According to Odaily, Nasdaq-listed Bitcoin mining company IREN intends to issue $450 million in convertible senior notes through a private placement to qualified institutional investors. The company retains the option to increase the offering by an additional $50 million within 13 days. A portion of the funds raised will be allocated to capped call transactions and prepaid forward share repurchase deals, aiming to minimize share dilution and support investor hedging strategies. The remaining funds will be used for general corporate purposes and operations.

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