Mining firm Iren issues $3B in convertible notes

U.S. Nasdaq-listed Bitcoin mining company Iren Limited (formerly Iris Energy) announced it has completed a $3 billion convertible note offering. The initial offering was for $2.6 billion, with an additional $400 million raised through the full exercise of an over-allotment option. Iren plans to use the proceeds for general corporate purposes and call option transactions.