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Find the latest iren limited (iren) stock quote, history, news and other vital information to help you with your stock trading and investing. Iren stock drops after the company announces an offering of ordinary shares as well as a total of $2 billion in convertible senior notes. Iren also expects to grant the initial purchasers of the notes options to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an.
Iren secures $9.7b ai deals, targets $3.4b revenue, has limited ai income, major bitcoin exposure and significant valuation risk The offering includes an option for initial purchasers to buy additional notes, which could further increase total funding and provide financial flexibility for iren. Learn why iren stock is a hold.
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Iren limited shares soar 11.38% fueled by investor optimism following strategic business advances and robust earnings projections Key takeaways shares registered a remarkable increase of 22% following iren’s announcement of a substantial $9.7b gpu cloud services contract with microsoft and a parallel $5.8b equipment deal with dell technologies Analysts worldwide have brightened iren. Iren plans to raise a total of $2 billion through the offering of convertible senior notes due 2032 and 2033, indicating strong market interest and potential for capital influx
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