05:07 PM EST, 12/01/2025 (MT Newswires) -- Iren ( IREN ) said late Monday it plans to offer $1 billion of convertible senior notes due 2032 and another $1 billion of convertible senior notes due 2033 in a private offering.

The company also said it expects to grant initial purchasers options to buy up to an additional $150 million of 2032 notes and $150 million of 2033 notes.

Separately, Iren ( IREN ) said it also plans a registered direct equity offering to fund the repurchase of a portion of its convertible senior notes due 2029 and 2030.

Shares of the company were down over 6% in after-hours trading.