Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
IREN plans to issue $2 billion in 2033 maturing convertible preferred notes, used for hedging transactions and corporate expansion
ME News Report, May 11 (UTC+8), IREN announced plans to issue $2 billion in 2033 maturity convertible senior notes, with an additional option for initial purchasers to buy up to $300 million more. The notes are unsecured senior debt, expected to mature in December 2033, with proceeds partly used for capped call hedging transactions, and the rest for general corporate purposes and working capital.
Meanwhile, IREN also plans to simultaneously unwind some capped call options hedging positions related to the 2029 and 2030 convertible bonds. The company stated that hedge providers may engage in derivatives and spot trading around IREN stock, which could influence the stock price and the initial conversion price of the new notes.
Previously, IREN has become one of the most aggressive miners in the U.S. stock market, expanding into AI data centers and Bitcoin mining infrastructure. This large-scale financing could further enhance its capital expenditure and expansion capabilities. (Source: ChainCatcher)