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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
The IREN plan is to issue $450 million of convertible senior notes for financing.
According to Gate News bot, TheBlock reports that the Nasdaq-listed Bitcoin mining company IREN (formerly Iris Energy) announced a new financing plan. The company is preparing to issue $450 million of convertible senior notes to qualified institutional investors, along with an additional $50 million issuance option.
IREN stated that part of the raised funds will be invested in capped call option trading and prepayment stock repurchase agreements, with a maximum repurchase amount of $100 million. This move aims to reduce equity dilution and stabilize the stock price. The remaining funds will be used to support the company's daily operations and working capital needs.
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