IREN is trading at $41.98, up 5.16% during Monday's session, continuing its strong momentum supported by a broader market rally and crypto tailwinds.
- The stock is building on a significant 11.51% surge recorded during Friday's trading session.
- Broader market indices are providing support, with the S&P 500 up 0.58% and the NASDAQ up 0.63%, driven by AI-related optimism.
- Ethereum's climb of 2.37% since Friday's close provides tailwinds, amplified by IREN's high beta of 2.27, making it particularly sensitive to market movements.