IREN Surges 7.31% Despite 34.56% Volume Drop Ranks 26th in Market Liquidity

On October 13, 2025, IREN (IREN) surged 7.31% to close at its highest level in over a month, despite a 34.56% drop in trading volume to $3.05 billion. The stock ranked 26th in terms of liquidity across the market, indicating a concentration of momentum-driven activity amid reduced broader participation.

Recent developments highlighted IREN’s strategic expansion into renewable energy infrastructure, with a newly announced partnership to co-develop offshore wind projects in the Mediterranean. Analysts noted the collaboration could unlock significant long-term revenue streams, though short-term execution risks remain. The stock’s performance was also influenced by renewed investor confidence in European utilities following regulatory clarity on green energy incentives.

Back-testing of the “RSI Oversold 1-Day Hold” strategy revealed a total return of 29.66% over the tested period, with an annualized return of 8.02%. The strategy experienced a maximum drawdown of 12.92% and a Sharpe ratio of 0.53, suggesting moderate risk-adjusted returns. Adjustments to RSI thresholds or exit parameters could optimize outcomes, but current conditions appear favorable for momentum-based positioning in IREN.