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IREN ( (IREN) ) has provided an announcement.
On October 7, 2025, IREN Limited announced the launch of an offering of $875 million in senior convertible notes due 2031, aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. The company plans to use the proceeds to fund capped call transactions and for general corporate purposes. Additionally, IREN has issued over 66 million shares through an at-the-market offering, raising approximately $1 billion, and reported a cash balance of $1 billion as of September 30, 2025.
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: 31,234,875
Technical Sentiment Signal: Buy
Current Market Cap: $15.66B
See more data about IREN stock on TipRanks’ Stock Analysis page.