Iren Shares Rise on Australian Data Center Project Plans

Dow Jones06-03 20:38

By Katherine Hamilton

Iren shares rose after the company announced a data center campus in Australia.

The stock advanced 5.8% to $70.49 in pre-market trading Wednesday. Through Tuesday's close, shares were up 76% this year.

The data center owner and operator said it has signed a transmission connection agreement to support a planned 800-megawatt data center campus in Bundey, South Australia.

The project marks Iren's first Australia data center project and one of the biggest of its kind in the Asia-Pacific region.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 03, 2026 08:38 ET (12:38 GMT)

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