Golden Finance reported that Sydney-based Bitcoin mining company IREN announced that it plans to raise US$400 million through the issuance of convertible bonds (coupon interest rate 3.25%, conversion premium 30%), which is larger than the previously announced total principal amount of US$300 million in notes. The issuance and sale of the notes is scheduled to settle on December 6, 2024, subject to customary closing conditions. Additionally, IREN stated that it plans to expand its Bitcoin mining capacity to 50 EH/s by the first half of 2025.