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IREN Capital Restructuring Fuels 6.91% Stock Surge

IREN Capital Restructuring Fuels 6.91% Stock Surge

Author:

Global Cryptocurrency

Published:

2025-12-03 23:39:02

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BTCCSquare news:

IREN Limited shares rallied 6.91% to $43.96 following a $3.6 billion capital raise targeting AI-cloud expansion. The company priced 39.7 million shares at $41.12 in a $1.6 billion equity offering, while concurrently issuing $2 billion in convertible notes. Proceeds will retire high-dilution 2029/2030 convertible debt—a strategic MOVE that reduces future equity overhang.

The capital overhaul addresses two fronts: $1.63 billion allocated to repurchase $544 million in principal of problematic notes, while residual funds bolster balance sheet flexibility. JPMorgan responded by raising its 2026 price target, reflecting confidence in IREN’s repositioning for AI infrastructure growth.

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