According to the portal - By Kanalcoin
IREN Limited's shares reached $16 as the company suspends mining expansion to focus on AI infrastructure, attracting investor interest after the success of $550 million in convertible bonds.
The company's strategic shift towards AI indicates a growth vision, supported by an optimistic rating from Macquarie, although IREN's management has not made any official 'buy, sell, or hold' recommendations.
IREN attracts $550 million through convertible bonds
IREN Limited recently completed an offering of $550 million in convertible senior bonds, increasing its stock value by 7.79% on July 3, 2025. This move coincides with their suspension of mining expansion to strengthen AI cloud services/data center capabilities, signaling a strategic pivot.
The company prioritized growth in both bitcoin mining and AI infrastructure. Notably, Macquarie's 'Outperform' rating and target price of $20 reflect confidence in IREN's leadership and its forward-looking strategy.
Stock growth reflects market confidence in the focus on AI
The rise in IREN's stock price has boosted market optimism, demonstrating faith in their strategic shift. The company's pivot to AI and a successful funding round suggest significant potential for infrastructure expansion.
Financial analysis indicates a positive outlook due to IREN's expansion impact on bitcoin mining capacity and AI service revenues. Investors can expect both short-term gains and long-term benefits from the strategic restructuring.
Dual focus on AI-mining reflects successful peers
Past significant funding events for mining companies such as Riot and Marathon often led to increased hash power for North American bitcoin. IREN's actions parallel these trends, potentially creating similar outcomes for stock and hash power.
Experts emphasize IREN's balance between AI and mining expansion. Historical trends show that a dual focus can provide resilience against volatility in mining margins, favorably positioning IREN in the evolving cryptocurrency market landscape. Macquarie analyst, institutional analyst, Macquarie, 'Outperform rating, target price $20. Market optimism reflects faith in IREN's hybrid strategy for AI and bitcoin mining.'
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