IREN has carried out a debt refinancing of 2.3 billion dollars.

IREN's Refinancing Agreement

IREN has executed a 2.3 billion dollars worth of convertible senior bond issuance. This transaction also includes the repurchase of existing bonds amounting to 544.3 million dollars. The new bond issuance consists of 1 billion dollars of bonds with a 0.25% interest rate maturing in 2032, 1 billion dollars of other bonds with a 1% interest rate maturing in 2033, and a green bond portion valued at 300 million dollars.

These transactions generated a net income of 2.27 billion dollars. At the same time, they reduced IREN's cash obligations and allowed for an extension of the debt maturity profile.