BTC miner Kiln Infrastructure completes $458M convertible note offering

Bitcoin mining company Kiln Infrastructure (KEEL) announced the completion of a $458 million convertible note offering. The notes, which mature in 2032, carry an annual interest rate of 1.25%. The conversion price is set at $7.41, a 25% premium over the company's closing stock price of $5.93 on June 4. The funds raised will be used to accelerate the development of its data centers.