IREN Shares Recover Following Decline Induced by $3.6B Raise

Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet artificial intelligence demand.

IREN (IREN) jumped 7.6% to a peak of $44.25 during trading on Wednesday, and settled to $43.96 by the bell at a gain of 6.9%. It comes after IREN fell over 15% on Tuesday following its announcement that it was planning capital raising efforts. 

IREN said on Wednesday that it was launching a new $2 billion convertible…