🔴 IREN is trading 9.2% down today as Democratic wins raise data-center oversight concerns

IREN is trading 9.24% down at $22.28, with concern that Democratic election victories, including in Texas, could lead to tougher oversight or restrictions on data-center development.

• Reuters reported IREN among data-center stocks trading lower as investors weighed those risks and scrutiny of AI spending.
• Bitcoin and Ethereum are higher, so crypto prices do not explain the decline.
• IREN’s Q1 FY27 results are scheduled for November 5 and have not yet been reported.