08:18 AM EDT, 05/11/2026 (MT Newswires) -- Iren (IREN) said Monday it plans to issue $2 billion of convertible senior notes due 2033 in a private offering.

The company said it also expects to grant initial purchasers an option to buy up to an additional $300 million of notes within 13 days of issuance.

The company said it plans to use part of the proceeds to fund capped call transactions designed to reduce dilution from potential conversions.

It will use the remaining funds for general corporate purposes and working capital, it added.

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