Bitcoin liquidation via Kraken
Company: IREN
The claim, verbatim
Utilizes Kraken digital asset trading platform for daily liquidation of mined Bitcoin
Source (primary)
IREN 424B3 filed 2023-09-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “To date we have utilized Kraken, a U.S.-based digital asset trading platform, to liquidate the Bitcoin we mine.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states the company has used Kraken to liquidate its mined Bitcoin and that mining pools transfer the mined Bitcoin to Kraken daily, where it is exchanged for fiat currency.
Confirmed in the source:
- Iris Energy has utilized Kraken, a U.S.-based digital asset trading platform, to liquidate the Bitcoin it mines
- Iris Energy typically liquidates the Bitcoin it mines daily, with mining pools transferring mined Bitcoin to Kraken on a daily basis
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036123045184/ny20011266x1_424b3.htm) in full (245,327 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 424B3 filed 2023-09-26
Quote: “To date we have utilized Kraken, a U.S.-based digital asset trading platform, to liquidate the Bitcoin we mine.”
confirms IREN 424B3 filed 2023-09-26
Quote: “To date we have utilized Kraken, a U.S.-based digital asset trading platform, to liquidate the Bitcoin we mine. The mining pools that we utilize for the purposes of our Bitcoin mining transfer the Bitcoin that we have mined to Kraken on a daily basis”