News
18 May 2026

Cloud provider IREN closes on $3bn in notes

In:
Telecoms and Communications
Region:
Americas

IREN has closed a $3 billion private 144A convertible notes placement to support its AI cloud offering. IREN intends to use $201.3 million of the $2.96 billion in proceeds to fund capped call transactions, with the balance allocated to general corporate purposes and working capital. IREN operates...

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