IREN is trading at $27.32, down 10.12%, amid neocloud-provider pressure after Gartner warned that more than 80% could lose independence by 2030. - Reports also link the sector selloff to concerns about AI infrastructure costs and financing. - Morningstar lowered its IREN fair-value estimate to $37 from $43, citing borrowing costs and competition for capital. - Bitcoin is down 1.30% and Ethereum 1.27% since the prior close, smaller moves than IREN’s; no separate IREN announcement was identified.