From ASIC-backed loans to AI-backed convertibles, Bitcoin miners are once again tapping billions in debt — reshaping the industry’s capital structure.
IREN joins peers in tapping convertible debt markets to expand HPC capacity.
Bitcoin miner IREN’s stock is up 12% in pre-market trading Tuesday after announcing new multi-year AI cloud contracts, extending Monday’s record highs.
Publicly traded miners more than doubled from Q2 lows, capping September at an all-time high ahead of bitcoin’s Uptober rebound to $116K.
New purchase lifts total to 23k GPUs, with deliveries staged at its Prince George campus
Bitfarms and HIVE lead the rally while IREN, Hut 8 and Cipher hit fresh 52-week highs
Stock rally lifts IREN’s market cap to nearly $9 billion — more than MARA and CleanSpark combined
IREN shares set all-time highs over $28 on Friday
IREN doubles GPUs after NYDIG dispute ends
Settlement comes just as PwC’s probe into the co-founders was set to begin in Australia.
Fleet utilization emerges as key differentiator amid slowing hashrate growth
Mining sector splits on June performance amid summer curtailments across the U.S.