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

GateNews

Stocks bitcoin news

2026-05-15 08:56:54

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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