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.
IREN is raising $2B via convertible notes to fund AI growth after Nvidia deal, but shares fell due to possible future dilution.
Apollo is buying Emerald and Questex to build a big live-events platform with 160 B2B shows across North America by 2026.
Rackspace jumped after partnering with AMD to build secure AI cloud for banks and hospitals using AMD + Nvidia chips for AI workloads.
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 signed a $9.8B deal to build a huge AI data center, shifting from Bitcoin mining to powering big tech AI systems.
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.