IREN Rebounds After Massive $3.6B Raise Announcement

[bonk]

Bitcoin miner IREN bounced back on Wednesday, jumping 6.9% after announcing a massive $3.6B capital raise to expand its AI-focused computing infrastructure.
The recovery follows a steep 15% drop the day prior as investors initially panicked over dilution fears.
Now, confidence is returning as IREN gears up to deploy next-gen hardware to capture booming AI compute demand.

[Nahid Hossen]

Huge raise, strong rebound — confidence clearly returned.

[Abdul Khan]

IREN proved the panic was temporary after all.