British Columbia Supreme Court hearing on non-recourse equipment financing
Company: IREN
The claim, verbatim
Hearing held June 13-15, 2023 in British Columbia Supreme Court on non-recourse SPV financing; lender sought declarations; company vigorously defended; court decision pending
Source (primary)
IREN 424B3 filed 2023-06-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “A hearing was held on June 13-15, 2023 in The Supreme Court of British Columbia where the lender sought, among other things, declarations to the effect that any difference between revenue generated by the Non-Recourse SPVs through provision of hashpower services to the Company and Bitcoin mined by the Company is collateral securing such facilities, as well as substantive consolidation of Group entities, which were vigorously defended by the Company and the Non-Recourse SPVs. A decision by the Court is pending.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms IREN 424B3 filed 2023-06-20
Quote: “A hearing was held on June 13-15, 2023 in The Supreme Court of British Columbia where the lender sought, among other things, declarations to the effect that any difference between revenue generated by the Non-Recourse SPVs through provision of hashpower services to the Company and Bitcoin mined by the Company is collateral securing such facilities, as well as substantive consolidation of Group entities, which were vigorously defended by the Company and the Non-Recourse SPVs. A decision by the Court is pending.”