If IREN Had a Heart, It’d Be Beating for Money – But It Just Buys Debt
IREN, that proud titan of bitcoin mining (because who doesn’t love a good digital gold rush), is offering a cool $1 billion of 0.25% notes due 2032, and another billion at 1% due 2033-each with a luscious 25% conversion premium, as if Wall Street feared not being the center of all things fabulous and clueless. The settlement, as per usual, is scheduled for Dec. 8-pending the usual parade of closing conditions and minor delays, or as investors like to call it, “the waiting game.”








