IREN Ltd is trading 7.3% up at $71.45 in pre-market sessions after announcing a large-scale expansion into South Australia with a planned 800MW data center campus.
- The project signals a major growth push into high-performance computing (HPC) capacity, significantly scaling the company's infrastructure footprint.
- Market enthusiasm for the expansion appears to be outweighing recent volatility and weakness in Bitcoin and the broader cryptocurrency markets.