Bitcoin mining company IREN (listed on NASDAQ, formerly Iris Energy) plans to raise $450 million by issuing convertible senior notes to qualified institutional investors, with an additional $50 million option for further issuance. Part of the funds will be used to execute capped call option trades and up to $100 million for a prepaid share buyback agreement to reduce equity dilution and stabilize the stock price, with the remaining funds allocated for general operations and working capital. (TheBlock)