Why IREN stock is up today: bitcoin bounce sparks an ~12% jump
IREN Limited shares jumped 12% to $42.25 Friday, tracking bitcoin’s rebound and a rally in U.S.-listed crypto miners. Bitcoin traded near $89,700, up 1.8%. IREN filed a Form S-8 to register shares for employee benefit plans. The company’s stock has drawn attention since signing a $9.7 billion AI infrastructure deal with Microsoft.