Equipment financing facilities under lender enforcement
Company: IREN
The claim, verbatim
Lender pursuing remedies on limited recourse equipment financing; PwC appointed receiver for Non-Recourse SPVs; expected loss of Bitcoin miners securing loans
Source (primary)
IREN 424B3 filed 2023-06-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the lender to two wholly owned special purpose vehicle borrowers in relation to limited recourse equipment financing facilities (the "Non-Recourse SPVs") is pursuing remedies available to it with respect to such facilities, and has previously appointed PricewaterhouseCoopers as receiver ("PwC") with respect to the two Non-Recourse SPVs”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The main text establishes the remedies and PwC receivership, and the forward-looking statements state enforcement is expected to result in loss of the relevant Bitcoin miners.
Confirmed in the source:
- The lender is pursuing remedies on limited recourse equipment financing to two wholly owned SPVs
- PricewaterhouseCoopers has been appointed receiver over the Non-Recourse SPVs
- Enforcement is expected to result in the loss of the Bitcoin miners securing the loans
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036123030396/brhc20054634_424b3.htm) in full (13,070 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 424B3 filed 2023-06-20
Quote: “the lender to two wholly owned special purpose vehicle borrowers in relation to limited recourse equipment financing facilities (the "Non-Recourse SPVs") is pursuing remedies available to it with respect to such facilities, and has previously appointed PricewaterhouseCoopers as receiver ("PwC") with respect to the two Non-Recourse SPVs”