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IREN Stock Plunge Tied to British Columbia’s Power Policy Shift Impacting Crypto Miners

IREN Stock Plunge Tied to British Columbia’s Power Policy Shift Impacting Crypto Miners

Author:

Global Cryptocurrency

Published:

2025-10-22 13:07:01

17

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BTCCSquare news:

IREN Limited's shares plummeted over 12% across two trading sessions as British Columbia unveiled plans to overhaul power allocation for data centers and AI firms. The proposed policy mandates competitive bidding for electricity access, with crypto mining operations explicitly barred from grid connections—a move Energy Minister Adrian Dix framed as prioritizing 'natural resources.'

The abrupt reversal in IREN's upward trajectory reflects market concerns over constrained energy access for data center operators. British Columbia's 100MW biennial cap for data centers and permanent crypto mining ban signal tightening infrastructure constraints for power-intensive industries.

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