🔴 IREN is trading 4.2% down in pre-market amid Bitcoin and Ethereum declines

IREN is trading 4.2% down at $43.47 after Bitcoin fell 1.87% since the previous close and Ethereum declined 2.11%.

• Technology-heavy Nasdaq futures weakened; broader risk-off sentiment weighs on IREN as S&P 500 is down 0.54% and Nasdaq Composite futures are down 1.29% amid higher oil prices and geopolitical concerns.
• No new negative company-specific announcement was identified for September 10.
• IREN’s latest release highlighted 2GW Sweetwater Hub’s conditional inclusion in ERCOT Batch Zero, a generally constructive development.