IREN Limited (NASDAQ: IREN) on December 4, 2025: $3.6 Billion AI Capital Raise, Microsoft Megadeal and High‑Risk Stock Forecast
IREN Limited closed at $43.43 on December 4, down 1% and far below its November peak near $77, but still up sharply from April’s $5 low. The company raised over $3.6 billion this week through convertible notes and a share offering. Hedge fund Two Seas Capital boosted its stake by 46% in Q2, while CEO Daniel Roberts sold 1 million shares in September. Institutional investors now hold just over 41% of the stock.