On June 3, IREN Ltd rose 6.87% in pre-market trading, trading at $71.0/share, with trading volume of approximately $67.9 million.
On the news front, IREN signed a transmission connection agreement to support its planned 800-megawatt data center campus in Bondi, South Australia, marking a significant milestone in grid access for the large-scale project. The agreement secures critical infrastructure needed to advance the development of this major facility.
The move extends a series of positive catalysts for the stock. IREN recently completed a $3.65 billion investment-grade GPU financing to support AI cloud computing delivery, and announced a partnership with BE Networks to simulate and validate deployment of over 50,000 NVIDIA Blackwell Ultra GPUs. Earlier, the company signed a $1.6 billion purchase agreement with Dell for air-cooled Blackwell AI systems to be deployed at its Childress, Texas campus, targeting annualized recurring revenue growth from $3.7 billion to $4.4 billion. Deep partnerships with NVIDIA (up to $2.1 billion investment) and Microsoft ($9.7 billion computing agreement) further reinforce market confidence in IREN's AI infrastructure transformation trajectory.
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