🔴 IREN is trading 12% down today as election victories raise AI infrastructure oversight fears

IREN is trading 12.22% lower at $21.47, as data-center stocks face industry-wide regulatory concerns following Democratic election victories.

• Reuters reports concerns about tighter oversight of AI infrastructure, including in Texas; no IREN-specific announcement was reported.
• Bitcoin is up 3.48% and Ethereum 5.57% since the prior close, so crypto strength does not explain the decline.
• Broader U.S. indexes are higher, highlighting pressure on data-center names.