IREN completed a debt refinancing of 2.3 billion dollars.

IREN's Refinancing Agreement

IREN has executed a 2.3 billion dollar convertible senior note issuance. This transaction also includes the repurchase of existing notes worth 544.3 million dollars. The new note issuance includes 1 billion dollars of notes with a 0.25% interest rate maturing in 2032, 1 billion dollars of other notes with a 1% interest rate maturing in 2033, and a 300 million dollar green bond component.

These transactions generated a net income of 2.27 billion dollars. At the same time, it reduced IREN's cash obligations and made it possible to extend the debt maturity profile.