IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
It entirely rewrites the fundamental valuation matrix of the underlying business. IREN’s stock price jumped nearly 20% on the news, erasing a brutal trailing 30-day drawdown and closing above $40 per share. The market is waking up to a stark reality.
