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CoinOtag 2024-07-12 18:44:03

Bitcoin Mining Company IREN’s Stock Plummets 24% After Culper Research Labels It ‘Wildly Overvalued’

The shares of Bitcoin mining company IREN, previously known as Iris Energy, experienced a significant decline on the Nasdaq after a critical report from Culper Research. The report accused IREN of being “wildly overvalued” and suggested a drastic reduction in its stock price, ranging from 52% to 79% lower than its current market value. “IREN

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