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