IREN Shares Drop as Company Announces $2 Billion Convertible Notes Offering
IREN is raising $2B via convertible notes to fund AI growth after Nvidia deal, but shares fell due to possible future dilution.
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#Event-Driven Stocks↓
Apollo Buys Emerald and Questex to Create North America’s Biggest B2B Events Platform
Apollo is buying Emerald and Questex to build a big live-events platform with 160 B2B shows across North America by 2026.
Rackspace and AMD Team Up to Build Secure AI Cloud for Big Companies
Rackspace jumped after partnering with AMD to build secure AI cloud for banks and hospitals using AMD + Nvidia chips for AI workloads.
Tiny Nuclear Reactors to Power AI Data Centers: NANO Nuclear Teams Up with Supermicro
NANO Nuclear and Supermicro signed an MOU to explore using small nuclear reactors to power AI data centers. Early stage, no revenue yet.
Hut 8 Signs $9.8 Billion AI Data Center Lease in Texas – Bitcoin Miner Fully Becomes AI Landlord
Hut 8 signed a $9.8B deal to build a huge AI data center, shifting from Bitcoin mining to powering big tech AI systems.
NVIDIA & Corning Team Up: 3 New U.S. Factories, 3,000 Jobs, and 10× More U.S. Optical Manufacturing Capacity
Corning plans $20B sales by 2026, then aims for up to $40B by 2030, boosted by AI data centers and a new photonics business with NVIDIA.