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IREN News: Bulls Lift Targets After MSFT Deal

Shares of IREN surged following a significant $9.7 billion deal with Microsoft to provide 200 megawatts of AI data center capacity. Analysts have responded positively, with Cantor Fitzgerald raising its price target on IREN from $100 to $142, suggesting over 100% upside from the previous close. Bernstein also upgraded its target to $125 from $75, emphasizing IREN's unique position as a power asset owner. Roth Capital increased its forecast to $94 from $82, reflecting strong confidence in the company’s growth. The Microsoft agreement could generate $2 billion annually in recurring AI cloud revenue by 2027, bolstering IREN's existing revenues. Unlike competitors, IREN’s robust power portfolio enables it to expand more flexibly, boosting profitability. Despite the overall market decline, shares have gained over 547% year-to-date, marking a remarkable rise from earlier lows.

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Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin mining company CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion, aiming to raise over $1 billion for various corporate purposes. The company plans to allocate approximately $460 million to repurchase its own shares from note investors at a price of $15.03 per

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin miner CleanSpark announced an upsized convertible notes offering of $1.15 billion, an increase from the initial $1 billion. The company plans to use approximately $460 million from the offering to buy back its own stock at a price of $15.03 per share from note investors. Following these

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

CleanSpark, a Bitcoin mining company, has increased its convertible notes offering from $1 billion to $1.15 billion, leading to a continued decline in its stock price. After initially announcing the offering, which includes a potential additional $150 million in shares, CleanSpark's stock, CLSK, fell nearly 8%, extending

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