This paper presents a closed-form formula for estimating dynamic power dissipation in deep submicron global interconnects using current mode signaling, which aims to address the power consumption issues associated with traditional voltage mode signaling techniques. The proposed model is based on modified nodal analysis and allows accurate estimation of dynamic power at any operating frequency, even in distributed RC lines. The findings suggest that current mode signaling could significantly reduce power consumption compared to voltage mode, particularly for long global interconnects.