IREN Stock After Hours (Dec 12, 2025): Why NASDAQ:IREN Dropped and What to Watch Before the Next Market Open
IREN Limited (NASDAQ: IREN) dropped 8.64% to $40.145 on Friday, Dec. 12, 2025, after announcing a $2.3 billion convertible notes offering and a direct share placement. The stock briefly touched $39.350 before stabilizing; about 33.4 million shares traded. After-hours, IREN edged up to $40.24. U.S. markets remain closed until Monday, Dec. 15.