[Bitcoin Mining Company IREN Completes $2.3 Billion Convertible Bond Issuance and Repurchases $544 Million in Old Debt] Bitcoin mining company IREN has completed a $2.3 billion convertible bond issuance and repurchased $544 million in old debt. The newly issued bonds include 0.25% interest notes maturing in 2032 and 1% interest notes maturing in 2033, with a $300 million overallotment option. This transaction raised a net amount of $2.27 billion, reducing cash interest expenses and extending debt maturity. IREN hedged potential dilution risks through capped call transactions, and the remaining funds will be used to expand Bitcoin mining and data center operations.