IREN is trading at $37.66 (+5.37%) in after-hours, reversing earlier session weakness as major cryptocurrencies rally on a geopolitical risk-on shift.
- Bitcoin and Ethereum have climbed 2.29% and 3.21% respectively since the market close, providing a direct catalyst for the crypto-mining and infrastructure firm.
- The broader market sentiment improved as investors monitor potential diplomatic progress in the Iran-U.S. standoff ahead of an 8 PM ET deadline.