IREN (NasdaqGS:IREN) Valuation After Microsoft AI Deal, Capital Raises and Mounting Dilution Concerns

IREN (NasdaqGS:IREN) just pulled off one of the more aggressive capital raises in the AI infrastructure space, stacking new convertible notes and equity on top of its $9.7 billion Microsoft cloud deal. See our latest analysis for IREN. Even with a recent pullback that includes a 1 month share price return of negative 12.9 percent, IREN still boasts a powerful year to date share price return above 280 percent and a massive 3 year total shareholder return over 3,200 percent. This signals strong...