Going concern doubts disclosed in June 2022 audit report
Company: IREN
The claim, verbatim
Audit report for fiscal year ended June 30, 2022 stated that significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments, raising substantial doubt about the Group's ability to continue as a going concern
Source (primary)
IREN 6-K filed 2023-05-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the audit report dated September 13, 2022 on the Company's consolidated financial statements as of and for the fiscal year ended June 30, 2022 contained a separate paragraph stating that "significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments. These conditions raise substantial doubt about the Group's ability to continue as a going concern"”
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 6-K filed 2023-05-22
Quote: “the audit report dated September 13, 2022 on the Company's consolidated financial statements as of and for the fiscal year ended June 30, 2022 contained a separate paragraph stating that "significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments. These conditions raise substantial doubt about the Group's ability to continue as a going concern"”