IREN hopping up 8% today. Lets find out what's happening:

Iris Energy Ltd (IREN) is trading 8% higher at $5.015 today. While the Information Technology sector is having a cheery day in general, the company is quickly outpacing it's peers.

The only recent catalyst seems to be:
-H.C. Wainwright has started Iris Energy Ltd. at Buy

Iris Energy Ltd has been trading between a 52-week high of $28.25 and a 52-week low of $2.89. The stock has a market cap of $278 Million.

Iris Energy is a sustainable Bitcoin mining company that supports local communities, as well as the decarbonization of energy markets and the global Bitcoin network. Focus on low-cost renewables: Iris Energy targets entry into regions where there are low-cost, abundant and attractive renewable energy sources, and where the Company can support local communities Long-term security over infrastructure, land and power supply: Iris Energy owns its electrical infrastructure and data centers, providing security and operational control over its assets. Iris Energy also focuses on grid-connected power access which helps to ensure it is able to utilize a reliable, long-term supply of power Seasoned management team: Iris Energy’s team has an impressive track record of success across energy, infrastructure, renewables, finance, digital assets and data centers