Iren shares fall as SemiAnalysis highlights data center reliability issues

Investing.com -- Shares of IREN Ltd (NASDAQ:IREN) fell over 6% in Wednesday trading following a series of critical social media posts from research firm SemiAnalysis, which reported severe user complaints regarding the infrastructure quality at the Bitcoin miner-turned-neocloud's data center facilities. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » According to posts published on X by SemiAnalysis, multiple neocloud customers and end users described Iren's legacy operational sites in Prince George and Mackenzie, British Columbia, as the "worst in the industry.