IREN Stock Before the Bell (Dec. 8, 2025): Capital Raise, Microsoft AI Megadeal and 30% Pullback Explained
As traders prepare for the U.S. stock market open on Monday, December 8, 2025, IREN Limited (NASDAQ: IREN) — the company formerly known as Iris Energy — is one of the most hotly debated “AI + Bitcoin” names on the street. After a parabolic run and a brutal pullback driven by a $3.6 billion capital raise, fresh hedge‑fund filings, and a massive AI cloud deal with Microsoft, IREN stock is heading into Monday’s session with unusually high uncertainty. Below is a full rundown of what you need to know based on news, forecasts, and analysis available through December 7, 2025.