IREN is trading at $30.55 (+4.21%) in pre-market as a recovery in the cryptocurrency market and broader tech gains support crypto-linked equities.
- Bitcoin and Ethereum rose 1.09% and 1.38% respectively since the prior close, providing a tailwind for the sector.
- The move follows a sharp 13.62% decline on July 29, suggesting the current activity may reflect a technical bounce.
- Broader market sentiment is firming, with Nasdaq futures and major tech stocks gaining on improved momentum within the AI space.