Bitcoin mining company Iren plans to issue $2 billion in convertible bonds

According to Bloomberg, AI and high-performance computing data center company, Bitcoin mining firm Iren Ltd. announced on Monday plans to raise a total of $2 billion through two tranches of convertible bonds. This includes $1 billion in bonds maturing in 2032, with a coupon rate of 0% to 0.25%, and $1 billion in bonds maturing in 2033, with a coupon rate of 0.5% to 1%. These two tranches of bonds have maturities of 6.5 years and 7.5 years, respectively.