The Bitcoin miner said the financing was completed as it accelerates its push into artificial intelligence infrastructure alongside its digital asset business.
IREN said it has closed a $3 billion convertible notes offering, with the funding tied to the company’s accelerating expansion into artificial intelligence infrastructure. The announcement links the capital raise to IREN’s broader strategy of building out AI-related capacity while continuing to operate in Bitcoin mining, a sector that often leverages large-scale power and data center infrastructure that can also support high-performance computing workloads.