Bitcoin Miner IREN to Raise $450M From Convertible Debt Offering

Bitcoin BTC and AI data center operator IREN plans to raise $450 million through a private sale of convertible senior notes, the company said in a press release.The notes, due in 2029, will be offered to qualified institutional buyers and could expand by another $50 million if initial purchasers take up an optional allotment.The unsecured notes will pay semiannual interest and can be converted into IREN’s ordinary shares under certain conditions. The company has the option to redeem the notes starting in mid-2028 if its stock trades at 30% above the conversion price for a set period source: https://www.coindesk.com/markets/2025/06/11/bitcoin-miner-iren-to-raise-450m-from-convertible-debt-offering