Bitcoin Miner IREN Limited Completes $3 Billion Convertible Notes Offering on May 15

According to GlobeNewsWire, Bitcoin miner IREN Limited completed a $3 billion convertible senior notes offering on May 15, with a 1% coupon rate and maturity in 2033. The offering consisted of $2.6 billion in initial issuance and $400 million in over-allotment rights, generating net proceeds of approximately $2.96 billion. About $201.3 million of the proceeds will be used to pay costs associated with capped call option transactions, with the remainder allocated for general corporate purposes and working capital.
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