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HOT
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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
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Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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⏰ Event Date: Sept 17 – Sept 24
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The IREN plan is to issue $450 million of convertible senior notes for financing.
According to Gate News bot, TheBlock reports that the Nasdaq-listed Bitcoin mining company IREN (formerly Iris Energy) announced a new financing plan. The company is preparing to issue $450 million of convertible senior notes to qualified institutional investors, along with an additional $50 million issuance option.
IREN stated that part of the raised funds will be invested in capped call option trading and prepayment stock repurchase agreements, with a maximum repurchase amount of $100 million. This move aims to reduce equity dilution and stabilize the stock price. The remaining funds will be used to support the company's daily operations and working capital needs.
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