IREN and WULF Stock Prices Surge as AI Crypto Miners Announce Billion Dollar Debt Financing Deals

Artificial intelligence and high performance computing (AI/HPC) cryptocurrency mining companies continue demonstrating strong pre-market performance. IREN (IREN) shares have surged 6% in pre-market trading, surpassing $73 per share, following the successful closure of a $1 billion private offering of 0.00% convertible senior notes due 2031. The debt offering was significantly oversubscribed by investors and included a fully exercised $125 million greenshoe option, indicating substantial market confidence in the company's future prospects.