AI mining company Iren plans to raise $2 billion in bond financing, betting on both computing power and mining tracks.

HashBandit

2025-12-02 00:40:16

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[Coin World] On December 2, news broke that AI data center and Bitcoin mining company Iren Ltd. made a big move on Monday - planning to raise $2 billion through the issuance of Convertible Bonds.

The financing is divided into two tranches: the first tranche is a $1 billion bond maturing in 2032, with a coupon rate controlled between 0% and 0.25%, for a term of 6.5 years; the second tranche is another $1 billion bond maturing in 2033, with a slightly higher interest rate in the range of 0.5% to 1%, for a term of 7.5 years.

This operation can be seen as stocking up on ammunition for Iren, which is simultaneously布局 AI computing power and cryptocurrency Mining, for its development in the next few years. The Convertible Bond approach not only raises funds but also allows investors to choose to convert shares based on the company's stock price performance, making it flexible for both parties.

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bridge_anxiety

· 12h ago

2 billion dollars? That's quite bold, but this Intrerest Rate is really low. One must have a good outlook on their prospects to play like this.

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WagmiAnon

· 12h ago

Betting on two tracks simultaneously is indeed a bold move, locking in $2 billion for the future; it remains to be seen whether it can yield results.

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ForkInTheRoad

· 12h ago

2 billion dollars, this rhythm, Iren is really all in, AI computing power and Mining go hand in hand, this bet is big enough...

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CoffeeNFTs

· 12h ago

$2 billion in convertible bonds, this pace is really a bit intense. AI mining seems to be more popular than pure BTC mining right now.

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0xSleepDeprived

· 12h ago

Wow, 2 billion dollars, Iren has really gone all in, the combination of AI + Mining sounds easy, but it's not something you can just play around with.

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MaticHoleFiller

· 12h ago

Damn, 2 billion dollars just dumped in, this Iren is really going all in.

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LazyDevMiner

· 12h ago

OMG, 2 billion dollars just got dumped, Iren really wants to fully grasp the AI Computing Power and Mining lines.

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