IREN Shares Drop 47% from High, B. Riley Maintains Buy Rating
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 23 2025- Stock Volatility: IREN shares have fallen 47% since reaching a 52-week high on November 5; however, B. Riley maintains a buy rating and a $74 price target, indicating analysts see the current price as a potential entry point for investors.
- Industry Performance: During the same period, mining stocks dropped about 25% on average, with IREN underperforming both bitcoin mining peers and high-performance computing companies, highlighting its relative weakness in the market.
- Capital Structure: IREN plans approximately $11.6 billion in capital expenditures for high-performance computing (HPC), with a significant portion allocated to large-scale GPU deployments and a strategic partnership with Microsoft, and analysts estimate that about $8.85 billion in funding is already secured.
- Market Sentiment: B. Riley analysts suggest that the 47% decline is sentiment-driven rather than indicative of a fundamental breakdown in IREN's business, viewing this as an opportunity for investors to build positions ahead of a potential recovery in AI market enthusiasm.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
