IREN Shares Face Investor Backlash Following Major Debt Announcement

Shares of IREN, a standout performer in 2025 fueled by Bitcoin mining and AI sector enthusiasm, faced a sharp reversal after Monday’s market close. The celebratory mood was abruptly replaced by investor anxiety following the company’s announcement of a significant capital raise, sparking a sell-off and raising questions about whether this marks a deeper correction or a potential buying opportunity.

The core of the announcement involves IREN’s plan to issue convertible senior notes worth $2 billion. These notes are slated for private placement to institutional investors in two tranches, maturing in 2032 and 2033. Management outlined a strategic purpose for the proceeds, aiming to restructure its balance sheet. A substantial portion is designated Read more...