IREN raises $3B in convertibles to fund AI infrastructure pivot
The 1.00% coupon and fully exercised $400M greenshoe show real demand at a discount to dilution — and they land a week after IREN booked $9.7B in Microsoft AI cloud commitments.
Funding rounds, seed and Series raises, project token sales, grants, and bankruptcy events.
The 1.00% coupon and fully exercised $400M greenshoe show real demand at a discount to dilution — and they land a week after IREN booked $9.7B in Microsoft AI cloud commitments.
The bitcoin miner-turned-AI operator upsized a $2B raise to nearly $3B in three days — one of the sector's largest converts, with proceeds funding Nvidia-backed GPU and data center buildout.
A deal would land a top global offshore exchange inside one of South Korea's four major domestic venues, putting a real institutional tradfi partner in the cap table alongside OKX.
The 319% revenue jump came on a tiny base, while the bulk of the net loss is a non-cash SOL mark-to-market hit that exposes how exposed a Solana treasury vehicle is to its own holdings.
Anthropic is offering fellows $3,850 per week, placing the AI safety lab's fellowship program among the most lucrative…
The $146.7M net loss narrowed sequentially from $185.3M, but the revenue line tells the harder story: the staking-yield compression that defined Q1 is now hitting the top line.
A regulated US index product on the CME lands the same week total crypto market cap retakes $2.71T and Bitwise's Hyperliquid ETF begins trading — three institutional rails clicking into place at once.
Bitwise Asset Management is set to launch its Hyperliquid ETF, ticker $BHYP, with trading beginning tomorrow. The…
21Shares' Hyperliquid product posted $1.8M on day one, and Bitwise is now racing in with a yield-bearing wrapper the spot rivals can't match.
JPMorgan and Goldman Sachs were on the draft S-1; the timing slip, alongside a peer pause wave, signals issuers don't yet see a clearing window after February's drawdown.
The $4B-valuation deal the company lined up with Goldman, Jefferies, and Barclays in January is now on ice, with insiders flagging private fundraising as the alternative path.
SATA would be the first US-listed security to pay a cash dividend every business day — a structural bet that bitcoin-treasury equity needs a payout cadence the market doesn't yet price.
Backprop is one of Bittensor's highest-volume decentralized trading venues; folding it into General Tensor consolidates the ecosystem's on-chain liquidity rails under a DCG-backed operator.
The chipmaker priced above range and rocketed ~100% out of the gate, extending a 2024 IPO window that has rewarded pure-play AI compute names with scarcity premia.
The pivot is the clearest signal yet from a major crypto-native distribution platform that the investable frontier has moved from primary token issuance to secondary rails for real-world assets.
Dune joins a growing list of crypto media and data firms shrinking headcount while betting AI tooling lets a smaller team cover the same surface — the structural read is on the rest of the…
The lineup matters less for any single name than for what it signals: Binance is leaning into stock-token exposure for the retail crypto book, blending blue-chip US equities with leveraged perpetual…
SUI, AVAX, NEAR, INJ, TIA, IMX and AXS have moved past the supply overhang that typically pressures early-stage tokens, while APT and JTO approach their final unlocks later this year.
The bridging capital model turns the slow primary-market redemption window into a near-instant secondary exit, with LPs earning receipt tokens on the spread between primary and secondary pricing.
The co-founder's framing matters more than the dollar figure: a top Trump-linked DeFi project defending a flagged borrowing position as routine while pursuing a separate defamation suit against…