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
Iren, an AI infrastructure company, is positioning itself as a potential alternative cloud provider by developing specialized data centers for high-performance computing and AI workloads, focusing on renewable energy, GPU optimization, and efficient infrastructure.
Bitfarms is transitioning from Bitcoin mining to high-performance computing and AI datacenters, raising $800 million to develop its 350-megawatt Panther Creek campus, following successful pivots by IREN and Hut 8 in the AI infrastructure market.
The article highlights three stocks with extremely high Relative Strength Index (RSI) readings, suggesting they are overbought and may experience near-term pullbacks: IREN Limited, Kratos Defense & Security Solutions, and AeroVironment.
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.
