IREN successfully closed a convertible senior notes offering to raise approximately $3 billion in the United States, with net proceeds of roughly $2.96 billion after deducting fees and expenses. The convertible notes carry a 1% coupon rate and will mature in 2033. According to the...
Iren (IREN) stock surged after the bell on Thursday following a significant deal with Nvidia that includes both an earnings report and a new partnership to build AI infrastructure. The core of the news is a major investment commitment from Nvidia, valued at up to...
IREN Limited (NASDAQ: IREN) announced on August 4, 2026, that it has successfully completed the acquisition of Mirantis, Inc., a leading provider of cloud software and services. The deal was structured through the issuance of approximately 12.6 million ordinary shares fixed at signing, alongside cash,...
IREN Ltd. shares rose nearly 5% in overnight trading following reports that Anthropic has privately tendered for at least 1.4 gigawatts of cloud capacity from Australian data centers. The request for proposals, reviewed by The Australian Financial Review, lists IREN alongside competitors like CDC Data...
Jefferies has initiated coverage on IREN (IREN) with a Buy rating and a $79 price target, suggesting roughly 36% upside from the premarket trading price of approximately $58.11. Analyst Jonathan Petersen highlighted the company's key differentiators, including its ~6-gigawatt powered land bank and vertically integrated...
IREN Limited has officially priced a significantly up-sized private offering of $2.6 billion in aggregate principal amount of 1.00% convertible senior notes due 2033, increasing the originally announced size from $2 billion. The transaction settles on May 14, 2026, and the issuer has granted initial...
IREN Limited shares surged over 20% in after-hours trading following the announcement of a significant strategic partnership with Nvidia (NVDA) that signals a major shift toward artificial intelligence infrastructure. The agreement involves a five-year right for Nvidia to purchase up to 30 million IREN ordinary...
The article analyzes IREN Limited (IREN), a company transitioning from Bitcoin mining to an AI cloud infrastructure provider, comparing it with peers like Core Scientific and Applied Digital. As of August 6, 2026, IREN's stock traded at $37.93 with a forward P/E of 136.99. The...
Neocloud computing stocks for IREN, CoreWeave, and Nebius Group are experiencing a significant decline driven by investor concerns over AI spending sustainability and high leverage. IREN's stock fell to $33.61, down 52% from its yearly high, while CoreWeave dropped from an all-time high of $186...
IREN Limited (NASDAQ: IREN) has signed a $1.6 billion agreement with Dell Technologies to acquire air-cooled Blackwell AI systems. This strategic partnership is designed to support the company's previously disclosed five-year, $3.4 billion managed services AI cloud contract. The investment covers hardware, networking, and integration...
IREN stock fell 3.78% to close at $54.72, dragging down with broader tech sector weakness as the Nasdaq dropped 2.21% and semiconductor indices plunged nearly 8%. The decline reflects Wall Street's divided outlook on the company's transition from a Bitcoin miner to an AI data...
IREN Limited has officially completed the acquisition of Ingenostrum, S.L., formerly known as Nostrum Group, a Spanish developer of grid-connected AI data centers. This strategic move marks IREN's formal entry into the European market, specifically targeting Spain, which is viewed as a compelling entry point...
Iren Ltd (NASDAQ:IREN) has announced plans to build its first data center campus in Australia, marking a significant expansion into the Asia-Pacific region. The proposed 800-megawatt facility is located in South Australia, approximately 78 miles northeast of Adelaide, and represents one of the largest data...
IREN Limited has entered into a purchase agreement with Dell to acquire air-cooled Blackwell systems for deployment at its Childress, Texas data center campus. This hardware acquisition is intended to support the company's previously announced five-year managed services AI cloud contract valued at $3.4 billion....
IREN Limited shares surged in after-hours trading following a strategic partnership announcement with Nvidia that signals a significant pivot toward artificial intelligence infrastructure. The deal involves a five-year agreement granting Nvidia the right to purchase up to 30 million of IREN's ordinary shares at $70...
IREN Limited is executing a strategic pivot from Bitcoin mining to becoming a vertically integrated AI infrastructure provider, leveraging significant structural supply constraints in the physical layer of AI development. The company has successfully secured $2.8 billion in new multi-year contracts with major clients including...
Nvidia-backed neocloud companies IREN, CoreWeave, and Nebius have experienced significant stock price declines recently, with IREN dropping 47% from its yearly peak. This sell-off is occurring alongside other AI-focused firms like Riot Platforms and MARA Holding, driven by intensified industry concerns and investor anticipation of...
Ascent Wealth Partners LLC acquired a new stake in IREN Limited (NASDAQ:IREN) during the first quarter, purchasing 15,247 shares valued at approximately $523,000. This filing highlights continued institutional interest alongside significant activity from other major funds. Situational Awareness LP increased its holdings by 20.5% to...
Freedom Capital upgraded IREN Limited (NASDAQ:IREN) from Hold to Buy on July 6, 2026, citing a divergence where shares have underperformed peers while maintaining a $58 price target. The firm views the company's narrative as centered on adding supply on schedule over the next two...
Shares of TeraWulf (NASDAQ:WULF) dropped 8% and peer IREN (NASDAQ:IREN) fell 7% despite analysts raising price targets, as selling pressure mounted over unfinalized credit support for a massive $19 billion lease with Anthropic. The deal, covering 401 megawatts at the Hawesville campus, is contingent on...
