🟢 IREN Ltd. is trading 7.5% up after announcing plans for a new 800MW data center campus in South Australia

IREN Ltd. is trading 7.5% up at $71.59 in pre-market after the company announced a major expansion into Australia.

• The company announced it has signed a transmission connection agreement to support a planned 800MW data center campus in Bundey, South Australia.
• The new campus will have submarine fiber connectivity to key Asia-Pacific markets and is expected to begin energization starting in 2028.
• This news provides a specific, positive catalyst for the stock's pre-market rally, contrary to earlier suggestions of general market momentum.