Bitcoin mining and AI data center company Iren plans to raise $2 billion through two convertible bond issues, each worth $1 billion, maturing in 2032 and 2033. The bonds will have coupon rates ranging from 0% to 0.25% and 0.5% to 1%, with conversion premiums of 25% to 30%. Additionally, Iren is launching a private stock offering and aims to repurchase some of its existing debt maturing in 2029 and 2030. This move follows a significant $9.7 billion five-year computing power purchase agreement with Microsoft.