On June 15, IREN Ltd rose 5.19% in regular trading, trading at $61.08/share, with turnover of $814 million.

On the news front, IREN announced the completion of its acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected data center infrastructure, marking the company's expansion of its AI cloud platform into the European market. The acquisition strengthens IREN's global footprint as it continues its strategic transformation from a bitcoin mining operation to an AI infrastructure provider.

The move also comes amid broader positive sentiment following B.Riley's recent upgrade of IREN's target price from $88 to $96 while maintaining a Buy rating. IREN had previously experienced a pullback exceeding 10% over two consecutive trading sessions due to concerns over financial leverage after completing a $36.5 billion investment-grade GPU financing. The current rebound reflects oversold recovery dynamics, supported by fundamental catalysts including a $9.7 billion Microsoft long-term computing agreement, up to $2.1 billion in NVIDIA investment, and a South Australia 800MW data center transmission connection agreement.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)