Synthetic intelligence and excessive efficiency computing (AI/HPC) miners proceed to proliferate pre-market.
IREN (IREN) rose 6% pre-market to over $73 per share after closing a $1 billion personal placement of 0.00% convertible senior notes due 2031.
The deal was oversubscribed and included a totally exercised $125 million greenshoe.
The notes carry a 42.5% conversion premium and the roughly $979 million in web proceeds shall be used for basic company functions and a $56.7 million capped name transaction to hedge dilution threat.
TeraWulf (WULF) introduced Tuesday that its subsidiary WULF Compute LLC plans to difficulty $3.2 billion in senior secured notes due in 2030 to fund the growth of its Lake Mariner information heart in Barker, New York.
TeraWulf additionally affords a completion assure for well timed supply of latest services. Shares rose 10% on Tuesday and rose 3% to $15.94 in premarket buying and selling on Wednesday.
