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IREN Limited (NASDAQ:IREN) shares climbed on Monday. This move follows a massive power milestone in Texas and heavy investor positioning.
The Nasdaq is down 0.38% while the S&P 500 has shed 0.48%.
Sweetwater 1 Hits Grid Milestone
The company announced the successful energization of its 1.4 gigawatt (GW) Sweetwater 1 data center site. This connects the high-voltage substation to the ERCOT grid. This site serves as a foundation for the broader 2GW Sweetwater campus.
CEO On Infrastructure Execution
Management credited the “disciplined execution” of their vertically integrated model. Co-CEO Daniel Roberts stated, “Delivering Sweetwater 1 substation energization on schedule reflects our disciplined execution, the strength of our …
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