04:24 PM EDT, 06/13/2025 (MT Newswires) -- Iren ( IREN ) said Friday it has closed its offering of $550 million of 3.5% convertible senior notes due 2029 in a private offering.

Iren ( IREN ) said it increased the offering of $450 million to $500 million, with initial buyers fully exercising the over-allotment option.

Net proceeds will be used to fund the cost of capped call deals and prepaid forward transaction, for general corporate purposes and working capital, the company said.