Finance
IREN Plans $450 Million Raise via Convertible Debt to Mitigate Market Risks
Bitcoin mining firm IREN is set to raise $450 million through the sale of convertible senior notes, aimed at offsetting equity dilution and market volatility.
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Bitcoin mining firm IREN is set to raise $450 million through the sale of convertible senior notes, aimed at offsetting equity dilution and market volatility.
IREN, an Australian bitcoin mining firm, is shifting its focus from cryptocurrency mining to developing AI cloud services, aiming to enhance its infrastructure for high-performance computing.
JPMorgan adjusts its price targets for bitcoin miners, upgrading IREN and downgrading Cipher Mining while maintaining cautious optimism for other stocks.
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