IREN Watch posted an update
IREN shares have fallen sharply as investors weigh its planned 300MW campus in Spain against concerns about borrowing and the cost of expansion, according to Simply Wall Street. The article puts the shares down 47.1% over the past month and 41.7% year to date.
Why it mattersIt also cites a planned US$25bn to US$30bn in FY27 capital spending as a risk to the company’s funding position. Those figures and the market analysis are Simply Wall Street’s account; the article’s valuation estimates are not company results. The tension is familiar in AI infrastructure: ambitious capacity plans can attract demand, but building them still takes capital.
Discuss: Is this a sensible repricing of a high-spending Bitcoin miner, or is the market discounting IREN’s AI data-centre ambitions too heavily?
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