The positive movement in IREN's stock price is directly linked to the company's announcement of expanding and extending its AI cloud services with Poolside. This development is perceived positively by investors as it indicates potential growth and revenue opportunities. Additionally, the correlation between Bitcoin's price and IREN's stock price suggests that the uptick in Bitcoin has also contributed to the stock's positive performance. The dual factors of the partnership expansion and Bitcoin's rise create a favorable short-term outlook for IREN's stock.