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Iren stock news
The gist
IREN stock rose 7.9% after its 2GW Texas Sweetwater hub was conditionally included in ERCOT's Batch Zero process.
The move eases grid-access risk, but investors still want proof the AI pivot can deliver.
How it unfolded
- Sep 8, 2026IREN announced its 2GW Sweetwater Hub in Texas was conditionally included as Base Load in ERCOT's Batch Zero process; Sweetwater 1 totals 1,400MW and Sweetwater 2 totals 600MW.
- Sep 8, 2026IREN stock rose 7.9%, with the ERCOT inclusion cited as the most likely catalyst; 300MW of gross data center capacity remains under construction with delivery targeted for Q4 2027.
- Sep 11, 2026IREN stock fell as investors demanded proof over AI promises, with attention on converting large AI contracts into active GPU clusters that show up in revenue.