What IREN’s $2.3 billion raise really means

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“There's an element of capital raising, which is really just purely signaling to the market. There is this additional benefit of rolling over longer duration at a lower cost, which is great, but there's also a message to the market that says, “We can go and raise a billion dollars." Luxor COO Ethan Vera lays out why IREN’s latest $2.3B convertible note deal may mean more to onlookers than a mere refinancing. 🎧 Catch the latest episode of 'THE MINING POD,’ in partnership with Blockspace Media! 📺 Watch: https://go.coindesk.com/3UH5phM 🎧 Spotify: https://go.coindesk.com/4bdam8m 🎧 Apple: https://go.coindesk.com/42adA8N