Interesting move from IREN - they're looking to raise some serious capital here. The company just announced plans to issue two tranches of convertible senior notes: a billion dollars worth maturing in 2032, and another billion due in 2033. That's $2B total in convertible debt hitting the market. For those unfamiliar, convertible notes give holders the option to convert their debt into equity under certain conditions. This type of financing has become increasingly popular in the crypto mining and infrastructure space lately. Will be watching to see how the market responds to this dual-offering structure and what IREN plans to do with the proceeds.
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Interesting move from IREN - they're looking to raise some serious capital here. The company just announced plans to issue two tranches of convertible senior notes: a billion dollars worth maturing in 2032, and another billion due in 2033. That's $2B total in convertible debt hitting the market. For those unfamiliar, convertible notes give holders the option to convert their debt into equity under certain conditions. This type of financing has become increasingly popular in the crypto mining and infrastructure space lately. Will be watching to see how the market responds to this dual-offering structure and what IREN plans to do with the proceeds.