$IREN premarket pumped 7%, open dumped to 1%.

Rumors of multi-year cloud deal with $Anthropic. Both sides playing dead, zero confirmation.

YTD still -16%. Down 50%+ from 52w highs at $77.

Same playbook as $AESI—pumped 15% on Anthropic rumors, bled it all back.

Weak stocks + unconfirmed catalysts = classic pump & fade. Don't chase ghosts.