🟢 Defiance Daily Target 2X Long IREN ETF is trading 6.4% up today after IREN unveils 800MW AI data center plan

Defiance Daily Target 2X Long IREN ETF is trading 6.4% up today after its sole underlying holding, IREN Limited, announced plans for a massive 800MW data center campus in Bundey, South Australia.

• The project is supported by a new transmission connection agreement, significantly expanding the company's footprint in the AI and data center infrastructure sectors.
• As a leveraged instrument targeting 2x the daily move of IREN, the ETF is seeing amplified gains in response to the positive development.
• The sharp move higher comes despite relatively flat performance across the broader equity markets today.