IREN Limited (NASDAQ: IREN) Stock: Latest News, 2026 Forecasts and AI Cloud Outlook as of December 9, 2025
IREN Limited has been one of 2025’s wildest rides on the Nasdaq. The Australia‑based bitcoin miner turned AI data‑center operator has rallied several hundred percent this year, signed a $9.7 billion cloud deal with Microsoft, and just completed a huge $2.3 billion convertible notes transaction that reshapes its balance sheet.Reuters+224/7 Wall St.+2 As of the afternoon of December 9, 2025, IREN trades around the mid‑$40s per share and remains highly volatile, but now sits well below its early‑November peak near $77.Stocktwits+1 This article pulls together the latest news, forecasts and analysis around IREN stock as of today, with a focus