10 Biggest Losers of This Week

6. IREN Ltd. (IREN)

IREN Ltd (IREN), a company operating bitcoin mining data centers, saw its stock price fall by more than $2 since December 16th to close at $11.81 on Tuesday.

An analysis by InvestingPro said that Iris Energy’s current valuation appears to be “slightly undervalued” based on its Fair Value assessment, especially as the company continues to make strides in expanding its operations and diversifying into the artificial intelligence (AI) and high-performance computing sectors (HPC).

The company has demonstrated impressive growth, with revenue surging 119.92 percent in the last twelve months and maintaining a robust gross profit margin of 87.67 percent. Investors are keeping a close eye on its expanding operations in both Bitcoin mining and high-performance computing (HPC), as well as its diversification into the AI sector.