IREN Stock Drops After $3 Billion Capital Raise Amid NVIDIA Partnership

IREN Limited (IREN) announced a $3 billion capital raise through convertible senior notes, despite having recently signed a major AI cloud contract with NVIDIA. The move caused an 8% drop in IREN's stock price.

By Anand Sinha Fri, May 15, 2026 at 11:15 PM GMT+3 1 min read · Yahoo Finance · May 15, 2026, 20:15 UTC

IREN Stock Drops After $3 Billion Capital Raise Amid NVIDIA Partnership

Tickers: $IREN $NVDA

Topics: AI_infrastructure capital_raise convertible_notes

Read the full article at Yahoo Finance

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