IREN Secures $2.3 Billion Funding and Repurchases Debt in Major Financial Restructuring

Digital infrastructure company IREN has successfully raised $2.3 billion in a strategic financing round. The capital will be primarily used to repurchase outstanding debt, marking a significant overhaul of the company's balance sheet. This financial maneuver is designed to strengthen IREN's long-term stability and provide greater flexibility for future growth initiatives in the data center and blockchain computing sectors. The move is seen as a positive step towards optimizing the company's capital structure and reducing financial leverage.