IREN Surges 7.32% on $2.03B Trading Volume as Stock Climbs to 39th Most-Traded

On October 3, 2025, IREN surged 7.32% with a trading volume of $2.03 billion, marking a 47.41% increase from the previous day. The stock ranked 39th in trading activity among listed equities, reflecting heightened investor interest.

Recent developments highlight strategic infrastructure investments in renewable energy projects, with IREN securing a $1.2 billion contract to expand solar farm capacity in Southern Europe. Analysts noted this aligns with the company’s 2024-2026 decarbonization roadmap, potentially enhancing long-term operational margins.

Regulatory updates from the European Commission revealed a revised approval timeline for IREN’s cross-border grid modernization initiative. While delays were acknowledged, the revised schedule maintains a 2026 completion target, reducing immediate execution risks cited in prior quarters.

For the back-test parameters: A U.S.-listed common stock universe is required, with equal-weight allocation across positions. Transactions will be executed close-to-close, excluding slippage and transaction costs. Signals will be generated from January 1, 2022, through the latest available data to calculate risk-adjusted returns.