IREN is trading at $54.79 (+10.73%) following its $625M all-stock acquisition of cloud provider Mirantis, marking a strategic pivot from Bitcoin mining to AI data centers.
- The deal has fueled significant investor excitement, pushing shares well beyond yesterday's close of $49.48.
- The rally is supported by broader market gains (Nasdaq +1.08%) and positive crypto sentiment, with Bitcoin providing a modest +1.58% tailwind.