Workflow
Convertible Unsecured Senior Notes
icon
Search documents
Why Iren Stock Plummeted Today
The Motley Fool· 2025-12-02 23:50
Investors were concerned about how the company's latest financing move would impact its fundamentals and stock.Nobody likes a big pile of debt, and that holds doubly true for investors concerned about the balance sheets of their investments.On Tuesday, cryptocurrency miner and data center operator Iren (NASDAQ: IREN) drew the market's ire by announcing a sizable issuance of new debt and an accompanying share offering. That led to a sell-off that lowered the company's share price by more than 15% that day. B ...