IREN Limited Ordinary Shares (IREN)
IREN Limited is an Italian multi-utility company focused on the distribution and sale of electricity, gas, and water. It operates primarily in northern Italy, delivering essential services to residential, commercial, and industrial customers. The company is involved in infrastructure planning, maintenance, and development to ensure reliable utility services.
Company News
The AI infrastructure market is experiencing massive investment, with companies like Nvidia and Iren positioned to benefit from the growing demand for GPU chips and data center capacity needed for advanced AI technologies.
The article highlights three AI infrastructure companies - CoreWeave, IREN, and Nebius - that are building critical infrastructure for AI scaling, focusing on GPU cloud platforms, renewable energy data centers, and purpose-built AI computing solutions.
IREN Limited announced the pricing of its $500 million convertible senior notes offering due 2029, with a 3.50% coupon and 30% conversion premium. The company plans to use the net proceeds for general corporate purposes and to fund capped call and prepaid forward transactions.
Iris Energy Limited (IREN) is facing a securities fraud lawsuit alleging the company made false and misleading statements about its data center and high-performance computing prospects, leading to investor losses.
