IREN Ltd is trading 3.6% up today at $68.98 after announcing a massive 800MW data center campus in Bundey, South Australia, marking its first major infrastructure project in its home market.
- The move accelerates the company's strategic transition from Bitcoin mining toward large-scale AI infrastructure.
- Shares are showing significant strength despite a broader downturn in major cryptocurrencies like Bitcoin and Ethereum, suggesting today's gains are driven by company-specific growth catalysts.