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IREN Announces $1 Billion Convertible Notes Offering

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IREN Announces $1 Billion Convertible Notes Offering

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IREN ( (IREN) ) has shared an announcement.

On December 1, 2025, IREN Limited announced plans for a $1 billion offering of convertible senior notes due in 2032 and 2033, alongside a registered direct offering of ordinary shares to fund the repurchase of existing convertible notes. This strategic move aims to manage debt and potentially reduce dilution of shares, with implications for market activities that could affect the trading prices of IREN’s shares and notes.

The most recent analyst rating on (IREN) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on IREN stock, see the IREN Stock Forecast page.

Spark’s Take on IREN Stock

According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.

IREN’s overall stock score is driven by strong earnings call highlights, including a major AI cloud contract with Microsoft, which significantly boosts growth prospects. However, challenges in technical indicators and cash flow management weigh down the score. The company’s valuation is moderate, with room for improvement in profitability and operational efficiency.

To see Spark’s full report on IREN stock, click here.

More about IREN

Average Trading Volume: 41,384,851

Technical Sentiment Signal: Buy

Current Market Cap: $13.51B

For an in-depth examination of IREN stock, go to TipRanks’ Overview page.

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