IREN Limited announced the completion of a $3 billion convertible senior note issuance.

CoinFeed reported on May 15th that, according to GlobeNewsWire, Bitcoin mining company IREN Limited announced the completion of a $3 billion convertible senior note issuance with a coupon rate of 1.00% and maturing in 2033. The issuance included an initial offering of $2.6 billion and an over-allotment option of $400 million. Net proceeds were approximately $2.96 billion, of which approximately $201.3 million was used to pay for capped call option trading costs, with the remainder used for general corporate purposes and working capital.