IREN raised $550 million through a convertible notes offering, oversubscribed and upsized from $450 million, with net proceeds of approximately $534.9 million.

IREN has successfully closed its upsized $550 million convertible notes offering. The transaction was oversubscribed with a net proceeds of approximately $534.9 million. This offering included a 3.50% coupon and a 30% conversion premium. Overall, IREN has raised $863 million so far.