IREN Limited Stock on 5 December 2025: Capital Raise Jitters vs AI Cloud Breakthrough
IREN Limited shares traded near $45 on Dec. 5, down sharply from recent highs but up over 200% year-on-year. The company announced a $9.7 billion Microsoft AI cloud deal and a multibillion-dollar capital raise. Shares have surged 370% in six months but dropped 30% in the past month. Market cap stands at about $13 billion.