PANews reported on June 11 that according to The Block, NASDAQ-listed mining company IREN announced that it plans to issue $450 million in convertible senior notes to qualified institutional investors through a private placement, and reserves the right to add an additional $50 million within 13 days. The company plans to use part of the raised funds for capped option transactions to reduce equity dilution caused by convertible bonds, and plans to sign a prepaid forward stock repurchase agreement worth $100 million. The remaining funds will be used for general corporate purposes and to supplement working capital. It is reported that IREN operates data centers with a total installed capacity of 2,910 megawatts in the United States and Canada, and its business covers three major areas: Bitcoin mining, AI cloud services, and AI data centers.