IREN announced the issuance of $875 million in Convertible Bonds (potentially increasing to $1 billion) for operations and to limit call options trading, aimed at reducing equity dilution. Subsequently, the company's stock price fell by 6% in after-hours trading. This decline nearly erased the gains from the new AI cloud contract signed with NVIDIA's Blackwell GPU, but due to strong investor interest in AI infrastructure, the stock is still up about 1000% from its April low.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
IREN announced the issuance of $875 million in Convertible Bonds (potentially increasing to $1 billion) for operations and to limit call options trading, aimed at reducing equity dilution. Subsequently, the company's stock price fell by 6% in after-hours trading. This decline nearly erased the gains from the new AI cloud contract signed with NVIDIA's Blackwell GPU, but due to strong investor interest in AI infrastructure, the stock is still up about 1000% from its April low.