Blockchain
Convertible Note Deals Hit IREN and Kindly MD Stocks
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Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto sector.
Shares in IREN (IREN) finished Tuesday’s trading session with a gain of 6.81% but dropped 4.9% after the bell to trade at $58.66 following the company’s announcement of an $875 million convertible senior note offering.
Healthcare company Kindly MD, which merged with David Bailey’s Bitcoin firm Nakamoto, also said on Tuesday…
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