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IREN Completes $3.6 Billion Financing, Accelerates AI Cloud Infrastructure Development
Summary: In a recent announcement, IREN company revealed on December 3rd that it has completed a financing plan totaling over $3.6 billion, including $1.6 billion in equity financing and $2 billion in convertible bond issuance. This financing will be used to repay existing low-priced convertible bonds and strengthen the balance sheet to support the large-scale expansion ...
In a recent announcement, IREN company revealed on December 3rd that it has completed a financing plan totaling over $3.6 billion, including $1.6 billion in equity financing and $2 billion in convertible bond issuance.
This financing will be used to repay existing low-priced convertible bonds and strengthen the balance sheet to support the large-scale expansion of the company's AI cloud business. The newly issued convertible bonds include $1 billion of 0.25% bonds due in 2032 and $1 billion of 1% bonds due in 2033, with an initial conversion price of approximately $51.4 per share, significantly higher than the old bonds' $17 conversion price.
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Link: IREN Completes $3.6 Billion Financing, Accelerates AI Cloud Infrastructure Development [Copy]
