Popular crypto stock tanks 13% despite bullish Wall Street calls

Wall Street is at war over IREN. While Cantor Fitzgerald predicts a massive 181% upside to $99, JPMorgan has a "Sell" rating at just $46. The company just posted a staggering $684 million net loss, largely from decommissioning its Bitcoin mining hardware to pivot to AI. Despite 2026 capacity being sold out, the stock recently tanked 13%. Is IREN a visionary AI leader or just a cash-burning miner in disguise? Who do you trust: the $99 bulls or the $46 bears?
This summary was generated by AI