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An update from IREN ( (IREN) ) is now available.
On December 3, 2025, IREN Limited announced the pricing of its $2 billion convertible notes offering, consisting of $1 billion in 0.25% convertible senior notes due 2032 and $1 billion in 1.00% convertible senior notes due 2033. The notes are intended to fund the repurchase of existing convertible notes and for general corporate purposes. Additionally, IREN priced a registered direct offering of its ordinary shares to further support the repurchase of these notes. This strategic financial maneuver aims to optimize IREN’s capital structure and potentially impact the trading price of its ordinary 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: 40,941,123
Technical Sentiment Signal: Buy
Current Market Cap: $13.7B
For an in-depth examination of IREN stock, go to TipRanks’ Overview page.