IREN is trading at $40.10 (+4.81%) in pre-market, building on a 30.54% jump from the previous session following reports that Citadel purchased a liquidated $300 million AI fund position.
- The stock's upward movement persists despite a slight decline in the crypto sector, with Bitcoin and Ethereum trading down 1.30% and 1.58% respectively.
- High pre-market volume indicates sustained trader interest in the company-specific catalyst and the recent technical breakout.