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IREN and WULF Shares Surge on Billion-Dollar Debt Deal Announcements

IREN and WULF Shares Surge on Billion-Dollar Debt Deal Announcements

Author:

Global Cryptocurrency

Published:

2025-10-15 13:21:02

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BTCCSquare news:

Artificial intelligence and high-performance computing (AI/HPC) mining firms IREN and WULF are rallying pre-market following significant capital raises. IREN shares jumped 6% to above $73 after closing a $1 billion private offering of convertible senior notes due 2031. The oversubscribed deal included a fully exercised $125 million greenshoe option.

The debt issuance highlights growing institutional confidence in crypto mining infrastructure plays. Market participants are rewarding companies demonstrating access to traditional capital markets while operating in the digital asset sector.

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