Iren (IREN) Stock on December 2, 2025: Microsoft’s $9.7B AI Deal, $2B Notes Offering and 2026 Price Targets Explained
IREN shares fell to around $46–47 on December 2, down from $48.49, after the company announced a $2 billion convertible notes and equity offering. The stock, which has swung between $5.13 and $76.87 this year, dropped about 4% pre-market as investors reacted to dilution and increased leverage from the deal.