IREN Announces Completion of $3.60 billion Funding Plan
2025-12-04 00:41:30
On December 3, IREN announced the completion of a financing plan totaling more than $3.60 billion, including a $1.60 billion equity financing and a $2 billion convertible bond issuance. The financing will be used to repay the old low-priced convertible bond and strengthen the balance sheet to support the large-scale expansion of the company's AI cloud business. The newly issued convertible bond includes a $1 billion 0.25% 2032 bond and a $1 billion 1.00% 2033 bond, with an initial conversion price of approximately $51.40 per share, significantly higher than the $17 conversion price of the old bond.
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