📢 Are there any recent news or announcements that could be influencing IREN's stock price?

Yes, there have been several recent news and announcements that could be influencing IREN's stock price. Here are some of the key ones: 1. **JPMorgan Downgrade**: IREN's stock price was negatively impacted by a JPMorgan downgrade from buy to neutral, which caused the stock price to drop by 6.6%. This downgrade suggests that the analyst believes the stock may not perform well in the near term. 2. **Strategic Shift and Financial Performance**: IREN's recent stock price movement reflects the market's reaction to its strategic shift and financial performance. Despite a record monthly revenue of $68 million and the achievement of its self-mining target of 50 EH/s, the company's pre-tax profit margin of -756.9 indicates substantial unprofitability. 3. **Bitcoin Price Volatility**: The cryptocurrency market, in which IREN operates, is known for its high volatility. Fluctuations in Bitcoin prices can significantly impact the company's performance and, consequently, its stock price. 4. **Technological Advancements**: Rumors of new technological advancements by IREN have indicated a competitive edge, potentially disrupting existing market trends and driving investor interest. 5. **Economic and Trade Developments**: Broader economic indicators, such as the Fed's messaging and concerns over the independence of federal organizations, can influence investor sentiment and stock prices. Additionally, trade developments, such as reciprocal tariffs and tariff rate adjustments, can impact stock performance. These news and announcements could be influencing IREN's stock price in the short-term.