🟢 IREN is trading 10% up today after Sweetwater Hub’s conditional Base Load designation

IREN is trading at $49.20 (+10.12%) after its 2GW Sweetwater Hub was conditionally included as a Base Load resource in ERCOT’s Batch Zero process.

• The designation advances IREN’s Texas data-center expansion and helps clear a major grid-interconnection hurdle.
• Further approvals remain necessary.
• Bitcoin is down 0.95% since the last close, so crypto weakness does not explain IREN’s sharp gain.