IREN Stock Soars After $3.6 Billion Funding Boost to Fuel AI Expansion

Shares of IREN rebounded sharply this week following a significant announcement: the company plans to raise up to $3.6 billion through a mix of share sales and debt offerings. These funds will be primarily directed towards expanding their artificial intelligence (AI) mining capabilities, as Bitcoin miners increasingly invest in these technology upgrades. Despite a steep drop earlier in the week, investor sentiment is turning more optimistic about IREN’s restructuring efforts and growth prospects in the AI-powered mining sector.