Infrastructure
Why Did IREN Stock Crash 11% Despite the Reported Anthropic Deal?
CoinCentral·October 19, 2026·1 min read
IREN stock fell 11% to $26.99 on Friday, October 16, with volume near 68 million. Rate fears and data center financing worries hit AI infrastructure names, including CoreWeave and Nebius. Barron's reported on October 12 that Anthropic agreed to a multiyear cloud deal with IREN, but neither company has confirmed it. Analysts maintain a Buy rating.
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