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IREN ( (IREN) ) has shared an update.
On October 9, 2025, IREN Limited announced the pricing of its $875 million offering of 0.00% Convertible Senior Notes due 2031, aimed at qualified institutional buyers under Rule 144A of the Securities Act. The offering, expected to close on October 14, 2025, includes an option for initial purchasers to buy an additional $125 million in notes. Net proceeds are estimated at $856.5 million, with plans to use $49.6 million for capped call transactions and the rest for corporate purposes. This move is expected to impact IREN’s market positioning by potentially reducing share dilution and providing financial flexibility.
The most recent analyst rating on (IREN) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on IREN stock, see the IREN Stock Forecast page.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
Iris Energy’s overall stock score is driven by strong technical momentum and positive earnings call sentiment, indicating growth potential. However, financial performance and valuation concerns, such as profitability and cash flow issues, present risks that temper the score.
To see Spark’s full report on IREN stock, click here.
More about IREN
Average Trading Volume: 32,503,047
Technical Sentiment Signal: Buy
Current Market Cap: $16.72B
For an in-depth examination of IREN stock, go to TipRanks’ Overview page.