Leveraged ETFs tied to IREN surged up to 40% on Monday, sharply outperforming the underlying shares. The move followed IREN raising its long-term cloud revenue outlook and announcing $2.8B in new customer contracts, signaling a stronger revenue trajectory. The outlook upgrade and contract inflows together drove the outsized ETF reaction.
Leveraged ETFs tied to IREN surged up to 40% on Monday, sharply outperforming the underlying shares. The move followed IREN raising its long-term cloud revenue outlook and announcing $2.8B in new customer contracts, signaling a stronger revenue trajectory. The outlook upgrade and contract inflows together drove the outsized ETF reaction.
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strongly positive
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0.70
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