IREN is trading at $50.47, up 10.53%, after the company announced the successful energization of its 1.4-gigawatt Sweetwater 1 data center site in Texas. [3, 14]
- This key milestone connects the site's high-voltage substation to the Texas power grid (ERCOT), advancing the development of its 2-gigawatt campus designed for AI infrastructure and Bitcoin mining. [3, 14]
- Investors are reacting positively to the company's execution on its expansion strategy, with the stock rallying ahead of its Q3 earnings report scheduled for May 7. [13]