IREN closes $3 billion convertible notes offering as Bitcoin miner's AI infrastructure push accelerates

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The Block Editorial

(10:42 AM UTC)

1 min read

Updated bySarah Chen

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IREN Limited (IREN) has closed a $3 billion convertible senior notes offering, raising approximately $2.96 billion in net proceeds as the Bitcoin miner continues to build out its position as a vertically integrated AI cloud infrastructure provider.

The offering was initially sized at $2.6 billion, with the full $400 million greenshoe exercised, an official disclosure noted.

The notes carry a…

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