IREN is trading at 4.1% up now at $42.82 after announcing a $3.6 billion capital raise on December 3, 2025, including $2 billion in convertible notes and $1.6 billion in a registered direct offering. This major financing event has boosted investor confidence in the company's growth prospects. The positive move is also supported by a strong rally in major cryptocurrencies, with Bitcoin up 2.1% and Ethereum up 4.57% in the past 24 hours, lifting sentiment across crypto-related stocks.