IREN's Wild Ride: AI Highs, Debt Lows
Update: 2025-10-07
Description
IREN's AI ambitions hit a snag! After announcing major AI cloud deals with Nvidia's Blackwell processors that sent shares soaring, the stock plummeted 6% after hours. Why? An $875 million convertible debt offering (potentially $1 billion!) to fund operations and hedge against dilution. Investors are wary, even though IREN stock is still up 1000% since April. Will AI hype outweigh debt concerns? Tune in to find out!
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