IREN Secures $450 Million in Capital Through Convertible Senior Notes

Digital asset infrastructure company IREN, formerly known as Iris Energy, has announced a strategic move to raise capital of $450 million through the issuance of convertible senior notes. This significant fundraising will fuel the company’s growth as it navigates the competitive Bitcoin mining landscape. The notes offer both debt and equity elements, presenting a flexible financing option that could help IREN expand its operations while mitigating risks for investors. Here’s a closer look at the details.