🟢 IREN is trading 3.8% up today on AI expansion optimism and short-covering

IREN is trading at $43.98 (+3.83%) as the stock rebounds from its February 20 close, driven by optimism surrounding AI expansion and short-covering activity.

• The recovery comes despite a downturn in the crypto market, with Bitcoin down 1.61% and Ethereum falling 1.73% since the previous close.
• Broader market sentiment remains slightly positive with the Nasdaq up 0.39%, helping the stock bounce back from its recent 7.65% decline.