IREN Surges 3.06% on 87.73% Volume Jump to $670M Ranks 127th as Digital Shovel Partnership Accelerates BitcoinAI Infrastructure

On August 28, 2025, IREN (IREN) surged 3.06% with a trading volume of $0.67 billion, marking an 87.73% increase from the previous day and securing the 127th highest trading volume on the day. The stock’s momentum coincided with a major development in its infrastructure partnership.

IREN announced the successful completion of a strategic collaboration with Digital Shovel, a crypto mining infrastructure provider, under which 493 MW of busway sets—including active units and spares—were delivered ahead of schedule. The partnership, initiated in February 2024, supplied critical infrastructure to power IREN’s data centers optimized for Bitcoin mining and AI cloud services using renewable energy. The early delivery enabled IREN to accelerate its operational timeline, reflecting strong execution and alignment with its sustainability goals.

Scot Johnson, CEO of Digital Shovel, emphasized the collaboration’s significance, highlighting the companies’ shared vision for energy-efficient data centers. The timely completion also opens avenues for future projects, as both firms aim to scale infrastructure solutions amid rising demand for renewable energy-powered computing applications.

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