Bitcoin mining company IREN has successfully completed a $2.3 billion convertible bond issuance, while simultaneously repurchasing $544 million of its existing convertible bonds. This move is part of a strategic effort to restructure its balance sheet. The new bonds include $1 billion with a 0.25% coupon maturing in 2032 and another $1 billion with a 1% coupon maturing in 2033. Additionally, a $300 million greenshoe option has been activated. The transaction netted approximately $2.27 billion, with the remaining funds earmarked for expanding Bitcoin mining operations and data centers, as well as for operational liquidity.