On Dec. 3, Bitcoin miner-turned-AI-data-firm Iren announced pricing of $3.6 billion in combined equity and convertible note offerings, a significant move in its transition into an AI infrastructure provider. In its first part, Iren priced $2 billion private convertible notes offering: $1 billion due 2032 with a 0.25% interest rate $1 billion due 2033 with a 1.00% interest rate This will provide the company with long-dated, low-cost capital and also prevent immediate stock dilution. Iren's stock is ...