IREN is trading 6.1% up at $55.91 as its relief rally continues following the Awaken acquisition-driven selloff and easing concerns over AI-related capex.
- Shares are rebounding despite softer crypto prices and a slightly weaker broader market, signaling a company-specific sentiment reset.
- Traders are reassessing prior fears that AI and data center spending would compress returns, supporting ongoing dip-buying interest.