Welcome to our dedicated page for IREN news (Ticker: IREN), a resource for investors and traders seeking the latest updates and insights on IREN stock.
IREN Limited reports developments in AI cloud infrastructure, large-scale data centers and GPU clusters for AI training and inference. Company updates cover managed GPU cloud services, customer contracts, NVIDIA platform deployments, hardware procurement, and the buildout of grid-connected data center capacity in renewable-rich regions.
Recurring IREN news also includes financial results, conference-call materials, site energization milestones such as Sweetwater 1, and capital actions including convertible notes and ordinary-share issuance programs. The company’s updates connect data center power availability, GPU deployment, customer workloads and capital funding to its vertically integrated AI cloud platform.
IREN (NASDAQ: IREN) appointed John Gross as Chief Innovation Officer on February 17, 2026, creating a new role to lead engineering standards, thermal architecture, and commissioning across its next-generation data centers.
Gross brings two decades of data center engineering experience and ASHRAE leadership in high-density and liquid-cooled design, formalizing in-house expertise as IREN scales multi-gigawatt infrastructure for AI workloads.
IREN (NASDAQ: IREN) will be added to the MSCI USA Index, effective after the close of trading on February 27, 2026. The MSCI USA Index covers large and mid-cap U.S. stocks and represents approximately 85% of free float-adjusted U.S. market capitalization.
The company expects the inclusion to enhance visibility with institutional investors and index-tracking funds and said the move reflects its built scale and liquidity as it advances its AI Cloud strategy.
IREN (NASDAQ: IREN) reported Q2 FY26 results on Feb 5, 2026, highlighting a $3.6bn GPU financing for a Microsoft contract and a targeted 140k GPU expansion aimed at $3.4bn ARR by end of CY26. The company added a new 1.6GW Oklahoma campus, bringing secured grid-connected power to >4.5GW. Q2 revenue was $184.7m (vs $240.3m prior quarter); net loss was $(155.4)m. Cash was $2.8bn as of Jan 31, 2026, and >$9.2bn funding was secured year-to-date across multiple instruments.
IREN (NASDAQ: IREN) will release financial results for the three months ended December 31, 2025 on Thursday, February 5, 2026 and will host a conference call beginning at 5:00 p.m. Eastern Time. The event will be webcast, recorded, and the replay will be accessible shortly after the call at the company's investor events page.
Phone participants must register to receive dial-in number, passcode and PIN; callers are asked to dial in about five minutes early. There will be a live Q&A after results; webcast participants may pre-submit or submit questions during the live webcast.
IREN (NASDAQ: IREN) closed a combined capital transaction on December 8, 2025, raising proceeds to refinance existing convertibles and extend maturities.
Key items: $2.3 billion aggregate convertible senior notes issued (two series: 0.25% due 2032 and 1.00% due 2033, including a $300 million greenshoe), a $1,632.4 million concurrent registered direct equity placement of 39,699,102 ordinary shares at $41.12 per share to fund a repurchase of approximately $544.3 million aggregate principal of existing convertibles, and net proceeds ≈ $2.27 billion.
Transaction features include capped call hedges with an initial cap price of $82.24 per share, estimated capped call cost of $201.0 million, lower average cash coupons, and proceeds for general corporate purposes.
IREN (NASDAQ: IREN) priced a registered direct offering of 39,699,102 ordinary shares at $41.12 per share, expected to close on December 8, 2025. Proceeds from the offering approximate $1,632.4 million and are intended to fund a negotiated repurchase of existing convertible notes and related capped calls, with repurchases announced of approximately $227.7 million principal of 2030 notes and $316.6 million principal of 2029 notes for an aggregate repurchase price of approximately $1,632.4 million. IREN also priced private offerings of $1 billion 0.25% notes due 2032 and $1 billion 1.00% notes due 2033 (plus optional upsizes). Offerings and repurchases are subject to customary closing conditions and may close concurrently on December 8, 2025.
IREN (NASDAQ: IREN) priced a private offering of $1.0 billion 0.25% convertible senior notes due 2032 and $1.0 billion 1.00% convertible senior notes due 2033, with settlement expected on December 8, 2025. Each series has an initial conversion rate of 19.4553 shares per $1,000 (≈$51.40 per share, ~25% premium to the $41.12 close on December 2, 2025). IREN also priced a registered direct placement of 39,699,102 shares at $41.12 to fund repurchases of existing convertible notes; aggregate proceeds estimated at ≈$1,973.8 million.
Capped calls with initial cap price $82.24 (100% premium) were entered to reduce conversion dilution; repurchase transactions of existing notes total ≈$544.3 million principal for ≈$1,632.4 million cash consideration, subject to closing conditions.
IREN (NASDAQ: IREN) announced a proposed private offering of convertible senior notes: $1.0B 2032 notes and $1.0B 2033 notes, with initial purchaser options to buy up to an additional $150M for each series. The notes are senior, unsecured, accrue semiannual interest and are convertible for cash, ordinary shares or both; redemption and fundamental-change repurchase features apply.
IREN also intends a Concurrent Equity Offering to fund negotiated repurchases of existing 2029 and 2030 convertible notes, and expects to enter into capped call hedges to reduce dilution; proceeds will fund capped calls, repurchases and general corporate purposes.
IREN (NASDAQ: IREN) announced a proposed registered direct offering of ordinary shares to finance a cash repurchase of portions of its 2029 and 2030 convertible senior notes and to fund related capped call transactions. Concurrently, IREN intends a private offering of $1.0B 2032 notes and $1.0B 2033 notes, each with up to $150M additional takedown options. Proceeds are expected to approximate the cash consideration for the Repurchase and to be used for capped calls, repurchases of existing convertible notes, and general corporate purposes. Offerings and Repurchase are subject to market and closing conditions and may not be completed.
IREN (NASDAQ: IREN) reported Q1 FY26 results on November 6, 2025, announcing a $9.7bn multi‑year contract with Microsoft and targeting $3.4bn AI Cloud ARR by end of 2026 with expansion to 140k GPUs.
Q1 revenue reached a record $240.3m (+355% vs Q1 FY25), net income was $384.6m, adjusted EBITDA was $91.7m, and EBITDA was $662.7m (includes unrealized gains). Cash was $1.8bn as of Oct 31, 2025; financing included $1.0bn zero‑coupon convertible notes and incremental GPU financing bringing GPU financing to $400m.
Operational milestones include Childress acceleration, British Columbia GPU transition by end 2026, and Sweetwater substation energizations targeted April 2026 and late 2027.