IREN Limited Stock (NASDAQ: IREN) This Week: $2.3B Convertibles, Repurchased Notes, and What to Watch Next Week (Updated Dec. 12, 2025)
Updated: December 12, 2025 (U.S. market close) IREN Limited (NASDAQ: IREN) ended this week in the spotlight after completing a major capital-structure reset designed to fund its fast-growing AI cloud buildout—while also triggering sharp, high-volume trading moves that put the stock on many “most volatile” screens. On Friday, Dec. 12, IREN shares were down sharply intraday and last traded around $40.13, after touching roughly $39.32 on heavy volume (about 35% above its recent average), according to MarketBeat’s trading summary. MarketBeat So what changed this week—and what could move IREN stock in the week ahead? Key takeaways for IREN stock today