Stock Market Today, May 11: Iren Falls After $2 Billion Convertible Notes Offering Pressures Shares
11/5 23:27
Iren (NASDAQ:IREN) operates renewable-powered data centers for Bitcoin (CRYPTO:BTC) mining and AI cloud services. Shares closed at $55.15, down 9.89%, after the company announced a $2 billion convertible notes offering. Last week, Iren reported a fiscal Q3 earnings miss, but adde...