Leopold Aschenbrenner’s Portfolio: 5 Best Stocks to Buy

4. IREN Limited (NASDAQ:IREN)

Market value of shares owned: $401 Million

% of portfolio: 2.93%

IREN Limited (NASDAQ:IREN) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio.

On May 18, 2026, IREN Limited (NASDAQ:IREN) announced the acquisition of Awaken, a creative and media agency specializing in brand development for high-growth companies. Upon completion of the transaction, Awaken will cease all independent operations, and its team will integrate directly into IREN. Awaken’s Founder and CEO Chris Parker, who previously managed IREN Limited (NASDAQ:IREN)’s AI Cloud marketing initiatives, will join the firm post-transaction to spearhead its global brand and marketing strategy. With this in-house transition, the company aims to enhance its brand awareness and aggressively scale its platform across new customer segments in North America, Europe, and APAC.

In another development, on May 14, 2026, IREN Limited (NASDAQ:IREN) closed its private offering of $3 billion in 1.00% convertible senior notes due 2033. The total includes a fully exercised $400 million greenshoe option. The company intends to use the net proceeds of $2.96 billion to fund $201.3 million in capped call transactions to hedge dilution risk up to $110.30 per share, with the remainder allocated to general corporate purposes and working capital.

Founded in 2018, IREN Limited (NASDAQ:IREN) is an Australian company engaged in Bitcoin mining operations and committed to using renewable energy. The company operates decentralized, modular data centers across North America, leveraging long-term, low-cost hydro and wind power contracts to enhance scalability.

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