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According to The Block, Nasdaq listed mining company IREN announced plans to issue $450 million convertible senior notes to qualified institutional investors through private placement, and reserves the right to add $50 million within 13 days. The company plans to use some of the raised funds for cap option trading to reduce equity dilution caused by convertible bond conversions, and also intends to sign a prepaid forward stock repurchase agreement worth $100 million. The remaining funds will be used for general corporate purposes and to supplement operating capital. It is reported that IREN operates data centers with a total installed capacity of 2910 megawatts in the United States and Canada, covering three major areas: Bitcoin mining, AI cloud services, and AI data centers.