IREN Sinks 6%, Then Recovers After Co-CEO’s No-Debt Reassurance as Neocloud Worries Persist; TeraWulf and Applied Digital Rise 3%

IREN's co-CEO went public to defend the company's finances as sector analysts warned that most neocloud providers won't survive the decade. Whether his reassurance or the analysts' math wins out could determine where IREN stock heads next.