IREN Shares Plunge 7.37% on $810M in Trading Volume as Digital Shovel Completes Early Power Project to Boost Bitcoin Mining and AI Cloud Operations with Renewable Energy Integration Ranking 111th in Market Activity

On September 4, 2025, IREN (IREN) fell 7.37% with a trading volume of $0.81 billion, ranking 111th in market activity. The decline coincided with the announcement of a completed infrastructure project by Digital Shovel, which delivered 493 MW of busway sets to IREN’s Childress Data Center. The order, finalized ahead of schedule, supports IREN’s Bitcoin mining and AI cloud operations, emphasizing renewable energy integration.

The project, initiated in February 2024, supplied nearly 500 MW of power infrastructure, enabling IREN to accelerate its operational timeline without delays. Digital Shovel’s CEO highlighted the alignment of their solutions with IREN’s sustainable data center goals, positioning the collaboration as a foundation for future infrastructure expansion. The successful execution underscores IREN’s strategic focus on high-performance, energy-efficient computing while leveraging 100% renewable energy sources.

IREN’s large-scale data centers, located in regions with abundant renewable resources, are critical to its growth in Bitcoin mining and AI services. The partnership with Digital Shovel reinforces IREN’s ability to scale operations efficiently, potentially attracting further investment in its vertically integrated model. Analysts may view this milestone as a positive catalyst for long-term growth, though short-term volatility remains subject to market conditions and broader sector trends.