# Blockspace: IREN’s $2.3B Note Offering, STRC Comes to DeFi, KEEL’s Q1 2026 Earnings

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/blockspace-iren-s-2-3b-note-offering-strc-comes-to-defi-keel-s-q1-2026-earnings
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/blockspace-iren-s-2-3b-note-offering-strc-comes-to-defi-keel-s-q1-2026-earnings.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-05-12T12:00:00+00:00
Episode link: https://traffic.megaphone.fm/CDI9137437136.mp3
Audio file: https://traffic.megaphone.fm/CDI9137437136.mp3
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JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/blockspace-iren-s-2-3b-note-offering-strc-comes-to-defi-keel-s-q1-2026-earnings
Duration seconds: 3986

## Resource

IREN is planning a $2.3B convertible note offering to scale its AI line and DeFi degens are starting to trade STRC. Welcome back to The Blockspace Podcast! Today, Jay Patel, CEO of Lygos Finance, joins us to talk about the emerging trend of Strategy’s STRC derivatives in DeFi. We also break down IREN’s new $2.3B convertible notes offering, BitGo CEO Mike Belshe’s take on quantum computing threats and Project 11’s new research paper on the topic, KEEL’s Q1 2026 results, and why Morgan Stanley’s Bitcoin ETF saw zero outflows in its first month. 👉CleanSpark (Nasdaq: CLSK), a market-leading data center developer with a proven track record of success. 👉Luxor, Blockspace's preferred mining pool. Start hashing today with Luxor! 👉Lygos Finance, Borrow against your Bitcoin, without compromising on custody.

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## Transcript

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