IREN: Closes $3 Billion Notes for AI Shift

IREN closed a $3 billion convertible notes offering to accelerate its pivot from pure Bitcoin mining into AI infrastructure.

Miners have raised fresh capital over the past year to offset post-halving margin compression and capture AI industry impact through high-density compute builds.

Bitcoin sits at $79,121.12 inside its Bollinger Bands with the 50-EMA at $80,295.76 capping upside and the 200-EMA at $77,226.18 providing deeper support; the MACD death cross at -249.3 keeps momentum negative, suggesting any BTC price prediction bounce will likely stall at upper-band resistance near $82,017 before retesting lower support at $78,378.