IREN Stock Slides as $2B Debt Offering Rattles Investors
TLDR IREN stock fell 6% after announcing a $2 billion convertible notes offering due 2033. The private offering targets qualified institutional buyers under Rule 144A. Initial purchasers have the option to buy an additional $300 million in notes. Proceeds will fund capped call transactions and general corporate purposes. IREN will…
bubmagMay 11, 2026