IREN Limited Stock (NASDAQ: IREN) News Today: Why Shares Are Sliding, What the Microsoft AI Deal Really Means, and the Latest Analyst Forecasts (Dec. 16, 2025)
IREN Limited shares fell 11.6% to $35.48 by 09:45 UTC on Dec. 16, 2025, following new financing moves and volatility linked to its AI and crypto businesses. The drop comes after IREN’s $9.7 billion AI cloud contract with Microsoft and a large convertible notes offering revived dilution concerns among investors.