IREN Completes Issuance of $3 Billion in Convertible Bonds to Accelerate AI and Data Center Investments

Completion of $3 Billion Convertible Bond Issuance

IREN (formerly Iris Energy), a company transitioning from cryptocurrency Bitcoin mining to next-generation data center operations, officially announced on May 14, 2026, the completion of issuing $3 billion (approximately 480 billion yen) in convertible bonds (maturing in 2033, with a coupon rate of 1.00%).

Initially targeting $2.6 billion, the full exercise of an additional $400 million issuance option brought the net proceeds to approximately $2.96 billion...