Why Is IREN Stock Down 6.27% Today, Oct 7? AI Infrastructure Concerns and Bitcoin’s Drop Weigh on Shares

IREN fell 6.27% amid SemiAnalysis criticism of data-center reliability at legacy Canadian sites and questions around managed-cloud readiness, raising execution risk as the company pivots toward AI infrastructure where uptime is critical. BTC weakness and higher Treasury yields compounded pressure by tightening risk appetite for capital-intensive, crypto-linked growth businesses. Near-term positioning is constrained by the break below key moving averages, keeping sentiment cautious.