IREN is trading at $27.77, down 8.97%, as neocloud and AI-infrastructure concerns pressure the sector. - Gartner warned that more than 80% of neocloud providers could cease independent operations by 2030; rising CoreWeave borrowing costs intensified concerns about financing AI buildouts. - Hotter inflation revived rate concerns and weighed on technology shares. Bitcoin fell 1.60% and Ethereum 3.62%, less than IREN; no verified IREN-specific announcement explains the drop.