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IREN ( (IREN) ) has provided an announcement.
On December 8, 2025, IREN Limited closed its offering of $2.3 billion convertible senior notes, comprising $1.15 billion of 0.25% notes due 2032 and $1.15 billion of 1.00% notes due 2033. The proceeds, totaling approximately $2.27 billion after expenses, will be used to repurchase existing convertible notes, fund capped call transactions, and for general corporate purposes. The company also completed a registered direct placement of 39.7 million ordinary shares to fund the repurchase of existing notes, reducing outstanding debt and extending maturities. These transactions are expected to lower cash coupons and provide a hedge against share dilution upon note conversion.
The most recent analyst rating on (IREN) stock is a Hold with a $48.00 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 score reflects strong strategic growth initiatives and a significant AI cloud contract, which are major positives. However, challenges in profitability, cash flow management, and mixed technical indicators temper the outlook.
To see Spark’s full report on IREN stock, click here.
More about IREN
IREN is a leading AI Cloud Service Provider, delivering large-scale GPU clusters for AI training and inference. IREN’s vertically integrated platform is underpinned by its expansive portfolio of grid-connected land and data centers in renewable-rich regions across the U.S.
Average Trading Volume: 42,529,386
Technical Sentiment Signal: Buy
Current Market Cap: $12.64B
Learn more about IREN stock on TipRanks’ Stock Analysis page.