IREN Limited announces completion of 3 billion USD convertible senior notes offering

ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company IREN Limited announced the completion of a $3 billion convertible senior notes issuance with a coupon rate of 1%, maturing in 2033. The issuance includes an initial offering of $2.6 billion and an over-allotment option of $400 million. Net proceeds are approximately $2.96 billion, of which about $201.3 million will be used to pay for capped call transaction costs, and the remainder for general corporate purposes and working capital.