Bitcoin mining company IREN announced plans to raise $400 million through the issuance of convertible bonds

ChainCatcher news, Sydney-based Bitcoin mining company IREN announced plans to raise $400 million through the issuance of convertible bonds (coupon rate of 3.25%, conversion premium of 30%), an increase from the previously announced total principal amount of $300 million. The issuance and sale of these bonds are scheduled to settle on December 6, 2024, subject to customary closing conditions. Additionally, IREN stated its intention to expand its Bitcoin mining capacity to 50 EH/s by the first half of 2025.