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EconomyIREN shares fall 8% as costly AI transition weighs on earnings

IREN shares dropped 8% as weakening profitability overshadowed a major milestone in the company’s transformation into an AI cloud provider.

IRENAI cloudprofitability

CCoinDesk★★☆☆☆2026-08-28 09:07Original

IREN shares fall 8% as costly AI transition weighs on earnings
IREN shares fall 8% as costly AI transition weighs on earningsEconomy