IREN awards co-CEOs $700M in RSUs amid $155M loss
The size of the grant, roughly 5% of outstanding shares for two executives at a loss-making miner, lands as the more controversial figure than the dollar number alone.
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The size of the grant, roughly 5% of outstanding shares for two executives at a loss-making miner, lands as the more controversial figure than the dollar number alone.
The call hinges on a structural shift: Jefferies argues IREN's higher-margin AI cloud revenue is growing fast enough to revalue the stock away from its data center leasing multiple.
IREN closed its acquisition of Spain-based AI data center developer Nostrum Group on Monday, adding roughly 490…
IREN has established its first data center campus in Australia, marking a significant push into the Asia-Pacific region…
The $1.6B Dell purchase is the hardware leg of IREN's $3.4B AI cloud contract — projected to lift annualized run-rate revenue from $3.7B to $4.4B once Blackwell systems commission in early 2027.
Roberts' vertically integrated pitch — 5GW of secured grid capacity, a $3.4B NVIDIA Blackwell cloud deal, and a pivot beyond Bitcoin mining — reframes the AI build-out as a power-and-real-estate race…
The 1.00% coupon and fully exercised $400M greenshoe show real demand at a discount to dilution — and they land a week after IREN booked $9.7B in Microsoft AI cloud commitments.
The bitcoin miner-turned-AI operator upsized a $2B raise to nearly $3B in three days — one of the sector's largest converts, with proceeds funding Nvidia-backed GPU and data center buildout.