Aussie-founded Iren’s shares surged almost 25 per cent after it announced a huge deal with Nvidia, but fell back just as quickly as investors figured things out.

IREN shares soared after the data center operator announced a partnership with semiconductor giant Nvidia.

Aussie-founded Iren’s shares surged almost 25 per cent after it announced a huge deal with Nvidia, but fell back just as quickly as investors figured things out.