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IREN Watch

IREN Watch posted a new activity comment

Update

What changed

IREN shares rose 6% in afternoon trading on 21 October, as AI data-centre stocks climbed on renewed attention to power supply. 24/7 Wall St reported that TeraWulf chief executive Paul Prager said demand for power remained “extremely strong” and that the company’s Lake Mariner site was energised to meet it.

The report also said TeraWulf’s next data-centre building at Lake Mariner, leased to Fluidstack, was on track for delivery this quarter. Prager said customers would likely need outside funding, while pledging that TeraWulf would not take on that financial risk or dilute shareholders.

Applied Digital rose 9% and TeraWulf 8% in the same trading account. That makes the IREN move part of a wider market response to power availability, rather than a fresh company-specific financing update.

Sources and evidence
  • 24/7 Wall St: 24/7 Wall St reports that IREN shares were up 6% in afternoon trading, Applied Digital shares were up 9%, and TeraWulf shares were up 8%.

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