The Latest Breaking News from IREN

IREN Limited has secured substantial financing to support its strategic pivot to AI infrastructure despite short-term headwinds in the Bitcoin mining sector.

Bitcoin miners are pivoting to become essential infrastructure providers by leasing their massive power capacity to the artificial intelligence sector.

In Monday’s trading, Micron Technology jumped 14 spots in Barchart’s Top 100 Stocks to Buy, into 36th position. Of the top 100, Micron’s price volume was the highest at 6.53 million, nearly four times higher than the runner-up.

AI infrastructure might be the hottest trade on the screen, but the way it's being financed is a lot less glamorous.

Morgan Stanley says there is a growing AI power gap, and IREN will be important in helping generate the power needed for AI compute.

Ives just added IREN to his list of the top 30 AI winners.

IREN Ltd.'s (NASDAQ:IREN) announcement of a massive $2 billion convertible note offering triggered a fierce debate among high-profile market commentators. While CNBC's Jim Cramer ridiculed the financing as unwanted dilution, prominent tech investors are defending the move as a strategic “masterstroke” essential for long-term survival.

IREN has surged impressively over the past year, with analysts seeing almost 200% further upside. But is this the right time for investors to jump in?

IREN Limited (NASDAQ:IREN) shares are trading lower Tuesday after the company announced a series of offerings.