[IREN Completes $3.6 Billion Refinancing Plan, Including $1.6 Billion Private Placement and $2 Billion Convertible Bond Issuance] According to The Block, AI cloud infrastructure company IREN announced the completion of a $3.6 billion refinancing plan, which includes a $1.6 billion private placement and a $2 billion convertible bond issuance. This move aims to repurchase existing convertible bonds maturing in 2029 and 2030 with a conversion price below $17, reducing dilution risk and supporting its over $9 billion AI cloud expansion plan. The new bonds have a conversion price set at $51.40 per share, effectively enhancing financial stability. JPMorgan had previously warned that the expansion could bring financial pressure.