IREN Limited (IREN) Stock on December 11, 2025: Microsoft AI Megadeal, $3.6B Capital Raise and 2026 Outlook
IREN Limited closed at $43.92 on December 11, down 6.2% for the day and about 7% over the past week, with volatility spiking after recent capital raises. The company signed a $9.7 billion AI cloud deal with Microsoft, reported strong earnings, and now holds a market value near $13 billion, up over 300% year-to-date.