7 Wall St., the company's share price dropped to $29.31. This decline is part of a larger trend affecting Bitcoin mining stocks, which are struggling to maintain momentum despite their pivot towards AI data center hosting.

Iren's stock had opened at $34.07 earlier in the day but closed significantly lower due to the pressure facing the sector. The price swing marks a significant change for Iren investors, who must now adjust their expectations and strategies in response to this new development.

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