IREN Ltd is trading 6% up at $63.26 in pre-market, extending a sharp two-day rebound following significant gains on June 11–12.
- The upward move aligns with firmer Bitcoin and Ethereum prices and a broad risk-on rally in U.S. equity futures.
- Market sentiment is being bolstered by easing geopolitical tensions and lower oil prices, which are driving demand for crypto-related and growth stocks.
- There is no fresh company-specific news, suggesting the price action is primarily driven by macro factors and a continuation of the recent recovery trend.