IREN announces energization of Sweetwater 1 data center site in Texas, shares up (IREN:NASDAQ)

IREN announces energization of Sweetwater 1 data center site in Texas, shares up (IREN:NASDAQ)

IREN (IREN) was trading higher as the large-scale data centers and GPU clusters company announced the successful energization of its 1.4 GW Sweetwater 1 data center site in Texas.

Why IREN Stock Jumped 10% After Sweetwater 1 Hit the Texas Grid

IREN Ltd shares rose over 10% Monday after the company said its 1.4-gigawatt Sweetwater 1 data center in Texas had been energized and connected to the ERCOT grid. The stock traded at $50.37, up $4.71. The milestone comes days before IREN’s fiscal third-quarter results, with analysts split on the company’s shift from crypto mining to AI cloud infrastructure. The post Why IREN Stock Jumped 10% After Sweetwater 1 Hit the Texas Grid appeared first o…