IREN is trading 6.1% down at $28.54 on October 16 amid neocloud-sector concerns. - Reporting linked pressure on IREN and peers to Gartner’s warning that more than 80% of neocloud providers could cease operating independently by 2030. - A separate October 16 report said IREN was down 5% to $28.94 in morning trading, unlike the live price. - No new IREN-specific announcement was identified. Bitcoin fell 0.37% since its last close; Ethereum rose 0.42%; neither appears to explain the decline.