IREN is trading at $51.80 (+7.04%) following the arrival of the final transformer at its Sweetwater 1 site, a key milestone advancing the 1,400MW AI power facility toward energization.
- The stock continues its upward momentum after yesterday's 7.13% surge to $48.39, significantly outperforming the S&P 500.
- Shares are showing relative strength despite broader market weakness and a downturn in the crypto sector, with Bitcoin and Ethereum trading lower.