Here’s what’s driving Iren’s stock higher after a brutal selloff
Summary
Shares of Iren are recovering from a severe market decline following the announcement of a fresh cloud-computing agreement. Additionally, the company highlighted that a significant portion of its existing backlog involves financially stable business partners.
Iren announced a new cloud-computing deal and noted that much of its backlog is tied to “investment-grade counterparties.”
Source: Read the full story at MarketWatch.com - Top Stories
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