IREN Stock in December 2025: Microsoft’s $9.7B AI Megadeal, $3.6B Capital Raise and What Comes Next
IREN Limited shares traded at $42–44 midday December 11, down 6% on the day and 40% below last month’s peak, but still up 300–400% year-to-date. Market cap stands near $12–12.5 billion, with trailing revenue of $688 million and net income of $523 million. Volatility remains extreme, with a beta above 4 and implied volatility over 100%. Technical trackers now flag IREN as a “Strong Sell” after its recent drop.