IREN's bold $500M move and HPC Outlook, Bitdeer Production & Soluna News!

Anthony Power and I break down Iron's recently announced $500M convertible note, exploring whether this signals standard financing or preparation for a major HPC/AI contract announcement.• Iren secures $500M convertible note at 3.5% interest due in 2029• CEO Dan Roberts previously stated they need $250M to complete 50 exahash mining capacity, Horizon One, and Sweetwater prep work• Capped call transactions at $20.98 will help protect against share dilution• Dan Roberts is "highly confident" they'll contract a client for Horizon One before completion in Q4• Bitcoin miners with AI/HPC strategies (Iren +35%, Core Scientific +27%) significantly outperforming pure-play miners in the last month• Only 4 gigawatts of power currently support AI in North America, with demand at 44 gigawatts• Bitdeer increased Bitcoin production by 18% in May compared to April• Bitdeer continues developing their SealMiner series, with the A3 achieving 9.7 joules per terahash and A4 targeting 5 joules per terahash• Soluna Holdings launches Project KD1 with $20M in new funding from Spring Lane CapitalHit the like button, subscribe to McNally Money, and let us know in the comments what you think is next for Iron and if you're currently holding shares.Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletterAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]