US Stock Alert | IREN Ltd (IREN.US) Falls Over 6.4%, Still Up More Than 490% Year-to-Date

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On Wednesday, IREN Ltd (IREN.US) shares declined, falling over 6.4% to $57.7 at the time of writing. The company announced its intention to conduct a private placement to eligible institutional buyers, subject to market and other conditions, for $875 million aggregate principal amount of convertible senior notes due 2031. IREN Ltd primarily engages in businesses related to data centers and cryptocurrency mining operations. The company operates renewable energy-powered data center infrastructure with integrated architecture including power, cooling facilities, and hardware deployment. Despite today's decline, the stock has soared this year with year-to-date gains exceeding 490%.

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