B. Riley Sees Buying Opportunity as Bitcoin Miner IREN Stock Plunges 47%

Financial services firm B. Riley has identified a significant buying opportunity in shares of Bitcoin mining company IREN (IREN), following a steep 47% decline in its stock price. The analyst firm maintains a positive outlook on IREN, suggesting the current valuation dip presents an attractive entry point for investors. This recommendation highlights confidence in the company's fundamentals and long-term prospects within the competitive Bitcoin mining sector, despite recent market volatility impacting its share performance. The focus remains on IREN's operational capacity and strategic positioning to capitalize on future Bitcoin network growth.