🟢 IREN is trading 5% up today as major U.S. indices rise

IREN is trading at $26.18, up 5.12%, as major U.S. indices rise, supporting a broader risk-on explanation.

• Reuters reported IREN was down 3.3% premarket after Elon Musk warned of neocloud failures and consolidation; the report raised sector-wide concerns, not an IREN-specific announcement.
• IREN’s current move reverses that initial reaction. Bitcoin is down 0.59% and Ethereum 1.41% since the prior close, so crypto is not confirming the gain.