The actions of the High Performance Calculation Company Iren (IREN) dropped by 6 % on Tuesday after the scholarship after the announcement of a convertible debt offer of $ 875 million.
The offer could reach $ 1 billion if initial buyers took an additional $ 125 million option, the press release said. Tickets will not be guaranteed and will give holders the right to convert them into IREN or cash actions under certain conditions, with a due date set at July 2031.
The Company said that the product would finance general operations and capped purchase transactions, which aim to reduce the potential dilution of shares if the tickets are converted into shares. These capped calls also aim to compensate for possible cash payments if the course of the company’s action climbs significantly. The company added that it could request the approval of the shareholders to buy actions in order to settle these instruments in the future.
This decline almost erased today’s advance in the signing of new multi -year artificial intelligence cloud contracts (AI) linked to NVIDIA Blackwell GPU deployments. Even with this decrease, the title is still up approximately 1,000 % compared to the lowest April, while the appetite of investors for infrastructure linked to AI has become feverish.
Read more: Bitcoin Iren’s minor jumped 9 % after obtaining new multi -year contracts on the AI Cloud
