Bitcoin Miner IREN Closes $3 Billion Convertible Notes Offering to Fuel AI Transformation

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Decrypt Editorial

(05:28 PM UTC)

1 min read

Updated byDavid Kim

IREN Limited closed a $3 billion convertible senior notes offering to fund AI infrastructure expansion.
Net proceeds totaled $2.96 billion, with $201.3 million allocated to capped call transactions.
The offering follows major deals with Nvidia and Microsoft for AI cloud services.

Bitcoin mining firm IREN Limited said Thursday that it closed a $3 billion convertible senior notes offering…